Title 55, Title 55: TENEMENT HOUSES AND PUBLIC HOUSING

55:14K-98 Entry into contracts, loans. 5. a. (1) The agency may enter into contracts or loans, or both, with one or more foreclosure intervention contractors to negotiate, bid for, and purchase eligible properties and mortgage assets for the purpose of facilitating the program. I…

55:14K-99 Foreclosure Intervention Fund. 6. a. There is established within the agency a Foreclosure Intervention Fund, which shall be a non-lapsing, revolving fund and which shall be the repository for funds appropriated or otherwise made available for the purposes of P.L.2021, c…

55:14L-1. Findings, declarations 1. The Legislature finds and declares that: a. Many adults living with human immunodeficiency virus (HIV) or who have been diagnosed with acquired immune deficiency syndrome (AIDS) in New Jersey are currently homeless or at risk of homelessness. T…

55:14L-2. Definitions 2. As used in this act, unless a different meaning clearly appears from the context: "Agency" means the New Jersey Housing and Mortgage Finance Agency. "Emancipated minor" means a person who is under 18 years of age, but who has been married, has entered mil…

55:14L-3. "Scattered Site AIDS Permanent Housing Program" established 3. There is established within the agency the "Scattered Site AIDS Permanent Housing Program," a program to provide supportive housing to participants and their immediate families. L.1995,c.75,s.3.

55:14L-4. "Supportive Housing Fund" established 4. There is established within the agency a "Supportive Housing Fund," which shall be a nonlapsing, revolving fund and which shall be the repository for funds appropriated or otherwise made available for the purposes of this act, an…

55:14L-5. Steering committee established 5. There is established within the agency a statewide steering committee for the Scattered Site AIDS Permanent Housing Program. The committee shall be comprised of representatives of: the agency, the Department of Health, the Department of…

55:17-1. Continuation of lease or financial arrangement on default or foreclosure of mortgage loan Any lease or financial arrangement made by any governmental body or agency of this State pursuant to statute in connection with a project for redevelopment, renewal or rehabilitatio…

55:17-10. Liberal construction The provisions of this act shall be liberally construed in order that holders of mortgage loans on projects may rely, in the event of a default of foreclosure, upon the continuation of terms and provisions of the lease or financial arrangements eval…

55:17-11. Application The provisions shall apply to all mortgages executed and delivered on and after the effective date of this act, and, to the extent that it may be fairly and feasibly applied to mortgages heretofore made, shall be applicable thereto. L.1967, c. 304, s. 11, ef…

55:17-2. Records by holder of mortgage loan In the event of any default or foreclosure in respect to a project coming within this act, the holder of the mortgage loan shall establish a set of records, separate and distinct from those pertaining to its usual business or operations…

55:17-3. Project and financial records equivalent to person or entity entering into lease or financial arrangement for continuation purposes; administration of project arrangements; summary proceedings The project and the financial records herein provided for shall be considered …

55:17-4. Establishment and maintenance of financial records and data The financial records and data in respect to the administration of the project after default or foreclosure shall be so established and maintained as to permit the application of the terms of the lease or financ…

55:17-5. Nature, identity or status of person with whom lease or financial agreement may be made Limiting and restrictive provisions of any statute otherwise applicable, in respect to the nature, identity or status of any person with whom a lease or financial agreement may be law…

55:17-6. Modifying or supplementing mortgage loan; written consent of holder So long as any mortgage loan remains unsatisfied in respect to any project, no agreement shall be made between the governmental body or agency on any lease or financial agreement and the other party ther…

55:17-7. Notice of default to holder In the event of any default in connection with the terms and provisions of any lease or financial arrangement affecting a project, the governmental body or agency shall not take any steps it may otherwise be entitled to take, until it has firs…

55:17-8. Remedies to holder of mortgage loan In order to provide additional and supplemental remedies to the holder of a mortgage loan on a project, which remedies are deemed necessary and appropriate to the feasibility of making private funds available to finance a project, the …

55:17-9. Definitions For the purposes of this act, the following terms shall have the designated meanings: (a) "Lease or financial agreement" means any contractual arrangement between a governmental body or agency and some other person, pursuant to applicable statute, which is ca…

55:18-1. Definitions As used in this act: a. "Dwelling unit" means a room or connected rooms within a residential structure forming a self-contained area within that structure and adapted to provide permanent living accommodations for a person or family, including the availabilit…

55:18-10. Rules and regulations The Commissioner of the Department of Community Affairs shall have the power to adopt, amend, revise and repeal rules and regulations to promote implementation of the provisions of this act. L.1983, c. 335, s. 10, eff. Sept. 2, 1983.

55:18-2. Title in municipality to realty with residential or nonresidential structure; determinations of feasibility of conversion or rehabilitation; authorization to lease and subordinate interest to mortgage When a municipality holds title to any lot, parcel, or tract of real p…

55:18-3. Qualifications of prospective lessee Before any lease is entered into under authority of this act the prospective lessee shall demonstrate to the satisfaction of the municipal governing body: (1) Its financial capacity to undertake the proposed conversion, maintenance an…

55:18-4. Terms of lease A lease entered into under authority of this act shall specify: a. The term of the lease and the conditions, if any, under which the lessee may be entitled to renewal thereof or to the exercise of an option to purchase the leased property upon expiration, …

55:18-5. Conformance to codes Every structure rehabilitated or converted by a lessee under authority of this act, and every dwelling unit in such structure, shall conform to all applicable codes relating to healthfulness, safety and structural soundness of comparable new construc…

55:18-6. Schedule of rents a. A schedule of rents under subsection e. of section 4 of this act shall provide for total revenue sufficient to meet the necessary operating costs, debt service and other necessary commitments of the lessee over the entire term of the lease, including…

55:18-7. Surcharge on rents for lessee with option to purchase; deposit; disposition a. If at the time of execution of the lease the municipality offers the lessee an option to purchase the property during, or at the expiration of, the lease, and if the lessee records in the leas…

55:18-8. Expiration of lease; disposition of property Upon expiration of a lease entered into under authority of this act: a. If the lessee exercises an option to purchase, the municipality shall be entitled to the fair market value of the property and structure, as determined at…

55:18-9. Waiver of requirements by municipality; conditions In order to avoid redundant or conflicting regulation, the municipal governing body may waive any requirement pursuant to the provisions of this act upon finding that the requirements for a federal or State program for p…

55:19-1. Short title This act shall be known and may be cited as the "New Jersey Urban Development Corporation Act." L. 1985, c. 227, s. 1, eff. July 8, 1985.

55:19-10. Subsidiary stock issuance Any subsidiary, upon authorization by the corporation, may issue its stock and employ the proceeds of such sales for capital investment in, or other expenses in connection with, the projects of the subsidiary. L. 1985, c. 227, s. 10, eff. July …

55:19-100 Municipal recourse with respect to lien. 23. With respect to any lien placed against any real property pursuant to the provisions of section 1 or section 3 of P.L.1942, c.112 (C.40:48-2.3 or C.40:48-2.5) or section 1 of P.L.1989, c.91 (C.40:48-2.3a) or any receiver's li…

55:19-101 Special tax sales; notice. 24. Municipalities may hold special tax sales with respect to those properties eligible for tax sale pursuant to R.S.54:5-19 which are also on an abandoned property list established by the municipality pursuant to section 36 of P.L.1996, c.62 …

55:19-102. Establishment of fair market value of property 25. With respect to any eminent domain proceeding carried out under section 37 of P.L.1996, c.62 (C.55:19-56), the fair market value of the property shall be established on the basis of an analysis which determines indepen…

55:19-103. Removal from abandoned property list; conditions 29. If a property, which an entity other than the municipality has purchased or taken assignment from the municipality of a tax sale certificate, is placed on the abandoned property list, the property shall be removed fr…

55:19-104. Creation of abandoned property list; initiative procedure 30. The voters of any municipality which has not adopted an ordinance directing the public officer to create an abandoned property list pursuant to section 36 of P.L.1996, c.62 (C.55:19-55) within one year after…

55:19-105. Request for inclusion of property on abandoned property list 31. a. Any interested party may submit in writing a request to the public officer that a property be included on the abandoned property list prepared pursuant to section 36 of P.L.1996, c.62 (C.55:19-55), spe…

55:19-106 Findings, declarations relative to discontinuation of certain utility service from abandoned properties. 1. The Legislature finds and declares that: a. Abandoned properties raise significant concerns for communities where they are located, including fostering criminal a…

55:19-107 Access to abandoned property by utility, conditions. 3. A utility may take all necessary steps to enter the premises of, discontinue utility service to, and remove utility equipment from, any property listed on an abandoned property list established pursuant to section …

55:19-11. Self-dealing prohibition a. No director, officer, agent or employee of the corporation or of any of the corporation's subsidiaries shall take any official action on any matter in which he has a direct or indirect financial interest, except that the ownership of, or tena…

55:19-12. Authorized investment Any public or private agency, organization, corporation, or association which is not legally barred from investing in the bonds or stock of the New Jersey Housing and Mortgage Finance Agency or any of its subsidiary corporations may lawfully invest…

55:19-13. Employment tax credit Any person, firm or corporation actively engaged in the conduct of business at a location within a project, as defined in this act, which is subject to the provisions of the "Corporation Business Tax Act (1945)," P.L. 1945, c. 162 (C.54:10A-1 et se…

55:19-14. No eminent domain; municipal regulation a. Neither the corporation nor any of its subsidiaries is authorized to acquire property by right of eminent domain. b. Neither the corporation nor any of its subsidiaries shall undertake, or provide financial or other assistance …

55:19-15. Prevailing wage rate Any builder, contractor or subcontractor engaged upon a project within the meaning of this act, and any person, firm or corporation managing or operating such a project, including the corporation and its subsidiaries, shall pay the workmen employed …

55:19-16. Annual report; strategy document a. On or before the last day of March in each year, the board of directors of the corporation shall make an annual report of its activities for the preceding calendar year to the Governor and the Legislature. The report shall set forth a…

55:19-17. Urban Development Investment Fund created 16. a. There is hereby created the Urban Development Investment Fund, into which shall be paid: (1) Funds appropriated by section 17 of this act; (2) Repayments of loans or other payments received by the corporation pursuant to …

55:19-18. Appropriation from bond fund a. There is appropriated to the Urban Development Investment Fund from the Community Development Bond Fund created by the "Community Development Bond Act of 1982" (P.L. 1981, c. 486) the sum of $30,000,000.00 for the purposes of this act, in…