New Jersey A 467: Provides credits against corporation business and gross income taxes for qualified farmers that develop housing for their agricultural workforce.

Bill Text

A467 

ASSEMBLY, No. 467 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblyman GABRIEL RODRIGUEZ

District 33 (Hudson)

SYNOPSIS

���� Requires certain local government community benefit 
agreements dedicate resources for affordable housing purposes.

CURRENT VERSION OF TEXT 

���� Introduced Pending Technical Review by Legislative 
Counsel.

�� 

An Act requiring that certain community benefit agreements by 
local government units dedicate resources for affordable housing purposes and 
supplementing Title 40 of the Revised Statutes.

���� Be It 
Enacted by the Senate and General Assembly of 
the State of New Jersey:

���� 1.��� a.� Notwithstanding any 
provision of law to the contrary, beginning on the effective date of P.L.��� , 
c.��� (C.�������� ) (pending before the Legislature as this bill) the board of 
county commissioners shall not enter into any community benefits agreement as a 
result of which the county will receive a cash payment of $100,000 or more, 
unless the agreement requires that 50 percent or more of the cash payment be 
dedicated to affordable housing purposes within the county.

���� ������ b.� As used in this 
section:

���� �Affordable housing purposes� means 
the creation or rehabilitation of low income housing or moderate income housing 
as those terms are defined in section 4 of P.L.1985, c.222 (C52:27D-304; and 

���� �Community benefits agreement� 
means a binding legal agreement between the board of county commissioners and a 
developer of a commercial or residential project, and may also include other 
community stakeholders, under which the developer agrees to pay for or provide 
certain resources to accommodate and benefit local community interests.� In 
exchange, for these community benefits, the board of county commissioners and 
other community stakeholders agree to approve or provide support for the 
developer�s project. 

���� 2.��� a.� Notwithstanding any 
provision of law to the contrary, beginning on the effective date of P.L.��� , 
c.��� (C.�������� ) (pending before the Legislature as this bill) the governing 
body of any municipality shall not enter into any community benefits agreement as 
a result of which the municipality will receive a cash payment of $100,000 or 
more, unless the agreement requires that 50 percent or more of the cash payment 
be dedicated to affordable housing purposes within the municipality.

�� � b.� As used in this section:

���� �Affordable housing purposes� 
means the creation or rehabilitation of low income housing or moderate income 
housing as those terms are defined in section 4 of P.L.1985, c.222 (C52:27D-304; 
and 

���� �Community benefits agreement� 
means a binding legal agreement between the governing body of a municipality 
and a 

developer of a commercial or 
residential project, and may also include other community stakeholders, under 
which the developer agrees to pay for or provide certain resources to 
accommodate and benefit local community interests.� In exchange, for these community 
benefits, the governing body of the municipality and other community 
stakeholders agree to approve or provide support for the developer�s project.

���� 3.��� This act shall take 
effect immediately.

STATEMENT

���� This bill would prohibit 
county and municipal governing bodies from entering into certain �community 
benefits agreements� for large cash payments, unless the agreement requires 
that 50 percent or more of that cash payment be dedicated to affordable housing 
purposes within the local community.� Affordable housing purposes under this 
bill would mean the creation or rehabilitation of low or moderate income 
housing as those terms are defined by the �Fair Housing Act.�� The bill defines 
a community benefit agreement as a binding legal agreement involving the 
governing body of a municipality or county and a developer of a commercial or 
residential project under which the developer agrees to pay for or provide 
certain resources to accommodate and benefit local community interests.� In 
exchange, for these community benefits, the governing body of the local unit 
and other community stakeholders agree to approve or provide support for the 
developer�s project.� 

���� Community benefits agreements 
can be an important and valuable tool for local government units and the 
communities which these local units serve.� These agreements can provide 
funding for local services and benefits to the community, including, but not limited 
to, funding and other resources for infrastructure, housing, workforce 
training, and development.� This bill would assure that when a large cash 
payment is realized by a local government as a result of an agreement, a 
substantial portion of such a monetary payment is utilized to address 
affordable housing needs within the community.