Restricts certain affordable housing eligibility to certain State residents and certain individuals with employment history in the State.

This bill restricts eligibility for new affordable housing units and the state's rental assistance program to households where at least one member has either lived in New Jersey for two consecutive years or worked in the state 35+ hours per week for two consecutive years. It applies to new contractual guarantees or deed restrictions for low/moderate-income housing and updates the state rental assistance program to require these same residency or work history criteria. The key mechanism requires housing providers and the state program to verify these specific residency or employment requirements at the time of application. This affects new affordable housing developments and applicants for state rental aid, but does not change existing housing or programs.