New Jersey § 55:14k-60
Full text of New Jersey New Jersey Statutes § 55:14k-60, with citation guidance and answers to common questions.
§ 55:14k-60.
A project of new construction or substantial rehabilitation by a nonprofit organization
shall be eligible for a loan under this act if (1) the homes to be constructed or
substantially rehabilitated under the project are located within an identifiable neighborhood
in which median family income does not exceed the current standard of “moderate income”
pursuant to the contemporaneous standards of the Council on Affordable Housing; (2)
the homes to be constructed or substantially rehabilitated under the project are sufficient
in number and located on the same or contiguous parcels of land or within such proximity
to each other as to render the cost per unit of housing practicable for acquisition
by lower-income purchasers; and (3) each home constructed or substantially rehabilitated
within the project will conform to all requirements of the State Uniform Construction
Code, except as to the waiver of any fee or other requirement pursuant to subsection
b. of section 9 of this act. 1 1
N.J.S.A. § 55:14k-62.
Frequently Asked Questions About New Jersey § 55:14k-60
What does New Jersey Statutes § 55:14k-60 cover?
Section 55:14k-60 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-60?
A common citation format is "New Jersey Statutes § 55:14k-60" (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-60 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.