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

This bill allows New Jersey municipalities to count transitional housing reserved for low or moderate-income veterans toward their affordable housing requirements. Specifically, municipalities earn one credit and one bonus credit for each bedroom in such housing occupied by eligible veterans for at least 10 years. "Transitional housing" refers to housing with supportive services (like counseling or job training) designed to help homeless veterans move to permanent housing within 24 months. It applies to veterans who are New Jersey residents and were honorably discharged from active military service (excluding certain court-martial separations). The change modifies existing affordable housing rules to incentivize veteran-focused housing projects.