"New Jersey Transit Villages Act."

The New Jersey Transit Villages Act encourages municipalities to develop compact, mixed-use communities centered around mass transit hubs within a half-mile radius. It requires municipalities to adopt transit village plan elements as amendments to their master plans, including provisions for shared parking, minimum density standards, mixed-use development, and improved pedestrian and bicycle facilities. Municipalities that establish transit villages will receive priority for state transportation funding, tax credits for developers, and expedited permitting, aiming to increase transit ridership, reduce automobile dependency, and provide more affordable housing options.