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

This bill (S 3074) creates a housing incentive for New Jersey municipalities by allowing them to earn additional credit toward their state-mandated fair share housing requirement. Specifically, municipalities can claim one full credit plus a half-credit (1.5 total) for each affordable housing unit reserved exclusively for low- or moderate-income households where at least one member works as a teacher. The bill defines "teacher" broadly to include anyone employed in public or private preschool through 12th-grade schools. This policy change takes effect immediately upon enactment, directly affecting municipalities seeking to meet housing obligations and low-income teacher households.