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A2246 • 2026

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

Housing
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Speight, Shanique
Last action
2026-01-13
Official status
Introduced, Referred to Assembly Housing Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund." Topic: Housing Fiscal note: This bill has not been certified by OLS for a fiscal note.

What This Bill Does

  • Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund." Topic: Housing Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-01-13 New Jersey Legislature

    Introduced, Referred to Assembly Housing Committee

Official Summary Text

Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."
Topic:
Housing
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
A2246

ASSEMBLY, No. 2246

STATE OF NEW JERSEY

222nd LEGISLATURE

�

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblywoman SHANIQUE SPEIGHT

District 29 (Essex and Hudson)

Co-Sponsored by:

Assemblyman Danielsen

SYNOPSIS

���� Appropriates $125 million for creation of affordable
housing to restore diversions from "New Jersey Affordable Housing Trust
Fund."

CURRENT VERSION OF TEXT

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

��

An Act

concerning funding for affordable housing and
making an appropriation.

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

���� 1.� There is appropriated from
the General Fund $125,000,000 to the "New Jersey Affordable Housing Trust
Fund," for the purpose of awarding grants and loans for housing projects
and programs in municipalities for which fair share plans and housing elements
have obtained compliance certification, and for other purposes authorized
pursuant to section 20 of P.L.1985, c.222 (C.52:27D-320).�

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

STATEMENT

���� This bill appropriates $125
million for creation of affordable housing to restore budget diversions from "New
Jersey Affordable Housing Trust Fund" (NJAHTF).� The bill restores the
approximate amount of funding diverted from the NJAHTF through the State Fiscal
Year 2026 Appropriations Act.�

���� The monies appropriated by
this bill are to be used for the purposes of awarding grants and loans for
housing projects and programs in municipalities for which fair share plans and
housing elements have obtained compliance certification, and for other purposes
authorized for the NJAHTF.�