Following a conditional veto, on June 24th, Governor Phil Murphy signed A5000 into law.
A5000 orders the Department of Community Affairs to create a statewide database of all homes under foreclosure as a tracking system so state officials can observe larger trends and target services to those in need.
Please click here for text of the new legislation.
For a report from WHYY, please click here.
Land Bank Law
S1214 was signed by Governor Murphy on July 11th.
The New Jersey Land Bank Law, which will allow New Jersey towns and cities to designate a land bank entity to obtain vacant, abandoned, and neglected properties for productive reuse purposes.
This new law received significant press coverage. For some of the reports please see below links.
To view the Governor’s press release, please click here.
Please click here for the text of the new legislation.