Establishes additional factors for municipal adjustment used in calculating fair share affordable housing obligations; provides population-based cap for these obligations.

This bill changes how New Jersey municipalities calculate their affordable housing requirements. It adds specific factors for adjusting these requirements, including population size, water and sewer capacity, school class sizes, public safety services, and transportation impacts. The bill also establishes a population-based cap, limiting affordable housing obligations to no more than a 5% increase in municipal population over a 10-year period. This applies to all municipalities required to meet fair share affordable housing obligations under state law, aiming to balance housing needs with local service capacity.