Requires developers of residential housing to provide low, moderate, and middle income housing or pay fee.

New Jersey's S 1081 requires developers building 30+ residential units (approved after the bill's effective date) to either reserve specific income-targeted housing units or pay a fee. Developers must set aside 5% for very low-income, 10% for low-income, and 5% each for moderate- and middle-income housing (defined as 80-120% of regional median income). Alternatively, municipalities may accept a fee equal to 30% of project costs (25% for LEED Silver projects), with 50% of fees funding affordable housing and 50% funding community centers. The bill applies to projects meeting density or zoning criteria and mandates 98-year preservation of affordable units.