New Jersey’s new zoning laws could affect zillow’s investors, according to a state attorney general
New Jersey has passed new zoning rules for housing and development that could affect the company’s investments and employees.
The legislation passed Monday by the state Senate requires developers to have zoning permits to build on at least 1.2 acres of land within the state, the New York Times reported.
New Jersey is among a handful of states that have passed legislation that would allow zoning restrictions on developers.
The measure is part of a broader effort by state lawmakers to regulate the growth of the booming real estate market in the state.