Requires DEP to modify certain timelines and requirements for certain approvals associated with development of affordable housing projects.

This bill requires the New Jersey Department of Environmental Protection to speed up and simplify approval processes for affordable housing projects. It mandates specific deadlines for reviewing applications, such as a 180-day limit for water quality plans that triggers automatic approval if missed, and requires certain reviews to happen simultaneously rather than sequentially. The legislation also establishes presumptions that sites designated for affordable housing comply with water quality rules and ensures that previously approved permits remain valid even if new regulations are later adopted.