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

 

Edward D. Wengryn, Chairperson
Secretary of Agriculture
Alternate: Tameko Webster

 

Susan Ochs, Acting Commissioner
Commissioner of Banking and Insurance
Designee: Dewayne Tolbert
Jacquelyn A. Suarez,
Commissioner of Community Affairs
Current Designee: Gina Fischetti		 Thomas Wright, Chairman 
State Planning Commission
Designee: Walter Lane, Executive Director
Honorable Aaron Binder, State Treasurer
Department of Treasury 
Current Designee: Peter Lowicki		 Jennifer Coffey, Executive Director
ANJEC Board of Trustees
Alternate: Randi Rothmel
Ed Potosnak,
Commissioner of Environmental Protection
Current Designee: Nicholas Angarone		 Robert Blew, Current Designee
State Board of Agriculture 
Alternate: Joel Viereck

Priya Jain, 
Commissioner of Transportation
Current Designee: Thomas Houck

1st Alternate Designee: Elise Bremer-Nei
2nd Alternate Designee: Hailey Anilonis

 Public Member: Vacant

 
Meeting Minutes

October 5, 2026 AGENDA
October 9, 2025 MINUTES 
October 12, 2021 MINUTES
October 12, 2016 MINUTES
September 8, 2015 MINUTES
October 10, 2013 MINUTES
February 8, 2013 MINUTES
September 19, 2011 MINUTES
March 7, 2011 MINUTES
November 22, 2010 MINUTES

 
Reference

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

Appraisal Guidelines