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A4508
ASSEMBLY, No. 4508
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED MARCH 9, 2026
Sponsored by:
Assemblyman� ALEX SAUICKIE
District 12 (Burlington, Middlesex, Monmouth and Ocean)
Co-Sponsored by:
Assemblyman Scharfenberger
SYNOPSIS
���� Requires Commissioner of Community Affairs to conduct
study quantifying market impact of housing regulations.
CURRENT VERSION OF TEXT
���� As introduced.
��
An Act
requiring a study to assess the market impact of
housing regulations.
����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:
���� 1.��� a.�������� The
Commissioner of Community Affairs, in consultation with other State and local
government agencies and authorities as the commissioner determines necessary,
shall conduct a study quantifying the costs related to housing regulations
promulgated by the Department of Community Affairs and the impacts of the
department�s rules and regulations on the housing market.� In conducting the
study, the commissioner, and any consulting partners, at a minimum, shall:
���� (1)� review all departmental rules
and regulations applicable to newly constructed or restored housing, including
affordable housing, in the State, and identify all of the related regulatory
compliance costs for which developers are liable; and
���� (2)� assess the impact of departmental
housing rules and regulations on the markets for rental and owner-occupied
residential property for tenants and homebuyers; and
���� (3)�� assess the impact of
permitting delays and the effects on the total costs of housing.
���� b.��� On or before the first
day of the ninth month next following the effective date of P.L.��� , c.� ��(pending
before the Legislature as this bill), the Commissioner of Community Affairs shall
submit a report, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), to
the Legislature detailing the findings of the study.
���� 2.��� This act shall take
effect immediately.
STATEMENT
���� This bill requires the
Commissioner of Community Affairs (commissioner) to conduct a study to quantify
the cost of housing regulations promulgated within the Department of Community
Affairs (DCA).
���� This bill requires the commissioner
to conduct a study assessing the impact of DCA housing regulations on the
housing market.� The study, at a minimum, would review all DCA rules and
regulations applicable to residential properties and identify all regulatory
compliance costs for which developers are liable.� Additionally, the study
would assess the impact of DCA housing regulations on the rental and housing
markets for tenants and homebuyers.
���� The study would also require
DCA to assess the impact of permitting delays on the total development cost.� Permitting
delays alone can add significant timelines and costs to the total development
costs.� Lengthy review times may lead to extending deadlines for development,
increasing both time and labor spent on the project development.�
���� Regulatory costs account for a
significant portion of the cost of single-family and multi-family residences.�
For single-family homes, roughly 25 percent of the total cost can be attributed
to regulatory costs.� For multi-family homes, regulatory costs account for
nearly 40 percent of the total development costs.� Changes in building and
energy codes over the last decade have been found to increase housing prices by
thousands of dollars.� Additionally, developers are often responsible for
impact fees and exactions imposed by municipalities, further adding to the
increasing cost of housing regulations.� By studying the impacts of the costs
of housing regulations, this bill would provide information on the overall
housing market in the State and assess what costs are factored into the total
development price for housing.
���� Within nine months after the
effective date of this bill, the commissioner would be required to submit a
report detailing the findings of the study.� This bill would take effect
immediately.