Repeals "Statewide Non-Residential Development Fee Act."

This bill repeals New Jersey's "Statewide Non-Residential Development Fee Act" and redirects its previously collected fees into the newly established "New Jersey Affordable Housing Trust Fund." The fund will receive money from the repealed fee system, municipal development trust funds, and other dedicated housing funds. It will finance specific affordable housing projects - including rehabilitation, accessory dwelling units, and conversions for low- and moderate-income households - in municipalities with approved housing plans or receiving state aid. The bill requires projects to be certified by municipal governing bodies and ensures housing units remain affordable for qualifying households.