AN ACT ESTABLISHING A TAX CREDIT AND AWARDING HOUSING UNIT-EQUIVALENT POINTS FOR THE CONVERSION OF COMMERCIAL AND INDUSTRIAL PROPERTIES FOR RESIDENTIAL USE.
To provide certain tax credits for the conversion of commercial or industrial buildings into residential or mixed-use developments, require that ten per cent of such units be affordable housing and award a municipality one-quarter housing unit-equivalent point for each unrestricted dwelling unit created by such conversion.
Introduced by:
Sen. Paul Cicarella, 34th Dist.Sen. Jeff Gordon, 35th Dist.
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| Text of Bill | |
| Proposed Bill [doc] |
Add Notes to SB-778
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Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 1/17/2025 | Referred to Joint Committee on Housing |
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