Requires additional surcharge on certain documents filed in certain county offices to support affordable housing in certain populous municipalities.

This bill (S 2895) requires counties containing cities of the first class (Newark and Jersey City, each with populations over 150,000) to impose a $3-$10 surcharge on real property documents filed in county offices. The surcharge funds are deposited quarterly into those cities' municipal affordable housing trust funds. The money must be used exclusively for rehabilitating or purchasing existing housing to create affordable units, or constructing new affordable housing. This provides a new revenue stream specifically for addressing housing affordability in these two largest New Jersey cities.