At least half of the for sale affordable units within each affordable housing development shall be affordable to low-income households.

At least half of the rental affordable units within each affordable housing development shall be affordable to low-income households.

At least half of the affordable units in each bedroom distribution within each affordable housing development shall be affordable to low-income households.

Affordable housing developments which are not limited to age-restricted households shall be structured in conjunction with realistic market demands so that:

Affordable housing developments that are limited to age-restricted households shall at a minimum have a total number of bedrooms equal to the number of age-restricted affordable units within the affordable housing development. The standard may be met by creating all one-bedroom units or by creating a two-bedroom unit for each efficiency unit.

In conjunction with realistic market information the following shall be used to determine maximum rents and sales prices of the affordable units:

For assisted-living facilities the following standards shall be used:

In referring certified households to specific restricted units, to the extent feasible, and without causing an undue delay in occupying the unit, the administrative agent shall strive to:

The maximum rent of affordable units within each affordable housing development shall be affordable to households earning no more than 60% of median income. The average rent for low- and moderate-income units shall be affordable to households earning no more than 52% of median income. Restricted rental units shall establish at least one rent for each bedroom type for all low- and moderate-income units provided at least 10% of all low- and moderate-income units are affordable to households earning no more than 35% of median income.

Low- and moderate-income units shall utilize the same heating source as market units within an inclusionary development.

Gross rents including an allowance for utilities shall be established for the various size affordable units at a rate not to exceed 30% of the gross monthly income of the appropriate household size as set forth in § 300-147 above. The allowance for utilities shall be consistent with the utility allowance approved by NJDCA for use in its Section 8 Program.

No affordable rental units included in the COAH requirement shall be subject to a rent control ordinance which may be adopted or in place in the City of Bordentown during the time period in which affordable housing COAH controls are effective.

The maximum sales price of restricted ownership units within each affordable development shall be affordable to households earning no more than 70% of median income. Each affordable development must achieve an affordability average of 55% for restricted ownership units. Moderate-income ownership units must be available for at least three different prices for each bedroom type and low-income ownership units must be available for at least two different prices for each bedroom type.

Low- and moderate-income units shall utilize the same heating source as market units within an inclusionary development.

The initial purchase price for all restricted ownership units shall be calculated so that the monthly carrying costs of the unit, including principal and interest (based on a mortgage loan equal to 95% of the purchase price and the Federal Reserve H. 15 rate of interest), taxes, homeowner and private mortgage insurance and condominium or homeowner association fees do not exceed 28% of the eligible monthly income of an appropriate household size as determined under N.J.A.C. 5:80-26.4; provided, however, that the price shall be subject to the affordability average requirement of N.J.A.C. 5:80-26.3.

Low-income housing units shall be reserved for households with a gross household income equal to or less than 50% of the median income approved by COAH.

Moderate-income housing units shall be reserved for households with a gross household income in excess of 50% but less than 80% of the median income approved by COAH.

Bordentown City is ultimately responsible for administering the affordable housing program, including affordability controls and the affirmative marketing plan in accordance with the regulations of the Council on Affordable Housing pursuant to N.J.A.C. 5:94 et seq. and the New Jersey Uniform Housing Affordability Controls pursuant to N.J.A.C. 5:80-26 et seq.

Bordentown City has delegated to the Housing Officer this responsibility for administering the affordable housing program, including administering and enforcing the affordability controls and the affirmative marketing plan of Bordentown City in accordance with the provisions of this article, the regulations of the Council on Affordable Housing pursuant to N.J.A.C. 5:94 et seq. and the New Jersey Uniform Housing Affordability Controls pursuant to N.J.A.C. 5:80-26 et seq. Bordentown City shall by resolution appoint the City Clerk as the Housing Officer.

Subject to Court or COAH approval, Bordentown City may contract with one or more administrative agents to administer some or all of the affordability controls and/or the affirmative marketing plan in accordance with this article, the regulations of the Council on Affordable Housing pursuant to N.J.A.C. 5:94 et seq. and the New Jersey Uniform Housing Affordability Controls pursuant to N.J.A.C. 5:80-26 et seq. If Bordentown City enters into such a contract, the Housing Officer shall supervise the contracting administrative agent(s) and shall serve as liaison to the contracting administrative agent(s).

The City of Bordentown intends to contract with an experienced affordable housing administrator to be the administrator of the sale and rental of all new affordable housing. The experienced affordable housing administrator will also oversee and administer income qualification of low- and moderate-income households; place income-eligible households in low- and moderate-income units upon initial occupancy; place income-eligible households in low- and moderate-income units as they become available during the period of affordability controls and enforce the terms of the required deed restrictions and mortgage loans. The experienced affordable housing administrator will specifically administer and implement:

The developers/owners of any inclusionary site shall be responsible for the experienced affordable housing administrator's administrative fee, affirmative marketing and advertising and such shall be a condition of Planning or Zoning Board approval.

Bordentown City reserves the right to replace the experienced affordable housing administrator with another municipal authority or other agency authorized by the court or COAH to carry out the administrative processes outlined above.

Newly constructed low- and moderate-income rental units shall remain affordable to low-and moderate-income households for a period of 30 years.

Newly constructed low- and moderate-income for sale units shall remain affordable to low- and moderate-income households for a period of 30 years.

Rehabilitated owner-occupied single-family housing units that are improved to code standard shall be subject to affordability controls for 10 years.

Rehabilitated renter-occupied housing units that are improved to code standard shall be subject to affordability controls for at least 10 years.

Housing units created through conversion of a nonresidential structure shall be considered a new housing unit and shall be subject to affordability controls for new housing units as designated in Subsections A and B above.

Affordability controls on accessory apartments shall be for a period of 30 years.

Affordability controls for units in alternative living arrangements shall be for a period of 30 years.

Affordability controls on buy-down units shall be for a period of 30 years.

The administrative agent shall use a random selection process to select occupants of low- and moderate-income housing.

A waiting list of all eligible candidates will be maintained in accordance with the provisions contained in N.J.A.C. 5:80-26 et seq.

In accordance with the regulations of COAH pursuant to N.J.A.C. 5:94 et seq. and the New Jersey Uniform Housing Affordability Controls pursuant to N.J.A.C. 5:80-26 et seq., Bordentown City adopted an affirmative marketing plan.

All affordable housing units shall be marketed in accordance with the provisions therein.

The City of Bordentown has a third round growth share obligation. This section shall apply to all developments that contain proposed low- and moderate-income units and any future developments that may occur.

In implementing the marketing program, the administrative agent shall undertake all of the following strategies:

The affirmative marketing plan is a regional marketing strategy designed to attract buyers and/or renters of all majority and minority groups, regardless of race, creed, color, national origin, ancestry, marital or familial status, gender, affectional or sexual orientation, disability, age or number of children to housing units which are being marketed by a developer or sponsor of affordable housing. The affirmative marketing plan is also intended to target those potentially eligible persons who are least likely to apply for affordable units in that region. It is a continuing program that directs all marketing activities toward the COAH housing region in which the municipality is located and covers the period of deed restriction. The City of Bordentown is in the housing region consisting of Burlington, Camden and Gloucester Counties. The affirmative marketing program is a continuing program and shall meet the following requirements: