NJ S4364

Allows municipal governing bodies to direct planning boards to conduct special reexaminations of master plans and development regulations to qualify for preferential status in competitively-awarded State financial assistance

Planning boards may consider housing strategies including: permitting accessory dwelling units, two- and three-unit dwellings on single-family lots, eliminating or reducing parking and minimum lot size requirements, allowing manufactured housing, permitting multi-unit and mixed-use development in commercial zones, and higher density housing near transit stops

Requires the Department of Community Affairs to publish and quarterly update a tiered list of municipalities that have adopted additional housing strategies, which State agencies must use to establish award preferences for competitive grants (excluding fair share housing, shared services, and certain multi-applicant programs)

Increases the district aid percentage by up to 10% for school facilities projects in municipalities that have amended their master plans to allow additional housing strategies; regional school districts may qualify based on constituent municipalities' adoption of such strategies proportional to enrollment share

Commissioner of Transportation must establish criteria providing preference to qualifying municipalities when allocating Transportation Trust Fund monies for municipal projects