17-21 Exhibit - Endorsing the Housing Element and Fair Share Plan adopted by the West Orange Planning Board and Authorizing Public.pdf

D. Occupancy Characteristics and Types Seventy percent of the housing in West Orange is owner occupied. of the housing stock is rental. TABLE 7 Tenure and Vacancy Total Occupied Occupied: Owner Occupied Renter Occupied Vacant: For rent For sale only Rented or sold, not occupied For seasonal, recreational, or occasional use Other vacant Approximately 30 percent Housing Units 16,790 11,698 5,092 302 189 50 107 174 Note: Total housing units do not match between tables due to varied data sources Source: 2010 Census of Population and Housing E. Units Affordable to Low- and- Moderate Income Households Units are affordable to low- and -moderate income households if the maximum sales price or rent is set within a specified formula as per the Uniform Housing Affordability Controls (UHAC) regulations, N.J.A.C. 5:80-26.1 et seq. A moderate income household is a household whose gross family income is more than 50 percent of median income, but less than 80 percent of median income for households of the same size within the housing region. ‘A low income household is a household whose gross family income is equal to or less than 50 percent of median gross household income for a household of the same size within the housing region for West Orange. West Orange is in Region 2, which encompasses Essex, Morris, Union and Warren counties.