Consistent with and pursuant to the Court-approved settlement agreement, dated October 12, 2018 (as amended) ("settlement agreement") by and among the parties in the Township of Warren's declaratory judgment Mount Laurel action captioned IMO Warren Township, Docket No. SOM-L-000904-15 ("DJ Action"), this section creates the AH-4 Affordable Housing Zone District, which is comprised of Block 85.01, Lots 1, 2, 3 and 4, as shown on the Tax Map of the Township of Warren (the "tract"). The AH-4 Zone District shall be developed with an inclusionary development (the "inclusionary development") component comprised of the following three components and accessory structures: (a) the townhouse component comprised of 115 residential units (the "townhouse areas"); (b) the multifamily rental component comprised of 220 residential rental units (the "multifamily housing area"); and (c) the hotel component comprised of a hotel with approximately 130 guest rooms/guest suites and restaurant(s), with or without a liquor license, that is either within, connected to or stand-alone and separate from the hotel structure (the "hotel area"). The inclusionary development shall include an overall 22.4% set-aside of affordable rental units that will be governed by controls on affordability and comply with all other Uniform Housing Affordability Controls, N.J.A.C. 5:80-26.1 et seq. ("UHAC") requirements as of the date of the adoption of this section. The total number of residential units between the townhouse component and the multifamily rental component shall not exceed 335 units, of which 75 units shall be deed restricted as affordable units (the "Affordable Units"), all of which shall be developed as follows:
Component | Market Rate | Affordable | Total |
|---|
Townhouse areas | 107 | 8 | 115 |
Multifamily housing area | 153 | 67 | 220 |
Maximum total residential units | 260 | 75 | 335 |