State Legislation to expand access to affordable housing for New Jersey veterans was signed into law on Monday by Governor Chris Christie. S-829/A-1744, which was originally sponsored by New Jersey Assemblymen Upendra J. Chivukula (D-Middlesex/Somerset) and Vincent Prieto (D-Bergen/Hudson), permits affordable housing occupancy preferences for veterans through municipal agreements with developer. More specifically, the new law allows municipalities to enter into agreements with developers to provide affordable housing occupancy preferences of up to 50 percent of the affordable units in a particular project for low to moderate income veterans. Current New Jersey law does not extend affordable housing preferences to low- or moderate-income veterans. According to the law, any agreement to provide affordable housing preferences for veterans will not affect a municipality’s ability to get credit for the unit from the state’s Council on Affordable Housing (COAH).
Click here to read S-829/A-1744.
Click here to read the press release from Governor Christie’s office.
