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

Kenneth E. Kobylowski,
Commissioner of Banking and Insurance
Represented by: Christopher Hughes

Richard E. Constable, III,
Commissioner of Community Affairs
Represented by: James Requa

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

Andrew P. Sidamon-Eristoff,
State Treasurer
Represented by: Dr. Charles Steindel

Nelson Dittmar, Jr.
President, ANJEC Board of Trustees
Represented by: Sandy Batty

Bob Martin
Commissioner of Environmental Protection
Represented by: Elizabeth Semple

James Giamarese
President, State Board of Agriculture

James S. Simpson, Commissioner of Transportation
Represented by: James B. Lewis

Public Member:
Vacant

 

Meeting Minutes

February 8, 2013 AGENDA  
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

Fiscal

TDR Bank Board Administrative Budget

TDR Bank Board Financial Report

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