Weehawken Township City Zoning Code
§ 23-10B.6
Provisions relating to the low and moderate income units.
[Ord. No. 9-1990, § 1; amended 12-23-2020 by Ord. No. 20-2020]
a.
Bedroom Distribution. In any inclusionary development, the bedroom distribution among the low- and moderate-income units shall contain the following minimum and maximums:
1.
At a minimum, 35% of all low- and moderate-income units shall be two-bedroom units; and
2.
At a minimum, 15% of all low- and moderate-income units shall be three-bedroom units; and
3.
No more than 20% of all low- and moderate-income units may be efficiency or studio units.
b.
Range of Affordability for Purchased Housing.
1.
The average price of all low- and moderate-income units within any inclusionary development shall, as best as practicable, be affordable to households at 57.5% of regional median income.
2.
As best as practicable, the following distribution of prices for every 20 low- and moderate-income units shall apply in any inclusionary development:
(a)
Low-income units:
(1)
One at 40% through 42.5% of regional median income.
(2)
Three at 42.6% through 47.5% of regional median income.
(3)
Six at 47.6% through 50% of regional median income.
(b)
Moderate-income units:
(1)
One at 50.1% through 57.5% of regional median income.
(2)
One at 57.6% through 64.5% of regional median income.
(3)
One at 64.6% through 68.5% of regional median income.
(4)
One at 68.6% through 72.5% of regional median income.
(5)
Two at 72.6% through 77.5% of regional median income.
(6)
Four at 77.6% through 80% of regional median income.
c.
Phasing. In any inclusionary development, low- and moderate-income units shall be phased in accordance with the following schedule:
Minimum Percentage of Low- and Moderate-Income Units Completed | Percentage of Market Housing Units Completed |
|---|---|
0% | 25% |
10% | 25% + 1 unit |
50% | 50% |
75% | 75% |
100% | 90% |
100% |