As used in this article, the following terms shall have the indicated meanings unless the context clearly demonstrates otherwise:
AFFORDABLE HOUSINGHousing for which a family whose income is 80% or less of the Nassau-Suffolk metropolitan statistical area median income (including families defined by the Department of Housing and Urban Development either as "low income," "very low income," or "extremely low income"), whose combined annual rental cost and tenant-paid utilities constitute no more than 30% of its income or, for homeowners, the annual total of the sum of secured loan principal and interest, private mortgage insurance, property taxes, home insurance, common charges and homeowner-paid utilities does not exceed 30% of said household income.
AFFORDABLE HOUSING DENSITY BONUS or DENSITY BONUSAn additional density increase equal to at least 10% of the number of residential units permitted at maximum allowable residential density, or of allowable residential floor area ratio if part of a mixed-use development, otherwise permitted for such development pursuant to this chapter, as determined on the date of submission of a complete application for approval of the first of either a subdivision or site plan. In the event such calculation of additional units shall result in a fractional number of units, the required number of additional units shall be rounded up to the nearest whole number. The additional units or additional residential floor area ratio required by this article shall be dedicated and occupied for affordable housing as provided in this article. Affordable housing density bonuses may be awarded for developments in any zoning district in the Village in which residential uses, or mixed uses which include residential uses, are permitted.
QUALIFIED RESIDENTIAL DEVELOPMENT (QRD)A development of property in the Village for which a completed zoning amendment, subdivision or site plan application is pending or is submitted on or after the effective date of this article, and which is proposed to include or allow five or more residential units, including a mixed-use development which incorporates five or more residential units.