Here is an update on the Network’s policy priorities and what has been achieved since Lobby Day.
Amending the Tax Sale Law (A3570/S2400): Establishes a pilot program to allow certain municipalities greater control over sale of tax liens. Passed the Assembly Housing and Local Government Committee 5-1 on 6/6/2013. Referred to Assembly Appropriations Committee. No action in the Senate.
Non-residential development fees (A4251/S2716): Extends moratorium on the imposition of Statewide non-residential development fees until 2016; establishes the “New Jersey Residential Foreclosure Transformation Act.” Passed both houses on June 27, 2013 and conditionally vetoed by the Governor. NOTE: The two-year moratorium on the imposition of non-residential development fees expired on July 1, 2013.
Preserving the State Budget and Production Funding: Level funding at $42 million to fund approximately 4,000 vouchers funded by the NJ Affordable Housing Trust Fund which once again has NO funding in it to create more affordable homes.
“The New Jersey Economic Opportunity Act of 2013” (A3680/S2583): 20 percent of affordable home obligation for residential homes outside of urban areas would be funded by the bill. Pending final approval by the Legislature.
Creates cause of action for failure to maintain certain vacant properties; requires out-of-state creditors to designate in-State representative (S115/A3072): Passed the Senate in May, 2012. Reported out of Assembly Housing Committee on 2/7/2013.
Authorizes municipalities to impose penalties on creditors that fail to timely remedy code violations of certain properties in foreclosure (S1740/A172): Passed the Senate Nov., 2012. Referred to Assembly Financial Institutions and Insurance Committee in Feb. 2013.
Requires registration of certain vacant and abandoned properties with municipalities and provides enforcement tools related to maintenance of these properties (A4031): Passed the Assembly June 2013. No action in the Senate.
Foreclosure bill to codify the judiciary’s current Foreclosure Mediation Program and collect money from foreclosure filings and fines to fund the program on a permanent basis (A3396/S2557): Passed the Assembly Dec. 2012. No action in the Senate.