45:22A-46.1 - Findings, declarations relative to age-restricted communities - New Jersey Statutes

45:22A-46.1  Findings, declarations relative to age-restricted communities.

1.The Legislature finds and declares:

a.Age-restricted communities are one of the fastest growing types of developments in the nation and in the State;

b.Age-restrictions violate federal laws against discrimination in housing, unless certain exceptions are met for age-restricted communities as authorized by federal law;

c.Homeowners' associations which manage the property in age-restricted communities currently have no methods by which to ensure that the exceptions to federal anti-discrimination provisions will be maintained upon the resales of units in such communities; and

d.It is necessary and in the public interest for the Legislature to create a method of ensuring compliance by age-restricted communities with federal law.

L.2008, c.71, s.1.