As used in this article, the following terms shall have the following meanings as indicated:
A trust fund created for the use of receiving funds from developers required to provide affordable housing units that have been granted the option of paying into the AHTF in lieu of developing the required number of affordable units. The AHTF shall further the purpose of the renovation, rehabilitation, and/or remediation of units and infrastructure dedicated for affordable housing. The AHTF Committee must apply at least 50% of the AHTF funds to assist projects promoting the construction, rehabilitation or redevelopment of units that will be affordable to households earning between 30% and 49% of AMI. The AHTF Committee shall apply 10% of the AHTF funds to the assistance of housing for seniors or disabled persons. The AHTF Committee shall apply the remaining 40% of the AHTF funds to such other purposes as it deems appropriate to further the purposes of this article. All decisions by the AHTF Committee regarding the allocation of funds are within its discretion. Nothing in this article shall be construed as providing to any developer or other applicant any AHTF funds or other subsidy from the City as a matter of right.
A committee composed of the following five voting members: the Mayor of the City of Yonkers, or his/her designee; the Deputy Mayor of the City of Yonkers, or his/her designee; the Commissioner of Planning and Development of the City of Yonkers, or his/her designee; the Majority Leader of the Yonkers City Council, or his/her designee; and the Minority Leader of the Yonkers City Council, or his/her designee. The AHTF Committee shall administer the AHTF and perform such other duties as provided in this article.
A dwelling unit, as defined herein, which has been made affordable by public subsidy or by internal cross subsidy to a specified income group as defined herein, and for which affordability controls, as defined in §
43-198, shall apply.
The most recently updated annual median household income figures, adjusted for family size, calculated and published by the U.S. Department of Housing and Urban Development (HUD) for Westchester County, New York State.
A multifamily development in which more than 10% of the dwelling units are affordable housing units.
A municipal corporation established pursuant to the laws of the State of New York with offices at 40 South Broadway, Yonkers, New York, 10701.
The lead entity responsible for the assemblage of property and overseeing the planning, design, financing, construction, marketing, and lease or sale of a multifamily development.
A building, or entirely self-contained portion thereof, containing its own sleeping, sanitary and cooking facilities, occupied or intended to be occupied for residential purposes by one family. (All references to a family herein shall include a single-person family.)
A multifamily development in which a portion of the dwelling units are affordable housing units as required by §
43-194.
A multifamily development containing 100 or more dwelling units.
A building, or entirely self-contained portion thereof, containing its own sleeping, sanitary and cooking facilities, occupied or intended to be occupied for residential purposes by one family that is not income-restricted or publicly subsidized.
A multifamily development containing between 75 and 99 dwelling units.
One or more residential buildings developed in a single project collectively containing 20 or more dwelling units.
A multifamily development containing between 21 and 74 dwelling units.
The duration, beginning on the date of first rental or sale, that a new or rehabilitated affordable housing unit must remain affordable to its originally intended income category.
A census tract within the City of Yonkers where the number of low-income persons living in the census tract is greater than 50% as defined by the most recently published U.S. Census Bureau demographics for the City of Yonkers.