Establishes procedures for sale of certain State-owned properties used by agencies or organizations providing housing to adults with developmental disabilities.
Impact
Upon the sale of such properties, the bill permits these agencies to discharge any liens against the properties at a reduced rate of 50%. Additionally, it mandates that the state's Department of the Treasury transfer all revenues or proceeds from the sale directly to the nonprofit agency. This shift in policy is designed to empower these organizations to reinvest the funds either by purchasing new properties, renovating existing ones, or expanding their services to better cater to adults with developmental disabilities.
Summary
A4519 is a newly introduced bill in the New Jersey Legislature aimed at establishing procedures for the sale of certain state-owned properties utilized by agencies or organizations that provide housing for adults with developmental disabilities. The bill seeks to amend existing state laws to minimize financial barriers faced by nonprofit providers when selling properties that have previously served individuals with disabilities. Under this bill, agencies that have contracted with the Division of Developmental Disabilities for a minimum of 10 years will receive specific privileges regarding the sale of these properties.
Contention
The bill addresses significant hurdles that nonprofit organizations face when trying to sell state-owned properties. Previously, any proceeds from such sales were required to be returned to the state, coupled with the obligation to pay off any liens fully. Supporters argue that this legislation alleviates some financial pressure, allowing nonprofits greater flexibility to develop properties to meet the housing needs of adults with developmental disabilities. However, critics are yet to express their stance on this bill, as discussions around specific concerns or amendments are likely to unfold during the legislative process.
Establishes procedures for sale of certain State-owned properties used by agencies or organizations providing housing to adults with developmental disabilities.
Requires DHS to set reimbursement rates for owners or operators of group homes providing individual support services to certain persons with developmental disabilities.
"Fair Funding for Vulnerable Residents Act"; establishes direct care ratio requirement for certain providers of services to adults or children with intellectual or developmental disabilities.
"Fair Funding for Vulnerable Residents Act"; establishes direct care ratio requirement for certain providers of services to adults or children with intellectual or developmental disabilities.
Establishes a pilot program in partnership with a nonprofit organization to improve equity and efficiency in housing for people with developmental disabilities by encouraging shared housing.
Establishes a pilot program in partnership with a nonprofit organization to improve equity and efficiency in housing for people with developmental disabilities by encouraging shared housing.
Establishes procedures for sale of certain State-owned properties used by agencies or organizations providing housing to adults with developmental disabilities.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of a property other than a residence homestead that is the primary residence of an adult who has an intellectual or developmental disability and who must be related to the owner or trustee of the property within a certain degree by consanguinity.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of a portion of the market value of a property that is the primary residence of an adult who has an intellectual or developmental disability and who must be related to the owner or trustee of the property within a certain degree by consanguinity.