the division of a parcel of land into two or more parcels, the construction, reconstruction, conversion, structural alteration, relocation, or enlargement of any use or change in the use of any building or structure that provides for-sale or rental dwelling units for low & moderate income households within a residential use, structure, or residential component of a mixed-use development in accordance with the requirements of the Borough of Point Pleasant's affordable housing ordinances, Housing Element & Fair Share Plan, or Settlement Agreement.

shall mean a structure or building that encompasses two or more different land uses, which shall be a retail or commercial component and a residential component, whereby any commercial use must be on the ground floor of said building or structure and the upper levels of the structure shall be the residential component and may house low and moderate income units, for-sale or rental, in accordance with the requirements of the Borough of Point Pleasant's affordable housing ordinances, Housing Element & Fair Share Plan, or Settlement Agreement.