New Jersey § 52:27d-329

§ 52:27d-329.

The Legislature finds and declares that: a. The transfer of a portion of the fair share obligations among municipalities has

proven to not be a viable method of ensuring that an adequate supply and variety of

housing choices are provided in municipalities experiencing growth. Therefore, the use of a regional contribution agreement shall no longer be permitted

under P.L.1985, c. 222 ( C.52:27D-301 et al.). b. Although the elimination of the regional contribution agreement as a tool for the

production of affordable housing pursuant to P.L.1985, c. 222 ( C.52:27D-301 et al.), will impact on some proposed agreements awaiting approval, it is for a public

purpose and for the public good that such contracts be declared void for the current

and future housing obligation rounds. c. There is a need to assist municipalities in the rehabilitation of housing for occupancy

by low and moderate income households. To this end, a specific program for housing rehabilitation by municipalities would

best serve this need. It is the intent of the Legislature that this program, as well as funds earmarked

for the purposes of the program, will be utilized, especially in urban areas which

were the main recipients of regional contribution agreements, to continue to upgrade

housing stock in order to provide a wide variety and choice of housing for persons

living in those areas. d. There is also a need to provide funding to municipalities to create additional

incentives and assistance for the production of safe, decent, and affordable rental

and other housing.