"Neighborhood Protection and Housing Affordability Act"; prohibits short-term rental of transient accommodations in exclusively residential zones unless authorized by municipality.

This bill prohibits short-term rentals (like Airbnb) in exclusively residential zones unless a municipality specifically authorizes them. It directly affects property owners in residential neighborhoods and gives local governments authority to regulate such rentals through zoning. Municipalities can allow short-term rentals on up to 25% of their land area, but cannot permit them in zones zoned solely for long-term residential use. The law defines "transient accommodations" to exclude hotels, dorms, and leases longer than 90 days, while requiring rentals through platforms like Airbnb to comply with local rules. It aims to preserve housing supply and affordability by limiting short-term conversions of residential units.