The recently signed law overhauling the state’s affordable housing policy included various deadlines for different reporting requirements imposed on municipalities. One reporting requirement is for any municipality that is or has been authorized to retain and expend non-residential development fees to provide the Department of Community Affairs (DCA) with a detailed accounting of all such fees that have been collected and expended since the inception of the municipal authorization to collect those fees.
Municipalities are required to provide this accounting to the DCA by June 18, 2024, and then by February 15 of each year thereafter. Municipal officials should be aware of this deadline.
Contact: Frank Marshall, Esq., Associate General Counsel, fmarshall@njlm.org, 609-695-3481, x137.