"Yes In God's Backyard Act"; Enhances ability of religious and nonprofit organizations to convert certain property to inclusionary developments with affordable housing; authorizes bonds for $250 million; appropriates $50 million.

Summary

The bill would let religious and nonprofit organizations in New Jersey more easily turn land they own into inclusionary housing projects that include affordable units. It provides $250 million in bond authority and a $50 million state appropriation to support these conversions. The goal is to increase affordable housing supply while using property owned by community groups.

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

Topics

Share