Delays fourth round of affordable housing obligations, including present and prospective need and related litigation, until July 1, 2028.

This bill delays the start of New Jersey's fourth round of affordable housing obligations and related litigation from 2025 to July 1, 2028. It directly affects municipalities that must meet fair share housing requirements and the Council on Affordable Housing, which oversees these obligations. The legislation cites economic hardships from the pandemic, high construction costs, and the need for updated data from the third round as reasons for postponing the deadline. Existing legal judgments and settlements issued before July 1, 2025, remain unaffected by this delay, and the act expires on June 30, 2028.