Excludes flood-prone land from affordable housing analysis; caps housing obligation.

New Jersey A4764 excludes flood-prone land from affordable housing vacant land analysis and establishes a housing obligation cap. It prevents municipalities from being required to authorize construction on undeveloped land for non-redevelopment housing projects. The bill also caps the number of units a municipality may allocate as its fair share affordable housing obligation based on the size of the municipal population. The cap is set at an increase of the municipal population by more than five percent.

Excludes flood-prone land from affordable housing analysis; caps housing obligation.

New Jersey A4764 excludes flood-prone land from affordable housing vacant land analysis and establishes a housing obligation cap. It prevents municipalities from being required to authorize construction on undeveloped land for non-redevelopment housing projects. The bill also caps the number of units a municipality may allocate as its fair share affordable housing obligation based on the size of the municipal population. The cap is set at an increase of the municipal population by more than five percent.