Revises New Jersey Aspire Program to clarify that certain incentive awards may not be prorated.

This bill clarifies that certain residential redevelopment projects under New Jersey's Aspire Program will not have their tax credit incentives prorated (reduced proportionally) during any year of the project's eligibility period. It specifically applies to projects approved under the November 2021 rules or submitted within 121 days after July 6, 2023, which previously faced proration requirements. The key change removes the proration requirement for these qualifying projects, ensuring developers receive the full tax credit amount annually. This directly affects developers of residential projects providing housing for low- and moderate-income households. The bill retroactively applies to projects already approved under the affected rules.