New Jersey § 52:27d-321
Full text of New Jersey New Jersey Statutes § 52:27d-321, with citation guidance and answers to common questions.
§ 52:27d-321.
Notwithstanding any rules of the New Jersey Housing and Mortgage Finance Agency to
the contrary, the allocation of low income tax credits shall be made by the agency
to the full extent such credits are permitted to be allocated under federal law, including
allocations of 4 percent or 9 percent federal low income tax credits, and including
allocations allowable for partial credits. The affordable portion of any mixed income or mixed use development that is part
of a fair share housing plan approved by the council, or a court-approved judgment
of repose or compliance, including, but not limited to, a development that has received
a density bonus, shall be permitted to receive allocations of low income tax credits,
provided that the applicant can conclusively demonstrate that the market rate residential
or commercial units are unable to internally subsidize the affordable units, and the
affordable units are developed contemporaneously with the commercial or market rate
residential units.
Frequently Asked Questions About New Jersey § 52:27d-321
What does New Jersey Statutes § 52:27d-321 cover?
Section 52:27d-321 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 52:27d-321?
A common citation format is "New Jersey Statutes § 52:27d-321" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 52:27d-321 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.