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MD

Bill

A 4691

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

2024-2025 Regular Session Introduced by Margie Donlon and 3 co-sponsors

One-time $100M supplemental to New Jersey's Affordable Housing Production Fund to finish 100% affordable projects, speeding completion and occupancy for residents.

Introduced in the Assembly, Referred to Assembly Housing Committee
#affordhous #supplapprop
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Bill Summary · A 4691

Summary of Assembly Bill A 4691

Overview

A 4691 is a New Jersey Assembly bill introduced on February 4, 2025, that proposes a supplemental appropriation of $100 million to the Affordable Housing Production Fund within the Department of Community Affairs (DCA). The purpose is to support the completion of projects that are 100-percent affordable.

Purpose and Intent

  • The bill aims to accelerate the completion of affordable housing by providing additional funding to the Affordable Housing Production Fund.
  • Specifically targets projects that are to be 100-percent affordable, helping bring these developments to completion and occupancy.

Key Provisions

  • Authorization of a supplemental appropriation of $100,000,000 to the Affordable Housing Production Fund (within the DCA).
  • Targeted use: funding used for the completion phase of 100-percent affordable housing projects.
  • No other substantive policy changes are listed in the introduced text available.

Who Would Be Affected

  • Affordable housing developers and sponsors working on projects funded through the Affordable Housing Production Fund.
  • The Department of Community Affairs (DCA), which would administer the supplemental funds.
  • Local governments and housing authorities partnering on 100-percent affordable projects.
  • Prospective and current residents of projects designated as 100-percent affordable, who stand to benefit from accelerated completion and occupancy.

Legislative Status and Process

  • Introduced in the Assembly on February 4, 2025.
  • Status: Referred to Assembly Housing Committee (as stated in the provided information).
  • Legislative actions show an anomaly: two entries on February 4, 2025 list a referral to Election Law, but the stated status identifies Assembly Housing Committee as the primary committee of referral.
  • Related/companion and prior-session bills:
    • Companion bill: S 3469
    • Prior-session A bills: A 6585, A 1972, A 4856
  • Sponsors:
    • Primary: Assemblyman Andrew Molitor
    • Co-sponsors: Assembly members Robert Smullen, Jeff Gallahan, Joe DeStefano
    • Sponsored by: Assemblywoman Verlina Reynolds-Jackson (District 15) and Assemblywoman Garnet R. Hall (District 28)
    • Co-sponsors: Assemblywomen Donlon and Peterpaul

Fiscal and Policy Implications

  • Fiscal: A one-time supplemental appropriation of $100 million would increase the state’s outlays for housing production, affecting the DCA budget and potentially influencing the timeline for other affordable-housing programs.
  • Policy: Positive impact on accelerating the completion of 100-percent affordable developments, potentially increasing the supply of affordable units and reducing delays in ongoing projects.

Notes

  • The bill is part of a broader legislative effort to bolster funding for affordable housing through the Affordable Housing Production Fund and has a companion in the Senate (S 3469), indicating cross-chamber consideration.
  • If enacted, implementation would depend on the typical appropriation process, including drafting, committee approvals, and final passage by both houses and signature by the Governor.

Compiled from official sources — confirm details with the bill’s official record.

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