The Township will continue to participate in the Ocean County rehabilitation program to update and renovate deficient housing units occupied by low- and moderate-income households such that, after rehabilitation, these units will comply with the New Jersey State Housing Code pursuant to N.J.A.C. 5:28. Additionally, the Township will implement its own rehabilitation program for rental units through a hired Administrative Agent.

All rehabilitated rentals units shall remain affordable to low- and moderate-income households for a period of 10 years (the control period). Owner-occupied units shall remain affordable to low- and moderate-income households for a period of six years. For owner-occupied units, the control period will be enforced with a lien and for renter occupied units the control period will be enforced with a deed restriction.

The Township of Plumsted shall dedicate a minimum of $10,000 for each unit to be rehabilitated through this program, reflecting the minimum hard cost of rehabilitation for each unit.

The Township of Plumsted shall designate, subject to the approval of the Court, one Administrative Agent to administer the rehabilitation program in accordance with N.J.A.C. 5:91 and N.J.A.C. 5:93. The Administrative Agent shall provide a rehabilitation manual for the owner occupancy rehabilitation program and a rehabilitation manual for the rental occupancy rehabilitation program to be adopted by resolution of the governing body and subject to approval of the Court. Both rehabilitation manuals shall be available for public inspection in the Office of the Municipal Clerk and in the office of the Administrative Agent.

Units in a rehabilitation program shall be exempt from N.J.A.C. 5:93-9 and Uniform Housing Affordability Controls (UHAC), but shall be administered in accordance with the following:

All inclusionary development on sites identified in the Township Fair Share Plan or any new construction of multifamily dwelling unit developments, whether for-sale or rental, within the borders of the Township proposing five units or more, shall have a mandatory 20% set aside for the purposes of providing affordable housing to low- and moderate-income households. The provisions here within shall not apply to residential expansions, additions, renovations, replacement, or any other type of residential development that does not result in a net increase in the number of dwellings.

Furthermore, this section shall not apply to developments containing four or less dwelling units. All subdivision and site plan approvals of qualifying residential developments shall be conditioned upon compliance with the provisions of this section. Where a developer demolishes existing dwelling units and builds new 5(c) dwelling units on the same site, the provisions of this section shall apply only if the net number of dwelling units is five or more.

Notwithstanding the foregoing, if the developer of the inclusionary or multifamily dwelling unit development desires to set aside less than the required number of units, the developer may satisfy its fair share requirement by paying to the Township Affordable Housing Trust Fund a development fee equal to $25,000 times the exact number of required low- and moderate-income units that the developer does not intend to develop. 50% of the total development fee due must be paid prior to issuance of the first building permit for the development and the balance must be paid prior to issuance of the first certificate of occupancy with respect to the development. The collection, administration, and use of the development fees collected will be governed by the Township's development fee ordinance.