West Orange Township_Fourth Round HEFSP_Final Draft

KMA SVE MCP RARUS ASSOTIANES Other Requirements The Township’s Settlement Agreement with FSHC also contained several other terms intended to advance the goal of meeting the needs of the Township's low- and moderate-income households. The key terms and the Township’s compliance are addressed below. 4. The Township agrees to prepare and adopt within 120 days an amended Housing Element and Fair Share Plan, including a Spending Plan. The Township aiso agrees to introduce within 120 days of Court approval an ordinance amending the Township's Affordable Housing Ordinance and Zoning Ordinance to implement the terms of thls agreement and the zoning contemplated therein. Satisfied, except for the recommended conditions herein. 2. At least half of all housing units addressing the Third Round Prospective Need shail be affordable to low-income households, with 13% of the affordable housing units being reserved for very-low income households. The remainder of the affordable units shall be affordable to moderate- income households. Satisfied. 3. Atleast 25% of the Township’s Third Round Prospective Need shall be met through rental units, at least half of which will be rental units available to families. Satisfied. 4. At least half of the units addressing the Third Round Prospective Need in total must be available to families. Satisfied. 5. No more than 25% of the affordable units addressing the Township's Prior Round and Third Round obligation shall be age-restricted, Satisfied. 6. Rental bonuses shall be calculated in accordance with COAH’s Second Round rules N.J.A.C. 5:93 — 5.15 {d). Satisfied, 7. All affordable housing units created pursuant to the Settlement Agreement shall comply with UHAC rules, with the exception of #2 above in which case those rules have been superseded by an amendment to the fair Housing Act. Satisfied. 8. The Township shall update its affirmative marketing plan to Include FSHC and other named organizations in its list of community and regional organizations, and both the Township and any Townsiie of West Orange { Docket Na.: ESX-L-4697-15 Febmuory 25, 2024 Comptiance Heoring Page 70