52:27D-304.2 Municipal present need, 10-year round, determination of affordable housing obligations.
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6. a. Municipal present need for each 10-year round of affordable housing obligations shall be determined by estimating the deficient housing units occupied by low- and moderate-income households in the region, following a methodology similar to the methodology used to determine third round municipal present need, through the use of most recent datasets made available through the federal decennial census and the American Community Survey, including the Comprehensive Housing Affordability Strategy dataset thereof.
b. For the purpose of determining regional need for the 10-year round of low- and moderate-income housing obligations, running from July 1, 2025 through June 30, 2035, and each 10-year round thereafter:
(1)The regions of the State shall be comprised as follows:
(a)Region 1 shall consist of the counties of Bergen, Hudson, Passaic, and Sussex;
(b)Region 2 shall consist of the counties of Essex, Morris, Union, and Warren;
(c)Region 3 shall consist of the counties of Hunterdon, Middlesex, and Somerset;
(d)Region 4 shall consist of the counties of Mercer, Monmouth, and Ocean;
(e)Region 5 shall consist of the counties of Burlington, Camden, and Gloucester; and
(f)Region 6 shall consist of the counties of Atlantic, Cape May, Cumberland, and Salem.
(2)Regional prospective need for a 10-year round of low- and moderate-income housing obligations shall be determined through the calculation provided in this subsection. Projected household change for a 10-year round in a region shall be estimated by establishing the household change experienced in the region between the most recent federal decennial census, and the second-most recent federal decennial census. This household change, if positive, shall be divided by 2.5 to estimate the number of low- and moderate-income homes needed to address low- and moderate-income household change in the region and to determine the regional prospective need for a 10-year round of low- and moderate-income housing obligations. If household change is zero or negative, the number of low- and moderate-income homes needed to address low- and moderate-income household change in the region and the regional prospective need shall be zero.
L.2024, c.2, s.6.