A4766

Removes exemption from fair share housing obligation for urban aid municipalities.

This bill removes the exemption from fair share housing obligation for urban aid municipalities in future rounds of affordable housing obligations. Currently, urban aid municipalities are exempt from fair share housing obligations if they meet certain criteria. This bill eliminates that exemption, meaning these municipalities will have to contribute to affordable housing efforts. The bill also includes provisions for the collection and expenditure of development fees by municipalities, ensuring they are used for approved affordable housing activities.