Requires State to annually compensate certain municipalities for costs related to obligations for development of low- and moderate-income housing units.

This bill requires New Jersey to annually pay municipalities $75,000 for each low- or moderate-income housing unit they commit to providing, as certified through their housing plans under the Fair Housing Act (P.L.1985, c.222). It directly affects municipalities that comply with state affordable housing obligations, addressing their unfunded infrastructure costs (like roads, schools, and water systems) tied to housing development. Payments are deposited into a dedicated Local Infrastructure and Planning Fund and distributed equally over 10 years per housing obligation round, starting in 2026. Funds can cover infrastructure planning, compliance costs, or operational/capital expenses for public facilities affected by affordable housing projects.