This bill proposes to waive the inspection fees for the first inspection of municipally owned affordable housing developments under the Hotel and Multiple Dwelling Law, specifically for those buildings where every unit is designated as very low-income, low-income, or moderate-income housing. The new legal language states that "the commissioner shall waive the inspection fee for the first inspection conducted... with respect to a multiple dwelling which is owned by a municipality or an agency or instrumentality thereof." This initiative aims to alleviate financial burdens on municipalities and property taxpayers involved in the development of affordable housing.

The bill is designed to support the production of affordable housing by reducing costs associated with mandatory inspections. By exempting these specific properties from initial inspection fees, the legislation seeks to encourage municipalities to invest in affordable housing projects, ultimately benefiting low-income residents. The act is set to take effect immediately and will be retroactive to January 1, 2017, ensuring that any applicable developments since that date can benefit from the fee waiver.

Statutes affected:
Introduced: 55:13A-13