The bill amends Section 19 of P.L.1975, c.291 (C.40:55D-28) to enhance the requirements for municipal master plans in New Jersey, particularly focusing on the housing plan element. It introduces a detailed housing plan element that must assess the need for housing, including affordable options, and outline strategies for their provision. This element is required to include an analysis of the existing housing inventory, future housing projections, demographic characteristics, and an evaluation of local economic factors affecting housing supply. Additionally, the bill mandates a climate change-related hazard vulnerability assessment and a strategy statement addressing smart growth and storm resiliency.

Furthermore, the bill clarifies the relationship between the land use plan element and the housing plan element, ensuring they work in conjunction. It requires the land use plan to describe its relationship to the housing plan and include adopted redevelopment plans for areas identified for redevelopment or rehabilitation, along with the status of ongoing projects. The bill also reallocates certain factors from section 10 of P.L.1985, c.222 (C.52:27D-310) to clarify municipal obligations regarding the housing plan element, thereby enhancing the integration of housing needs into municipal planning processes.

Statutes affected:
Introduced: 40:55D-28, 52:27D-304, 52:27D-310