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

This bill (S 2086) changes how New Jersey municipalities calculate their affordable housing obligations under the Fair Housing Act. It adds new factors to consider when determining each municipality's required housing units and sets a population-based cap on these obligations. The bill directly affects all New Jersey municipalities with housing obligations, requiring them to use updated calculation methods. Key provisions include modifying the formula for determining "fair share" obligations while maintaining the requirement to provide housing for low- and moderate-income households. The changes aim to adjust obligations based on population shifts and regional needs.