Adjusts method of determining regional need for affordable housing; permits timeline extension for municipalities to determine and plan for adjusted fair share obligations based on revisions to regional need.

This bill changes how New Jersey calculates the amount of affordable housing each municipality must provide based on regional needs. It allows local governments more time to create plans and adjust their housing obligations after the state updates these regional calculations. The legislation directly affects towns and cities that are required to develop affordable housing strategies under the Mount Laurel doctrine. By extending timelines for planning and adjustments, the bill aims to give municipalities additional flexibility in responding to revised housing requirements.