Provides for establishment of pilot program for acquiring abandoned properties in certain municipalities and develop land bank agreement.

Summary

The bill would let selected New Jersey municipalities start a pilot program to take ownership of abandoned properties and create land‑bank agreements to manage them. It targets local governments and owners of vacant land, aiming to reduce blight and make properties available for redevelopment. By testing this approach, the state hopes to find effective ways to revitalize distressed neighborhoods.

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