NJ A4764

Excludes flood-prone land from vacant land calculations for affordable housing purposes, including land below federal flood elevation standards, land below state Flood Hazard Area Control Act standards, and land within 100 feet of category one waters

Prohibits municipalities from being required to authorize construction of non-redevelopment housing projects on undeveloped land

Replaces the current 20% household cap on prospective housing obligations with a 5% population increase cap per 10-year period, where each affordable housing unit counts as four residents (two for senior units)

Directs the Department of Environmental Protection to adopt regulations guiding flood-prone land determinations within seven months of enactment

Maintains the existing 1,000-unit cap on prospective need obligations and allows municipalities to apply whichever cap (1,000 units or population increase) results in a lower obligation