Permits fair share affordable housing bonus credit for certain housing reserved for occupancy by teachers.

This bill allows New Jersey municipalities to earn extra credit toward their affordable housing requirements by reserving units for low- or moderate-income teachers. Specifically, each housing unit reserved for a teacher household earns one full credit plus half a bonus credit. The bill defines "teacher" broadly as anyone employed to teach pre-K through 12th grade in public or private schools. It takes effect immediately upon enactment.