Facilitates construction and rehabilitation of affordable housing built in part through sweat equity by eventual occupant.

Summary

The bill lets the Department of Community Affairs certify nonprofit groups that build or rehab low‑ and moderate‑income homes using sweat equity from future occupants. Certified nonprofits are exempt from certain adaptability and marketing requirements, and they receive expedited help from state agencies to count units toward municipal housing obligations and to acquire abandoned properties. This aims to boost affordable‑housing production by leveraging resident labor.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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