Authorizes shared service agreements to facilitate provision of affordable housing.

This bill allows New Jersey municipalities to enter into shared service agreements to transfer portions of their required affordable housing obligations to other municipalities, even across different housing regions. It directly affects towns and cities that currently have legal obligations to provide a "fair share" of affordable housing for low- and moderate-income residents. The key mechanism enables sending municipalities to shift their housing quota burden to receiving municipalities through formal agreements, bypassing previous restrictions that limited such transfers within regional boundaries. This replaces the outdated system of regional contribution agreements and abolishes the Council on Affordable Housing, establishing new state guidelines for calculating obligations. The change aims to streamline housing production by giving municipalities more flexibility to meet regional needs through cooperative agreements.