Establishes "Entry-Level Home Production Incentive Act of 2026"; provides project gap financing for low- to middle-income housing development; appropriates $300 million.

S 3410 establishes the "Entry-Level Home Development Fund" with a $300 million appropriation to provide gap financing for developers building low- to middle-income housing. The fund, administered by the New Jersey Housing and Mortgage Finance Agency, covers financing shortfalls that prevent developers from constructing housing affordable to households earning up to 120% of the area median income. This program directly supports developers of qualifying projects and aims to increase housing supply for low- to middle-income residents who face affordability challenges due to high prices and limited inventory. The bill defines "low- to middle-income housing" as units reserved for households meeting specific income thresholds, without mandating additional requirements for project locations or developer types.