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

Current through Register Vol. 56, No. 14, July 15, 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.