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A 2390

Requires rent concessions to be reported to the division of housing and community renewal

2025 Regular Session Introduced by Phara Souffrant Forrest and 1 co-sponsor

The bill gives priority for competitive state grants to municipalities that are in compliance with or making substantial progress on affordable-housing obligations.

REFERRED TO HOUSING
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Bill Summary · A 2390

Summary — A-2390 (P.L.2025, c.142)

Important note: the metadata in your prompt (title: “Requires rent concessions to be reported to the division of housing and community renewal”) conflicts with the bill text and documents you supplied. The documents describe a New Jersey law (A-2390) that requires State agencies to give priority in competitive municipal grant awards to municipalities that are in compliance with their affordable‑housing obligations. This summary reflects the text and legislative history provided.

Short synopsis

Requires the New Jersey Department of Community Affairs (DCA) and the New Jersey Economic Development Authority (EDA) to give priority consideration for competitive municipal grants and other financial assistance (including the Main Street New Jersey and Neighborhood Preservation programs) to municipalities that the DCA determines are in compliance with their affordable‑housing obligations. Grants intended to help a municipality meet its affordable‑housing obligation are excluded.

Purpose / intent

To incentivize municipalities to obtain and maintain compliance with State affordable‑housing requirements by preferentially directing competitive State development and revitalization funding to jurisdictions that have met or are making substantial progress on affordable‑housing obligations.

Key provisions

  • Agencies/Programs covered:
    • DCA-administered programs including the Main Street New Jersey Program and Neighborhood Preservation Program, and any other DCA competitive municipal programs.
    • EDA competitive programs that provide monies to municipalities.
  • Priority standard (first five years of a new round of obligations):
    • DCA shall give priority to municipalities that obtained compliance certification (or equivalent) for the prior round and meet one or more factors, including:
    • The municipality was not required to include units resulting from builder’s‑remedy litigation in the prior round;
    • The municipality entered into a fair‑share settlement and received a Judgment of Compliance in the prior round;
    • The municipality issued certificates of occupancy for new units that were part of the prior round;
    • Any other relevant factor deemed by DCA.
  • Priority standard (after five years into a round):
    • DCA shall give priority to municipalities that have compliance certification for the current round and have made “substantial progress” toward fulfilling the current round obligation.
  • Qualified Urban Aid municipalities (exempt from prospective need obligations) are to be deemed to meet requirements and receive priority.
  • Exceptions: priority rules do not apply to grants intended to assist a municipality in fulfilling its affordable‑housing obligation.

Who is affected

  • Municipal governments in New Jersey competing for DCA and EDA grants: those in compliance or making substantial progress on affordable‑housing obligations may have an advantage.
  • Local redevelopment, downtown revitalization, and neighborhood preservation projects could be influenced by municipalities’ compliance status.
  • State agencies (DCA, EDA) — required to apply the new priority criteria.

Procedural / timeline notes

  • Introduced: January 9, 2024.
  • Reported by Assembly Housing Committee: January 29, 2024; reported by Senate committee: May 6, 2024.
  • Passed both houses (final legislative actions in 2025).
  • Approved / signed into law: September 11, 2025 — effective immediately as P.L.2025, c.142.

Potential impact

  • Creates a financial incentive for municipalities to pursue and document compliance with affordable‑housing obligations and to avoid reliance on builder’s‑remedy developments.
  • May shift competitive grant dollars toward municipalities that meet DCA compliance standards, potentially affecting regional distributions of State redevelopment and preservation funding.

If you intended a summary of a different A‑2390 (for example, a bill on reporting rent concessions to DHCR), please provide that bill text or confirm and I will summarize it instead.

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

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