Establishes "Commission on Statewide Affordable Housing Obligations" to determine Statewide need for low and moderate income housing.

This bill establishes a new "Commission on Statewide Affordable Housing Obligations" to assess the state's current and future needs for low- and moderate-income housing. The commission, composed of four legislative appointees (one each from Senate leadership and minority), will evaluate factors like income levels, housing costs, supply, and population to develop statewide calculation methods. It must report its findings to the Governor and Legislature within six months of forming and every five years thereafter. The commission replaces an older municipal assessment process (P.L.1985, c.222) and will determine statewide housing needs, though it does not mandate specific housing construction.