Requires State to issue biennial report of unutilized State-owned property and potential for use as affordable housing.*

A3586 1R

[First Reprint]

ASSEMBLY, No. 3586

STATE OF NEW JERSEY

222nd LEGISLATURE

�

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblyman LOUIS D. GREENWALD

District 6 (Burlington and Camden)

Assemblywoman� YVONNE LOPEZ

District 19 (Middlesex)

SYNOPSIS

����
Requires State to
issue biennial report of unutilized State-owned property and potential for use
as affordable housing.

CURRENT VERSION OF TEXT

���� As reported by the Assembly Housing Committee on
March 9, 2026, with amendments.

��

An Act
requiring
1
[
annual
]

biennial
1
report
1
[
on
]

of unutilized
1

State-owned property and
1
its
1

potential for use as affordable housing, and supplementing
1
[
chapter 18A of
]
1

Title 52 of the Revised Statutes.�

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

�����
1.�
The
1
[
Division of
Purchase and Property in the
]
1

Department of the Treasury shall develop an inventory of all
1
unutilized
1

real property owned by the State, including property owned by an
agency, authority, or other instrumentality of the State.�
1
[
In
consultation with other State entities
]

Each State entity
1
,
including, but not limited to, the New Jersey Economic Development Authority,
the New Jersey Redevelopment Authority, and the New Jersey Housing and Mortgage
Finance Agency,
1
[
the division
]
1

shall
1
[
analyze
]

biennially submit a list of unutilized real
property under its jurisdiction to the State House Commission and to the
Department of the Treasury.� The State House Commission and the Department of
the Treasury shall collaboratively compile the lists of unutilized real
property submitted by State entities and shall undertake an analysis of those
properties to indicate
1

the feasibility of developing, redeveloping, or renovating
1
[
the various
parcels
]

each identified parcel
1
of real
property owned by the State for use as low-income and moderate-income housing,
as defined pursuant to section 4 of P.L.1985, c.222 (C.52:27D-304).� The
1
[
division
]

State House Commission and the Department of the
Treasury
1

shall develop
1
[
its
]

their
1
inventory and analysis
into a report, and shall submit this report to the Governor and, pursuant to
section 2 of P.L.1991, c.164 (C.52:14-19.1), to the Legislature, on or before
the first day of the 13th month next following the effective date of P.L. , c. (C. ) (pending
before the Legislature as this bill).� The report shall be updated and
resubmitted to the Governor and Legislature on
1
[
an annual
]

a biennial
1
basis
after the initial submission.� Following
1
[
the annual
]

each biennial
1

submission of the report to the Governor and Legislature, the
1
[
director of
the division
]

Department of the Treasury
1

shall post the report on the
1
[
division�s
]

department�s
1

Internet website.

�����
1
As
used in this section, �unutilized property� means a parcel of real property
that is owned by the State, and which parcel: does not actively provide
employee housing, is not actively generating revenue for the State through a
lease or other agreement, and is not actively serving a legitimate public
purpose.
1

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