Clarifies scope of affordable housing obligations.

S 2430 clarifies definitions for affordable housing obligations under New Jersey's 1985 law, directly affecting municipalities, housing agencies, and developers. It defines key terms like "low income housing" (affordable to households earning ≤50% of regional median income) and "moderate income housing" (50-80% of median income), while specifying how municipalities calculate their housing "fair share" using current and projected needs. The bill also details credit requirements for existing housing units built between 1980-1986 that meet affordability standards. These clarified definitions aim to streamline how municipalities determine and meet their affordable housing obligations under state law.