New Jersey § 55:14k-5
Full text of New Jersey New Jersey Statutes § 55:14k-5, with citation guidance and answers to common questions.
§ 55:14k-5.
In addition to the powers otherwise granted in P.L.1983, c. 530 ( C. 55:14K-1 et seq. ), the New Jersey Housing and Mortgage Finance Agency shall set aside and designate,
out of the funds that are or may become available to it for the purpose of assisting
the production of affordable housing in the State, certain amounts to be used for
assisting in the development of homeownership opportunities for residents of public
housing who seek to acquire ownership of their residential units as part of a resident
management corporation, a cooperative corporation or a condominium association formed
by the residents of that public housing project through the program established pursuant
to Subtitle B of Title IV of Pub.L. 101-625 ( 42 U.S.C. § 12871 et seq. ) or any other program administered by the federal government for extending homeownership
opportunities to residents of public housing. Nothing in this act shall, in any way, relieve a housing authority of the need to
submit a plan for replacement housing, as required under 24 CFR 970.11 .
Frequently Asked Questions About New Jersey § 55:14k-5
What does New Jersey Statutes § 55:14k-5 cover?
Section 55:14k-5 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 § 55:14k-5?
A common citation format is "New Jersey Statutes § 55:14k-5" (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 § 55:14k-5 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.