10% of the total number of units shall be made affordable and sold or rented to low income persons and at least 10% of the total number of units shall be made affordable and sold or rented to moderate income persons.
"Low income" is defined as having total gross household income equal to 50% or less of the median household income for households of the same size using the median income data for household size prepared by the United States Department of Housing and Urban Development ("HUD") for the region which includes Oakland, for the Bergen-Passaic-Hudson PSMA, which has been adopted by the New Jersey Fair Housing Council.
"Moderate income" is defined as having total gross household income between 50% to 80% of the median household income for households of the same size for the region which includes Oakland using the median income data for household size prepared by HUD, for the Bergen-Passaic-Hudson PSMA.
"Affordable" means that a household at the ceiling income for each income group, for each household size, is not required to pay more than 28% of its gross household income for the total of principal, interest, property taxes, insurance and homeowner's association assessments, and realistically available mortgage rates. In case of rental housing such a household is not required go pay more than 30% of income for rent excluding utilities.