Requires green building standards and impact studies for carbon, traffic, storm water, and schools for certain affordable housing development.

This bill requires developers of new affordable housing projects (10+ units or 4+ stories) to meet LEED Silver or equivalent green building standards. It also mandates that these developers submit four impact studies to local municipalities before construction: traffic, school, storm water, and carbon (if clearing over one acre of land). The requirements apply to "inclusionary developments" as defined under existing law and do not affect projects with applications submitted before the bill's effective date. The bill directs the Commissioner of Community Affairs to adopt implementing rules within eight months of enactment.