New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 47 - NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT
Subchapter 3 - NEIGHBORHOOD REVITALIZATION PLAN
Section 5:47-3.4 - Scope of neighborhood revitalization plan
Universal Citation: NJ Admin Code 5:47-3.4
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The neighborhood revitalization plan shall cover a two-to 10-year period. Plans that cover a minimum of five years are encouraged.
(b) The plan shall include, but need not be limited to, the following elements:
1. A
description of the neighborhood, including the documentation required under
5:47-3.2. This shall include one or
more legible maps of the city and of the neighborhood identifying features in
the neighborhood and surrounding area relevant to the neighborhood
revitalization effort;
2. A
narrative description of neighborhood conditions, including statistical and
other information about the neighborhood, adequate to establish the need for
neighborhood revitalization, and the relationship between the existing
conditions of the neighborhood and the proposed strategies, which shall, to the
extent reasonably feasible, include indicators related to measurable targets
that may be included in (b)5 below;
3. A concept of the future of the
neighborhood for the time period covered by the plan, which shall set forth the
overall goals of the proposed revitalization effort as well as specific goals
with respect to specific areas such as improvement of housing conditions,
increased number of jobs, participation rates in pre-school education,
etc.;
4. A description of the
strategies to be followed to foster preservation and revitalization of the
neighborhood, including a statement of the rationale for each strategy in the
framework of the overall revitalization effort;
5. A description of the activities to be
followed to carry out each strategy that is identified under (b)4 above,
including, where feasible, measurable targets for achievement of revitalization
objectives associated with each activity. The description of activities shall
include, but need not be limited to, specific activities to foster housing
improvement and economic development in the neighborhood and to benefit
neighborhood residents;
6. A
description of the estimated financial requirements projected to carry out the
activities described under (b)5 above, the type and conditions of financing
required (grant, recoverable grant, loan, etc.), and identification of
potential sources, to the extent realistically feasible, for the financial
requirements projected;
7. A
timetable for the conduct of the activities described under (b)5 above,
including, to the extent realistically feasible, benchmarks for measuring
progress of the activities making up the neighborhood revitalization
effort;
8. A description of any
official plans governing the neighborhood, in particular, redevelopment plans
adopted pursuant to the Local Redevelopment and Housing Law, P.L. 1992, c.79
(40A:12A-1 et seq.) and currently
being implemented; or any State-approved neighborhood empowerment plan pursuant
to section 49 of
P.L.
1996, c. 62
(55:19-64) , and appropriate
documentation to show that the proposed neighborhood preservation and
revitalization plan is not inconsistent with those plans. If the municipality
asserts that the plan is inconsistent with existing plans, the entity
submitting the plan shall be permitted to submit evidence to the contrary for
the Department's review; and
9.
With respect to any provisions of a plan upon which the municipal governing
body or planning board have taken official action and which includes provisions
governing land use within the scope of the Municipal Land Use Law, P.L. 1975,
c.291, documentation shall be provided by the municipality that such provision
of the plan comply with all of the requirements of the Municipal Land Use Law.
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