Permits municipality to obtain affordable housing credit for each resident of alternative living arrangement.

This bill (S 393) allows New Jersey municipalities to earn one affordable housing credit for each low- and moderate-income resident living in an "alternative living arrangement" to meet their fair share housing obligation. Alternative living arrangements include shared housing like transitional homeless facilities, boarding homes, group homes for people with disabilities, and residential health care facilities, where residents share kitchens, plumbing, and common areas. The bill requires affordability controls on these arrangements to remain in effect for at least 10 years. This policy change directly affects municipalities seeking to fulfill housing requirements and residents in qualifying shared housing settings.