"New Jersey Transit Villages Act."

This bill establishes the "New Jersey Transit Villages Act," which encourages municipalities to create designated "transit villages" centered around mass transit hubs. It requires local governments to amend their master plans to include specific provisions for compact, mixed-use development within half-mile zones of transit stops, featuring higher density housing, reduced parking for cars, improved bike/pedestrian access, and shared parking. The policy directly affects New Jersey municipalities by changing land-use planning requirements to prioritize transit-oriented development. Key mechanisms include mandating transit village plan elements as supplements to master plans and requiring updated official maps to reflect these zones. The goal is to increase transit ridership, reduce traffic congestion, and support smart growth principles outlined in state planning guidelines.