NJ A5483

Authorizes municipalities to enter into shared service agreements with any other municipality in New Jersey to transfer a portion of their fair share affordable housing obligation, regardless of whether the municipalities are in the same housing region

Limits transfers to no more than 50% of a municipality's affordable housing obligation to any single receiving municipality

Requires shared service agreements to be approved by the Department of Community Affairs, with the Commissioner's signed determination submitted to the Attorney General for review to ensure compliance with Mount Laurel doctrine requirements

Mandates that all payments from sending municipalities flow through the Department of Community Affairs, with payment details reviewed and approved by the Attorney General before being forwarded to receiving municipalities

Removes the 2008 prohibition on regional contribution agreements (which had banned inter-municipal transfers of affordable housing obligations) and replaces it with this new shared service agreement framework