Reauthorizes use of regional contribution agreements related to affordable housing obligations; establishes approval role of DCA and Attorney General.

This New Jersey bill (S 431) reauthorizes regional contribution agreements, which allow municipalities to transfer part of their affordable housing obligation to other areas within a housing region. It directly affects municipalities required to meet fair-share housing goals under the Mount Laurel doctrine. The bill establishes new oversight by the Department of Community Affairs (DCA) and the Attorney General, requiring their approval before such agreements can be used. This amends existing law to clarify how municipalities can meet housing obligations through regional cooperation, while maintaining the state’s focus on creating new affordable housing and rehabilitating existing units.