The bill amends New Jersey's "Fair Housing Act" to enhance the framework for municipalities in meeting their affordable housing obligations, particularly in light of the New Jersey Supreme Court's Mount Laurel decisions. It abolishes the ineffective Council on Affordable Housing and allows municipalities to determine their fair share obligations using new formulas. The legislation introduces a mechanism for municipalities to gain immunity from exclusionary zoning litigation if they comply with deadlines for adopting housing elements and fair share plans. Additionally, it emphasizes the need for age-restricted housing and encourages the development of affordable housing in urban areas while streamlining compliance processes to reduce costs and delays.

Key provisions include the establishment of an Affordable Housing Dispute Resolution Program to address compliance issues, the introduction of a land capacity factor for assessing development potential, and amendments to foreclosure processes to protect residential mortgage debtors. The bill also mandates municipalities to provide detailed accounting of non-residential development fees and outlines penalties for non-compliance. Furthermore, it specifies that municipalities must reserve a minimum percentage of units for low- and moderate-income households and establishes the "New Jersey Affordable Housing Trust Fund" to support various affordable housing initiatives. Overall, the bill aims to strengthen New Jersey's affordable housing policies and ensure municipalities take proactive steps to meet their housing obligations.

Statutes affected:
Introduced: 52:27D-302, 52:27D-304, 52:27D-313, 2A:50-56, 5:18-2, 13:20-23, 17:11C-55, 39:4-10.2, 40:55D-8.2, 40:55D-8.3, 40:55D-8.4, 40:55D-8.5, 40:55D-8.7, 40:55D-8.8, 40:55D-40.3, 40A:12A-3, 40A:12A-16, 52:27D-310, 52:27D-310.1, 52:27D-311, 52:27D-320, 52:27D-321, 52:27D-321.1, 52:27D-329.1, 52:27D-329.2, 52:27D-329.4, 52:27D-329.9, 55:14K-56, 55:14K-60, 55:14K-74
Advance Law: 52:27D-302, 52:27D-304, 52:27D-313, 2A:50-56, 5:18-2, 13:20-23, 17:11C-55, 39:4-10.2, 40:55D-8.2, 40:55D-8.3, 40:55D-8.4, 40:55D-8.5, 40:55D-8.7, 40:55D-8.8, 40:55D-40.3, 40A:12A-3, 40A:12A-16, 52:27D-310, 52:27D-310.1, 52:27D-311, 52:27D-320, 52:27D-321, 52:27D-321.1, 52:27D-329.1, 52:27D-329.2, 52:27D-329.4, 52:27D-329.9, 55:14K-56, 55:14K-60, 55:14K-74
Pamphlet Law: 52:27D-302, 52:27D-304, 52:27D-313, 2A:50-56, 5:18-2, 13:20-23, 17:11C-55, 39:4-10.2, 40:55D-8.2, 40:55D-8.3, 40:55D-8.4, 40:55D-8.5, 40:55D-8.7, 40:55D-8.8, 40:55D-40.3, 40A:12A-3, 40A:12A-16, 52:27D-310, 52:27D-310.1, 52:27D-311, 52:27D-320, 52:27D-321, 52:27D-321.1, 52:27D-329.1, 52:27D-329.2, 52:27D-329.4, 52:27D-329.9, 55:14K-56, 55:14K-60, 55:14K-74