A3337 — Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation.

A3337 — Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation. · Informed CitizenryThe bill amends existing law to authorize municipalities to grant tax exemptions and negotiate payments in lieu of taxation for housing projects and programs supported by the State or municipal aff…Open in Informed Citizenry