Milltown City Zoning Code
§ 34-18.17
Tenant Income Eligibility.
a.
Tenant income eligibility shall be in accordance with N.J.A.C. 5:80-26.13, as may be amended and supplemented, and shall be determined as follows:
1.
Very-low-income rental units shall be reserved for households with a gross household income less than or equal to 30% of median income.
2.
Low-income rental units shall be reserved for households with a gross household income less than or equal to 50% of median income.
3.
Moderate-income rental units shall be reserved for households with a gross household income less than 80% of median income.
b.
The administrative agent shall certify a household as eligible for a restricted rental unit when the household is a very-low-income, low-income or moderate-income household, as applicable to the unit, and the rent proposed for the unit does not exceed 35% (40% for age-restricted units) of the household's eligible monthly income as determined pursuant to N.J.A.C. 5:80-26.16, as may be amended and supplemented; provided, however, that this limit may be exceeded if one or more of the following circumstances exists:
1.
The household currently pays more than 35% (40% for households eligible for age-restricted units) of its gross household income for rent, and the proposed rent will reduce its housing costs;
2.
The household has consistently paid more than 35% (40% for households eligible for age-restricted units) of eligible monthly income for rent in the past and has proven its ability to pay;
3.
The household is currently in substandard or overcrowded living conditions;
4.
The household documents the existence of assets with which the household proposes to supplement the rent payments; or
5.
The household documents proposed third-party assistance from an outside source such as a family member in a form acceptable to the administrative agent and the owner of the unit.
c.
The applicant shall file documentation sufficient to establish the existence of the circumstances in § 34-18.17a1 through § 34-18.17b5 above with the administrative agent, who shall counsel the household on budgeting.