This bill mandates that newly-built affordable housing inclusionary developments consisting of 10 or more units or four or more stories must adhere to green building standards, specifically requiring certification to at least Leadership in Energy and Environmental Design (LEED) silver standards or an equivalent rating system. Additionally, developers must conduct and submit reports on several impact studies, including traffic, school, and storm water impacts, to the relevant municipal authority before submitting their development applications. If the development requires clearing more than one acre of land, a carbon impact study must also be included.

The bill also outlines that the Commissioner of Community Affairs will establish rules and regulations to implement these provisions within eight months of enactment. The law will take effect 13 months after its passage, and it will not apply to any developments for which a complete application is submitted before that effective date.