Appropriates $125 million for creation of affordable housing to restore diversions from "New Jersey Affordable Housing Trust Fund."

This bill appropriates $125 million to the New Jersey Affordable Housing Trust Fund to restore funding previously diverted for affordable housing projects. It directly affects municipalities that have certified compliance with fair share housing plans and housing elements, providing them with grants and loans for new housing developments. The funds will support the creation of affordable housing units by enabling local governments to finance qualifying projects under existing state housing laws. The bill restores the exact amount diverted in the 2026 state budget, with no new policy changes beyond funding allocation.