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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