Dedicates 50 percent of revenues collected from additional fees and taxes imposed on real property transfers valued over $1 million to Affordable Housing Trust Fund.

This bill redirects 50% of revenue from taxes and fees on real estate sales exceeding $1 million to New Jersey's Affordable Housing Trust Fund. Currently, these funds go to the General Fund, but the bill specifies they must instead support affordable housing programs. It directly affects sellers of high-value residential, commercial, farm, or cooperative properties (over $1 million) and the housing fund's funding stream. The key mechanism is an annual deposit of half the collected revenue from two existing taxes: the additional fee on property transfers and the controlling interest transfer tax. This changes how existing revenue is allocated, without creating new taxes or altering property sale thresholds.