Permits fair share affordable housing bonus credit for certain housing reserved for occupancy by teachers.

This bill allows New Jersey municipalities to earn extra credit toward their affordable housing requirements by designating units for teachers. Specifically, it grants one credit plus a half-credit (1.5 total) for each low- or moderate-income housing unit reserved for households where at least one member is a teacher employed in preschool through grade 12. The credit applies to units occupied or reserved for such households, with "teacher" defined as anyone working in public or private K-12 schools. This change takes effect immediately and directly affects municipalities meeting housing obligations and teachers seeking affordable housing.