Allows municipalities to establish affordable housing preference for their residents.

S 1946 allows New Jersey municipalities to create programs giving priority for affordable housing units to low- and moderate-income veterans who served in wartime or emergencies (up to 50% of affordable units in a project). It amends state housing law to let municipalities use tools like rezoning, tax abatements, or public land to build affordable housing while requiring units to remain affordable for at least six years. The bill specifically adds a veteran preference mechanism into housing selection processes but does not require municipalities to raise taxes or spend public funds for this purpose. This directly affects municipalities developing housing projects and low-to-moderate-income veterans seeking housing in New Jersey.