A 3586 — Requires State to issue biennial report of unutilized State-owned property and potential for use as affordable housing.*

A3586 1R [First Reprint] ASSEMBLY, No.

GREENWALD District 6 (Burlington and Camden) Assemblywoman  YVONNE LOPEZ District 19 (Middlesex)         SYNOPSIS      Requires DivisionState of Purchase and Property to issue annualbiennial report onof unutilized State-owned property and potential for use as affordable housing.

  CURRENT VERSION OF TEXT      IntroducedAs Pendingreported Technicalby Reviewthe byAssembly LegislativeHousing Counsel.Committee on March 9, 2026, with amendments.

   An Act requiring annual1[annual] biennial1 report on1[on] of unutilized1 State-owned property and 1its1 potential for use as affordable housing, and supplementing chapter1[chapter 18A ofof]1 Title 52 of the Revised Statutes.         Be It Enacted by the Senate and General Assembly of the State of New Jersey:

            1.  The Division1[Division of Purchase and Property in thethe]1 Department of the Treasury shall develop an inventory of all 1unutilized1 real property owned by the State, including property owned by an agency, authority, or other instrumentality of the State.  In1[In consultation with other State entities,entities] Each State entity1, including, but not limited to, the New Jersey Economic Development Authority, the New Jersey Redevelopment Authority, and the New Jersey Housing and Mortgage Finance Agency, 1[the division]1 shall 1[analyze] biennially submit a list of unutilized real property under its jurisdiction to the divisionState House Commission and to the Department of the Treasury.  The State House Commission and the Department of the Treasury shall analyzecollaboratively compile the lists of unutilized real property submitted by State entities and shall undertake an analysis of those properties to indicate1 the feasibility of developing, redeveloping, or renovating the1[the various parcelsparcels] each identified parcel1 of real property owned by the State for use as lowlow-income income and moderatemoderate-income income housing, as defined pursuant to section 4 of P.L.1985, c.222 (C.52:27D-304).  The division1[division] State House Commission and the Department of the Treasury1 shall develop its1[its] their1 inventory and analysis into a report, and shall submit this report to the Governor and, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), to the Legislature, on or before the first day of the 13th month next following the effective date of P.L.   P.L.    , c.    (C.        ) (pending , c.    (C.        ) (pending before the Legislature as this bill).  The report shall be updated and resubmitted to the Governor and Legislature on an1[an annualannual] a biennial1 basis after the initial submission.  Following the1[the annualannual] each biennial1 submission of the report to the Governor and Legislature, the director1[director of the divisiondivision] Department of the Treasury1 shall post the report on the division’s1[division’s] department’s1 Internet website.

           1As 2. used Thisin actthis shallsection, take“unutilized effectproperty” immediately.means a parcel of real property that is owned by the State, and which parcel:

 does  not STATEMENTactively  provide     employee Thishousing, billis wouldnot requireactively thegenerating Divisionrevenue offor Purchase and Property in the Department of the Treasury to develop an inventory of all real property owned by the State.  In consultation with other State entitiesthrough witha expertiselease in housing development, the bill requires the division to analyze the feasibility of developing, redeveloping, or renovatingother theagreement, various parcels of real property owned by the State for use as low and moderateis incomenot housing. actively Theserving bill requires the division to develop its inventory and analysis into a report,legitimate andpublic submitpurpose.1 this  report to the Governor and Legislature, on or before the first day of the 13th month following the bill’s effective date.  The bill requires the report to be updated and resubmitted to the Governor and Legislature on an annual basis.  Following each annual submission, the bill requires the director of the division to post the report on the division’s Internet website      The2.  billThis wouldact shall take effect immediately.