Any application for development for single-family detached residential dwelling units in the R3-TH Residence District is subject to a financial contribution by the developer in accordance with a settlement agreement dated April 27, 1987, providing for a payment in lieu of the construction of dwelling units for low- and moderate-income housing as defined by the New Jersey Council on Affordable Housing pursuant to the Fair Housing Act, N.J.S.A. 52:27D-301 et seq.