Provides municipality with affordable housing credit toward its municipal fair share housing obligation for funds transferred to the New Jersey Affordable Housing Trust Fund pursuant to P.L.2008, c.46.

This bill allows New Jersey municipalities to earn affordable housing credit toward their required housing obligations by transferring development fees to the state's Affordable Housing Trust Fund. Specifically, municipalities that move unspent funds from their development fee trust funds (collected from residential construction) or payments-in-lieu fees into the Trust Fund receive one credit unit per transfer, proportional to the regional minimum per-unit cost (e.g., $67,000-$80,000 depending on the housing region). The credit directly reduces the municipality's fair share housing requirement, which mandates local governments to provide affordable housing units. This mechanism incentivizes municipalities to channel funds into the state trust fund instead of retaining them locally, aligning with existing housing finance rules under P.L.2008, c.46.