NJ Bill Would Extend Deadline For RE Incentive Program

Law360, New York (February 25, 2014, 6:01 PM EST) -- New Jersey lawmakers on Monday introduced legislation that would amend the Economic Opportunity Act of 2013 to give qualified residential projects under a key redevelopment incentive program three more years to submit local occupancy approvals, contending the current deadline is too restrictive.

The bipartisan law that Gov. Chris Christie signed in September set a July 28, 2015, date for developers of residential projects approved for tax credits through the Economic Redevelopment and Growth Grant Program to provide temporary certificates of occupancy, which are issued by local...
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