Incentive Zoning and Mandatory Set-Asides.
Developers shall obtain written permission from the Township Council endorsing the developer's plan for satisfying the affordable housing obligation created by the proposed development which shall be submitted to the Township Planning Board or Zoning Board at the time the application for development is submitted for review and approval and shall be considered a condition for the application being determined "complete." |
Percentage of Market Rate Units Completed | Minimum Percentage of Very Low, Low and Moderate Income Units Completed |
|---|---|
25 | 0 |
25 plus 1 unit | 10 |
50 | 50 |
75 | 75 |
90 | 100 |
Nonresidential development shall be constructed based upon the same percentages above by substituting nonresidential development for market rate units. |
Incentive Zoning and Mandatory Set-Asides.
Developers shall obtain written permission from the Township Council endorsing the developer's plan for satisfying the affordable housing obligation created by the proposed development which shall be submitted to the Township Planning Board or Zoning Board at the time the application for development is submitted for review and approval and shall be considered a condition for the application being determined "complete." |
Percentage of Market Rate Units Completed | Minimum Percentage of Very Low, Low and Moderate Income Units Completed |
|---|---|
25 | 0 |
25 plus 1 unit | 10 |
50 | 50 |
75 | 75 |
90 | 100 |
Nonresidential development shall be constructed based upon the same percentages above by substituting nonresidential development for market rate units. |