Establishing veterans' affordable housing preference; authorizing bonus fair share credit for veterans' affordable housing.

This bill (S 1600) requires New Jersey municipalities to give veterans with qualifying military service (including wartime or emergency duty) priority access to 50% of affordable housing units in new developments. It mandates that veterans applying within 90 days of initial marketing receive preference for these units, followed by a special waiting list for remaining vacancies. After the initial 120-day marketing period, veterans on the special list get priority when units become available, ensuring the 50% preference rate is maintained. The policy applies to both rental and ownership affordable housing units and does not affect municipalities' ability to claim credit for these units toward their housing obligations.