New Jersey 2026-2027 Regular Session

New Jersey Senate Bill S1816

Introduced
1/13/26  

Caption

Requires Division of Purchase and Property to issue annual report on State-owned underutilized real property with potential for other uses.

Impact

If enacted, the legislation will require a comprehensive annual report from the Division of Purchase and Property detailing the state-owned properties identified as underutilized. This report will inform state agencies and the Legislature about opportunities to repurpose these properties, ultimately promoting economic development and social welfare by strategically converting assets to meet community needs. The structured approach to land use management could influence local policy decisions and promote coordinated efforts across government agencies in addressing housing shortages and other public service needs.

Summary

Senate Bill S1816 mandates the Division of Purchase and Property within New Jersey's Department of the Treasury to inventory all underutilized real properties owned by the state. This bill aims to assess these properties' potential for redevelopment for uses like low-income housing, shelters for the homeless, and health services for individuals and families with moderate incomes. The bill intends to address the dual challenges of managing state-owned assets efficiently while also providing social services and housing solutions.

Contention

A potential point of contention surrounding S1816 could involve debates about the feasibility of redevelopment projects proposed in the report. Stakeholders might have differing views on prioritizing property use for various social initiatives, especially in politically diverse constituencies. Furthermore, the bill sets forth a requirement for compliance with existing land use regulations, which may lead to disagreements among municipal officials, state agencies, and residents, where perspectives on community development diverge.

Companion Bills

NJ S4125

Carry Over Requires Division of Purchase and Property to issue annual report on State-owned underutilized real property with potential for other uses.

Similar Bills

CA SB1352

Property taxation: newly constructed: reconstructed property.

CA AB245

Property taxation: application of base year value: disaster relief.

CA SB1053

Property taxation: transfer of base year value: disaster relief.

HI HB1398

Relating To Property.

HI HB1398

Relating To Property.

CA SB603

An act to amend Section 69 of the Revenue and Taxation Code, relating to taxation, to take effect immediately, tax levy.

TX HB2011

Relating to the right to repurchase from a condemning entity certain real property for which ad valorem taxes are delinquent.