[Ord. No. 9-1990, § 1; amended 12-23-2020 by Ord. No. 20-2020]
The Township Council, by way of implementation of the Housing Element of the Weehawken Master Plan, hereby determines that an affordable housing program should be established in the Township in order to:
a.
Provide housing opportunities for lower-income families in order to meet the existing and anticipated housing needs of such persons, maintain a socioeconomic mix in the community, provide a range of housing types dispersed throughout the community in a suitable living environment, and satisfy the community's obligation to provide a fair share of the region's housing needs;
b.
Assure that the lower-income units constructed under this program continue to remain available to lower-income households through controls on rental and resale prices;
c.
Provide that developments which create additional affordable housing demand within the Township, including commercial developments, share in the burden of providing such affordable housing; and
d.
Provide for increases in public facilities and other community benefits as may be determined by the Township Council, in its discretion, to be appropriate due to increases in demand therefor as the number of residential units and/or the resident population in the Township increases.