Changes earliest date of construction or rehabilitation of housing granted credits without controls.

This bill amends New Jersey law to allow municipalities to count housing units built or rehabilitated as early as January 1, 1948, toward their fair share of low and moderate income housing, expanding the previous cutoff date of April 1, 1980. It directly affects all New Jersey municipalities required to meet regional housing needs for low and moderate income households under the Fair Housing Act. The change enables municipalities to include older housing units in their calculations, potentially reducing the number of new units they must provide. This adjustment is part of the process for determining a municipality's "fair share" of housing need within a regional housing plan.