Revises permitting thresholds for certain types of development requiring CAFRA permit from DEP.

This bill modifies New Jersey's Coastal Area Facility Review Act (CAFRA) by adjusting permitting thresholds for coastal development requiring approval from the Department of Environmental Protection (DEP). It expands the definition of "qualifying municipalities" to include cities of the fourth class ranked in the top 2% of the state's 2020 Municipal Revitalization Index, adding them to existing categories (cities over 30,000 population or specific revitalization zones). Development beyond 500 feet from the waterline in these municipalities now requires a CAFRA permit if it would create residential projects with 75+ units, commercial spaces with 150+ parking spots, or industrial/public projects. This change specifically affects developers planning large-scale projects in designated revitalization cities, while maintaining existing thresholds for other coastal zones.