Reduces term of affordability required for affordable housing created through middle housing construction or conversion.

This bill (A-1206) shortens the required affordability period for middle housing developments in New Jersey. It directly affects developers constructing or converting properties to provide housing for moderate-income households (earning 50-80% of the area median income) and low-income households (≤50% of median income). The key change modifies existing law to reduce how long these housing units must remain affordable to qualifying income groups before they can transition to market-rate status. This policy adjustment aims to ease financial constraints for developers while maintaining affordability requirements for target households. The bill is currently pending in the Assembly Housing Committee.