In addition to Article
VI of this bylaw, the following definitions shall apply to development in the Mill Reuse Overlay District:
AFFORDABLE HOUSINGA dwelling unit in a Mill Reuse Project, subject to a legally enforceable deed restriction that runs in perpetuity or for the maximum period allowed by law, and meets all of the following criteria:
A. The unit must be sold or rented to and occupied by a low- or moderate-income household, meaning a household with income at or below 80% of median family income, adjusted for household size, for the metropolitan or non-metropolitan area that includes the Town of Bellingham, as determined by the U.S. Department of Housing and Urban Development (HUD); and which meets the requirements of the Massachusetts Department of Housing and Community Development (DHCD), Local Initiative Program, under 760 CMR 45.00 et seq., for inclusion in the Chapter 40B Subsidized Housing Inventory as low- or moderate-income housing.
B. Deed restriction. The affordability of low- or moderate-income units shall be protected by a regulatory agreement and, for homeownership units, by a deed rider acceptable to DHCD and approved as to form by Town Counsel. The regulatory agreement and, where applicable, the deed rider, shall be legally enforceable and recorded at the Registry of Deeds.
C. DHCD certification. All low- or moderate-income units shall be eligible for listing on the Subsidized Housing Inventory, evidenced by an affordable housing restriction as defined under M.G.L. ch. 184, § 31, and certification signed by the Director of DHCD, both of which must be recorded at the Registry of Deeds.
EXISTING FLOOR AREA RATIOThe sum of the gross floor area on all floors of existing mill building(s), including the basement, measured in square feet, divided by the gross area of the existing lot excluding wetlands subject to control under the Wetlands Protection Act, measured in square feet.
MAXIMUM GROSS DENSITYThe total number of dwelling units on a parcel of land used for a Mill Reuse Project, divided by the size of the parcel in acres before dedication of any land for roads and other public uses and before the creation of common open space or other common amenities included or to be included as part of the development of the parcel of land.
MILL REUSE PROJECTA predominantly residential development comprised of one or more of the uses authorized under §
240-157 of this bylaw, on a parcel of land with an existing mill building in the Mill Reuse Overlay District.
PROPOSED FLOOR AREA RATIOThe sum of the gross floor area on all floors of all proposed buildings in a Mill Reuse Project, including basements, measured in square feet, divided by the gross area of the proposed lot excluding wetlands subject to control under the Wetlands Protection Act, measured in square feet.