This bill amends the calculation of municipal affordable housing obligations under the New Jersey Fair Housing Act. It specifies that when a municipality receives an adjustment to its affordable housing obligation, it can rely on this adjusted calculation for the entire 10-year compliance period. This means that if additional land becomes available during this time, municipalities will not be required to recalculate their affordable housing obligations or the means to address them, allowing for more stable and informed planning decisions.

The bill includes new legal language stating that municipalities can depend on the adjusted calculation when addressing their affordable housing obligations and making planning decisions. This provision aims to provide municipalities with certainty in their planning processes, ensuring that they can make decisions based on a fixed number that will not change throughout the compliance period. Overall, the bill seeks to streamline the process for municipalities in managing their affordable housing responsibilities.

Statutes affected:
Introduced: 52:27D-310.1