West Orange Township_Fourth Round HEFSP_Final Draft

KMA KYLE 4 MCAMSIUS ASSOCIATES Satisfaction of the 421-unit Third Round RDP . Bon Total Project FE § units Total Status & Cormments Credits Credits SE Totat 347 Surpius 32 The Township provided adequate evidence of compliance for the majority of third round RDP strategies, including but not limited adopted zoning and affordability controls. However, inadequate information has been submitted for the following strategies. The Township should submit the missing information to confirm eligibility for credit. © Selecto Flash. Seventeen affordable units will be created by the developer on a property (Block 6, Lot 36.01) owned by the Township. The Township will convey the property for development of the affordable housing. The agreement outlining the roles and responsibility of each party is not yet executed. The Township should submit the executed contract to confirm eligibility for credit. « Executive Drive: Block 155, Lot 40.03. Information was not submitted on this strategy. The Township should submit the adopted Redevelopment Plan and Agreement between the developer and Township. The Township's satisfaction of the third round RDP meets the applicable requirements for minimum rental units, maximum senior units, and the proper mix of income and bedroom distribution. The Settlement Agreement sets forth how the Township will satisfy the unmet need with proposed strategies. The third round unmet need is quantified as 533 units (954-421). The following provides an overview of the Township's unmet need strategies. Satisfaction of the Third Round Unmet Need Project . 4 i Status & Comments Surplus Credits Various Township of West Orange } Docket No.: ESX-L-4697-15 February 15, 2021 Compliance Hearing Poge ?