Authorizes municipalities that petition for or receive substantive certification pursuant to the "Fair Housing Act" to make certain affordable housing units available on a preferential basis to certain eligible persons.
Provides municipality with affordable housing credit toward its municipal fair share housing obligation for funds transferred to the New Jersey Affordable Housing Trust Fund pursuant to P.L.2008, c.46.
"Fully Funding Schools and Cutting Property Taxes Act"; repeals certain sections of law; requires additional aid to lower property taxes commensurate with residents' ability to support schools; appropriates $2.9 billion.