Conference/Public Meeting Agendas/Documents — Packet

3. Both renter occupied and owner occupied units are eligible for rehabilitation funds. 4. Both renter occupied and owner occupied units must remain affordable to low- and moderate-income households for a period of ten (10) years. For owner occupied units this control period will be enforced with a lien and for renter occupied units the control period will be enforced with a deed restriction. 5. West Orange will dedicate a minimum of ten thousand ($10,000.00) dollars for units rehabilitated through this program. 6. West Orange has created a rehabilitation manual for this rehabilitation program, which is available for inspection at the West Orange Planning Department and is on-file with COAH. (Ord. No. 2250-09 § V) 25-18.5 Phasing Schedule for Zoning. West Orange has adopted a redevelopment plan that includes affordable housing. If future zoning is adopted, there will be a set-aside for affordable housing. Payment in lieu of development funds will be used within West Orange for the creation of affordable housing units. In inclusionary zones, including zones subject to a growth share ordinance, the following schedule shall be followed: Percentage of Market-Rate Units Completed Minimum Percentage of Low- and Moderate-Income Units 25 0 25+1 10 50 50 75 75 90 100 (Ord. No. 2250-09 § VI) 25-18.6 New Construction. a. Low/Moderate Split and Bedroom Distribution of Affordable Housing Units: 1. The fair share obligation shall be divided equally between low- and moderate-income households. 2. In each affordable development, at least fifty (50%) percent of the restricted units within each bedroom distribution shall be low-income units. 3. Affordable developments that are not age-restricted shall be structured in conjunction with realistic market demands such that: (a) The combined number of efficiency and one-bedroom units is

elopments that are not age-restricted shall be structured in conjunction with realistic market demands such that: (a) The combined number of efficiency and one-bedroom units is no greater than twenty (20%) percent of the total low- and moderate-income units; (b) At least thirty (30%) percent of all low- and moderate-income units are two (2) bedroom units; (c) At least twenty (20%) percent of all low- and moderate-income units are three (3) bedroom units; and (d) The remainder may be allocated at the discretion of the developer. (e) Age-restricted low- and moderate-income units may utilize a modified bedroom distribution and at a minimum, the number of bedrooms shall equal the number of age-restricted low- and moderate-income units within the affordable development. 76