Requires municipalities in compliance with affordable housing obligations be provided priority consideration for certain State grants and assistance.

This bill requires New Jersey's Department of Community Affairs (DCA) and Economic Development Authority (EDA) to give priority consideration to municipalities that meet their affordable housing requirements when awarding competitive state grants and financial assistance. Specifically, it applies to programs like the Main Street New Jersey Program and Neighborhood Preservation Program, but excludes grants intended to help municipalities fulfill their housing obligations. Municipalities are deemed compliant if they meet their fair share housing requirements under state law, with compliance determined by the DCA using factors like prior housing fulfillment rates and settlement agreements during the first five years of a new housing obligation cycle. The law takes effect immediately upon enactment.