Conference/Public Meeting Agendas/Documents — Packet

Moderate-income unit shall mean a restricted unit that is affordable to a moderate-income household. MONI shall mean the Agency's Market Oriented Neighborhood Investment Program, as it may be authorized from time to time by the Agency. 95/5 unit shall mean a restricted ownership unit that is part of a housing element that received substantive certification from COAH pursuant to N.J.A.C. 5:93 before October 1, 2001. Non-exempt sale shall mean any sale or transfer of ownership other than the transfer of ownership between husband and wife; the transfer of ownership between former spouses ordered as a result of a judicial decree of divorce or judicial separation, but not including sales to third parties; the transfer of ownership between family members as a result of inheritance; the transfer of ownership through an executor's deed to a class A beneficiary; and the transfer of ownership by court order. Random selection process shall mean a process by which currently income-eligible households are selected for placement in affordable housing units such that no preference is given to one (1) applicant over another except for purposes of matching household income and size with an appropriately priced and sized affordable unit (e.g., by lottery). Regional asset limit shall mean the maximum housing value affordable to a four-person household with an income at or above eighty (80%) percent of the regional median as defined by the Council's annually adopted income limits. Rent shall mean the gross monthly cost of a rental unit to the tenant, including the rent paid to the landlord, as well as an allowance for tenant-paid utilities computed in accordance with allowances published by DCA for its Section 8 program. In assisted living residences, rent does not include charges for food and services. Restricted unit shall mean a dwelling unit, whether a rental unit or ownership unit, that is subject to the affordability controls of N.J.A.C. 5:80-26.1, but does not include a market-rate unit financed under UHORP or MONI. UHORP shall mean the Agency's Urban Homeownership Recovery Program. (Ord. No. 2250-09 § III) 25-18.3 Affordable Housing Program. West Orange has determined that it will use the following

UHORP shall mean the Agency's Urban Homeownership Recovery Program. (Ord. No. 2250-09 § III) 25-18.3 Affordable Housing Program. West Orange has determined that it will use the following programs to satisfy its affordable housing obligation: a. Rehabilitation Program. Group homes, family redevelopment, age-restricted rentals, family rentals, for-sale family housing, in redevelopment, market to affordable program of family rentals and accessory apartments. The following general guidelines apply to all developments that contain low- and moderate-income units, and any future developments that may occur. (Ord. No. 2250-09 § IV) 25-18.4 Rehabilitation. a. The Rehabilitation Program. 1. West Orange's rehabilitation program is designed to renovate deficient housing units occupied by low-and moderate-income households and after rehabilitation, these units will comply with the New Jersey State Housing Code pursuant to N.J.A.C. 5:28. 2. West Orange has designated Community Action Services and the Essex County Home Improvement Program as the administrators of the rehabilitation program. 75