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Tenafly City Zoning Code

§ 35-810.5

Inclusionary Housing Requirements.

[Ord. No. 02-09 § 2E]
a. 
20% of the total number of approved units will be set aside for occupancy by low- and moderate-income households as defined by COAH.
b. 
All of the affordable housing will be constructed at the same time as the conventional housing.
c. 
The bedroom distribution of all the affordable housing units, as approved by the Superior Court of New Jersey, Law Division, shall be 50% two- bedroom and 50% one-bedroom.
d. 
The rental or price of the affordable housing units shall be determined in accordance with the requirements of Section 5:93-7 of the Substantive Rules of COAH as amended from time to time.
e. 
Properties within the MF-I Zone shall be made subject to appropriate title restrictions to ensure that the aforesaid affordability controls shall remain in effect for at least 30 years.
f. 
All matters affecting the control of the affordable housing units shall be in accordance with the Substantive Rules of COAH as amended from time to time.
g. 
The office of the Borough Administrator will provide the owner of properties developed for affordable housing with a list of Tenafly residents seeking affordable housing units in accordance with Section 5:93-11.7 of the Substantive Rules of COAH, as amended from time to time.
h. 
In the event that there are not enough qualified local residents for the affordable units available to the developer of the project within 60 days of the anticipated completion, then those units will be marketed in accordance with subsection 5:93-11 of the Substantive Rules of COAH, as amended from time to time.