New Jersey 2024-2025 Regular Session

New Jersey Senate Bill S4781

Introduced

10/27/25

Refer

10/27/25

Caption

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

Impact

The implementation of S4781 would signify a crucial step toward bolstering affordable housing initiatives across New Jersey. By directing significant funds toward the NJAHTF, the bill is poised to facilitate the awarding of grants and loans tailored to municipalities that adhere to state-approved housing strategies. This could lead to an increase in the number of affordable housing units available, thereby addressing a critical shortage that has been affecting residents statewide.

Summary

Senate Bill S4781 aims to address the need for affordable housing in New Jersey by appropriating $125 million from the General Fund to the New Jersey Affordable Housing Trust Fund (NJAHTF). This move seeks to restore funding that was previously diverted from the NJAHTF, as outlined in the State Fiscal Year 2026 Appropriations Act. The purpose of the appropriated funds is to support housing projects and programs in municipalities that have received compliance certification for their fair share plans and housing elements.

Contention

While supporters advocate for the bill as a necessary investment in housing infrastructure, potential points of contention could arise regarding the allocation of funds and adherence to fair share housing obligations. Critics may question the effectiveness of the funding distribution and whether it adequately meets the diverse needs of the various municipalities involved. Additionally, there could be debates on the long-term sustainability of the NJAHTF and whether the restored budget figures will adequately meet the ongoing challenges of affordable housing development.

Latest NJ S4781 Activity

View All Events: NJ 2024-2025 Regular Session S4781

Companion Bills

NJ A6059

Same As Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

Previously Filed As

NJ S2723

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

NJ A2246

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

NJ A1229

Provides municipality with affordable housing credit toward its municipal fair share housing obligation for funds transferred to the New Jersey Affordable Housing Trust Fund pursuant to P.L.2008, c.46.

NM SB145

Housing Trust Fund & Affordable Housing

NJ A1722

Makes supplemental appropriation of $100 million to Affordable Housing Production Fund in DCA for completion of 100-percent affordable housing projects.

NJ A1206

Reduces term of affordability required for affordable housing created through middle housing construction or conversion.

MA H4318

Authorizing the town of Harwich affordable housing trust to provide for the creation of attainable housing

NJ S3103

Dedicates 50 percent of revenues collected from additional fees and taxes imposed on real property transfers valued over $1 million to Affordable Housing Trust Fund.

NJ A1737

Dedicates 50 percent of revenues collected from additional fees and taxes imposed on real property transfers valued over $1 million to Affordable Housing Trust Fund.

IL HB4571

CTY CD-AFFORDABLE HOUSING

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