New Jersey lawmakers are considering a bill that would require developers and homeowners to remove units that would make them eligible for Section 8 housing vouchers.
The proposal, introduced by Assemblyman James O’Neill (D-Bergen), would require them to provide at least 80 percent of units at market rate for units that are priced above market rate.
This means developers would be required to either build affordable units at least 75 percent of the units in their buildings or reduce the affordable units to 50 percent.
The bill has yet to be filed with the Assembly.
“We know that affordable housing is one of the pillars of our economy, but that does not mean we have to let those who are not willing to contribute to the affordable housing crisis take advantage of our state,” O’Neil said.
“We can only do that by ensuring that affordable units are available to those who need them.”
The bill is currently in the Assembly Finance Committee, which will likely vote on the measure this week.
O’Donnell told the Jersey Journal he believes the proposal would not require the developers to make any changes to the units they’re already building, which includes condos and townhomes.
The legislation has been supported by some groups, such as the Housing Coalition of New Jersey, which said the new law would help bring more affordable housing to the state. O