Big Change in NJ Affordable Housing Law?

NJ's assembly is trying to change the current Regional Contribution approach to affordable housing. Newsday describes the impact of the former controversial policy, which allowed wealthier towns to send money to other cities to compensate for not building affordable housing in their own town:

According to the state, 120 suburban towns have paid $210 million to 53 cities since 1988. The cities use the money to provide affordable housing. For instance, Colts Neck recently agreed to pay Long Branch $2.83 million to repair and develop 107 homes for low-income residents.

Builder online reports more fully of the Democrats' 12 point plan.