West Orange Fourth Round HEFSP_adopted 111025_Appendices

ESESX L 004697-15 08/03/2020 Pg 7 of 9 Trans ID: LCV20201360647 20 1. Seventeen (17) family rental units at Selecto Flash. Redevelopment Plan; pending developer’s agreement. m. Twenty-three (23) family rental units at Executive Drive, Block 155, Lot 40.03. Redevelopment Plan; pending developer’s agreement. n. Sixty-four (64) family rental units at Executive Drive, Block 155, Lots 40.02 and 42,02. Redevelopment Plan; pending developer’s agreement. o. Seventeen (17) senior housing units at Library Site; Redevelopment Plan and awarded tax credits. p. One hundred six (106) bonus credits. The RDP of 421 subtracted from the agreed upon Third Round Obligation of 954 units results in an Unmet Need of 533 units. The Unmet Need is further reduced by the 32 surplus credits the Township has provided in addressing its RDP, the existing 57 affordable units provided at the Woodland Valley age-restricted site, and the remaining 47 units of credit from the Library Site. Thus, the Township’s Unmet Need is 397 units, which shall be addressed as through the following mechanisms: a. K Mart/Whole Foods Shopping Center located at corner of Eagle Rock and Prospect Avenues (Block 152.01, Lots 1445 and 1445.05). The Township has agreed to place a mixed-use overlay zone for commercial/retail on the first floor and up to three stories of residential above. The residential density for this site shall permit up to 16 du/a and require a 20% set-aside. b. Mayfair Farms Site located at 481 Eagle Rock Avenue (Block 152.01, Lot 1445.01). The Township has agreed to place a mixed-use overlay zone for commercial/retail on the first floor and up to three stories of residential above. The residential density for this site shall permit up to 16 du/a and require a 20% set-aside. c. Redwood located at 200 Pleasant Valley Way (Block 151, Lot 33). The Township has agreed to place overlay zoning on this site permitting non age- restricted residential development up to 24 du/a and requiring a 20% affordable housing set-aside. This parties agree that this zoning yield shall be permitted to be rounded up to 142 total units, which if developed to that maximum would require an affordable housing set-aside of either (i) 28 on- site affordable housing units and a payment in lieu of $59,473.20 or (ii) 29 on- site affordable housing units. 4824-7593-1333, v. 1