Allows municipalities to establish affordable housing preference for their residents.

This bill allows New Jersey municipalities to establish preferences for low- and moderate-income residents when allocating affordable housing units in new developments. Specifically, it permits municipalities to create a 50% preference for veterans who served in wartime or emergencies for affordable units, granting them priority during the first 90 days of a 120-day marketing period. The preference applies to units designated as affordable under municipal housing plans, with veterans placed on a special waiting list if units remain available after the initial period. This change directly affects veterans seeking affordable housing and gives municipalities new tools to implement housing preferences.