Located in, but not of, the State Agriculture Development Committee, the State TDR Bank functions under the direction of a 10-member board of directors. Under their guidance the major tasks of the State TDR Bank include:

  • The purchase, or provision of matching grants for the purchase, of 80 percent of the value of development potential from properties within designated TDR sending areas;
  • The provision of a financial guarantee with respect to any loan secured using development potential as collateral;
  • The provision of planning assistance grants to municipalities to help cover the cost of preparing the planning documents required to enact viable TDR ordinances;
  • Service as a development transfer bank for any municipality that has adopted a development transfer ordinance, or any county in which at least one municipality has adopted a development transfer ordinance; and
  • The establishment and maintenance of a Development Potential Transfer Registry to record all development potential transfers.

Members

Douglas H. Fisher, Chairperson
Secretary of Agriculture
Alternate: Monique Purcell

Marlene Caride,
Commissioner of Banking and Insurance
Represented by:

Lt. Governor Sheila Y. Oliver,
Commissioner of Community Affairs
Represented by: 

Edward J. McKenna, Jr. 
Chair, State Planning Commission
Represented by: 

Elizabeth Maher Muoio,
State Treasurer
Represented by:

Nancy Tindall
President, ANJEC Board of Trustees
Represented by:

Catherine R. McCabe,
Commissioner of Environmental Protection
Represented by: 

 Mitchell Jones
President, State Board of Agriculture

Diane Gutierrez-Scaccetti,
Commissioner of Transportation
Represented by:

 Public Member:
Vacant
Meeting Minutes

October 12, 2016

AGENDA

 MINUTES
September 8, 2015

AGENDA

 MINUTES
October 21, 2014 AGENDA MINUTES
October 10, 2013 AGENDA MINUTES
February 8, 2013 AGENDA  MINUTES
September 19, 2011 AGENDA MINUTES
March 7, 2011 AGENDA MINUTES

November 22, 2010

 AGENDA MINUTES
Reference

NJ State TDR Bank Regulations (N.J.A.C. 2:77)

Appraisal Guidelines