Clarifies requirements for land use and housing plan elements of municipal master plans.

The bill modifies the requirements for the preparation and adoption of a municipal master plan in New Jersey. It mandates that a municipal master plan must include a housing plan element designed to evaluate and establish a plan for providing housing, with a focus on affordable housing. The housing plan element must include an inventory of the municipality's housing stock, a projection of the housing stock for the next 10 years, an analysis of the existing and projected population, and an evaluation of the municipality's fair share for low- and moderate-income housing.

Clarifies requirements for land use and housing plan elements of municipal master plans.

The bill modifies the requirements for the preparation and adoption of a municipal master plan in New Jersey. It mandates that a municipal master plan must include a housing plan element designed to evaluate and establish a plan for providing housing, with a focus on affordable housing. The housing plan element must include an inventory of the municipality's housing stock, a projection of the housing stock for the next 10 years, an analysis of the existing and projected population, and an evaluation of the municipality's fair share for low- and moderate-income housing.