New JerseyLaw gives certain housing and parking projects four more years
Eligible developers in New Jersey’s Economic Redevelopment and Growth Grant program now have until June 30, 2032, to submit temporary approval to use their buildings.
What it does
Certain housing and mixed-use parking projects in designated redevelopment areas with over 125,000 residents get until June 30, 2032, to submit temporary occupancy approval. Eight counties are excluded, and earlier eligibility requirements still apply.
Argument forThe extra four years could help eligible developers finish delayed housing and parking projects without missing the deadline tied to their incentives.
Argument againstThe later deadline could reduce pressure on covered developers to finish projects sooner, delaying access to housing or parking.
More detail
Covered developers get four more years to submit a temporary certificate of occupancy, a document allowing temporary use of a building. Projects must be in Garden State Growth Zones, designated redevelopment areas with over 125,000 residents. Projects in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Ocean, and Salem counties are excluded. The developer route requires program approval after May 1, 2017, and a municipal support letter identifying up to six projects submitted before July 1, 2018. The parking-only category required applications before July 1, 2019. The category covering housing and parking required applications before December 31, 2021. The municipal redeveloper route covers mixed-use parking projects undertaken after July 29, 2022, with a program grant awarded. The law takes effect immediately. It moves the deadline for submitting temporary occupancy approval from June 30, 2028, to June 30, 2032.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 9Approved P.L.2026, c.89.Became Law
- Jun 30Passed Senate (Passed Both Houses) (25-15)Passed 2nd Chamber
- Jun 30Substituted for S3116
- Jun 24Reported from Senate Committee, 2nd ReadingMinor
- Jun 11Received in the Senate, Referred to Senate Budget and Appropriations CommitteeMinor
- Jun 11Passed by the Assembly (57-22-0)Passed 1st Chamber
- May 14Reported out of Assembly Committee, 2nd ReadingMinor
- Mar 9Introduced, Referred to Assembly Commerce and Economic Development CommitteeIntroduced
HousingEconomy & Jobs