Establishes five-year housing advisory plan.

This bill requires New Jersey's Department of Community Affairs to create and update a five-year housing advisory plan. It directly affects all state residents, with specific focus on homeless and near-homeless individuals and vulnerable populations. The plan must assess housing market trends, identify needs across income groups, inventory affordable housing supply, track progress toward meeting needs, and pinpoint regulatory barriers to affordable housing development. The department must submit the initial plan to the Governor and the Joint Committee on Housing Affordability within 18 months of enactment, with updated versions every five years thereafter.