Conference/Public Meeting Agendas/Documents — Packet

c. Maximum Rents and Sales Prices. 1. West Orange hereby establishes that the maximum rent for affordable units within each affordable development shall be affordable to households earning no more than sixty (60%) percent of median income and the average rent for low- and moderate-income units shall be affordable to households earning no more than fifty-two (52%) percent of median income. 2. The developers and/or municipal sponsors of restricted rental units shall establish at least one (1) rent for each bedroom type for both low-income and moderate-income units, provided that at least thirteen (13%) percent of all low- and moderate-income units shall be affordable to households earning no more than thirty (30%) percent of median income. 3. The maximum sales price of restricted ownership units within each affordable development shall be affordable to households earning no more than seventy (70%) percent of median income and each affordable development must achieve an affordability average of fifty-five (55%) percent for restricted ownership units and in achieving this affordability average, moderate-income ownership units must be available for at least three (3) different prices for each bedroom type, and low-income ownership units must be available for at least two (2) different prices for each bedroom type. (Ord. No. 2250-09 § VII) 25-18.7 Utilities. a. Affordable units shall utilize the same type of heating source as market units within the affordable development. b. Those tenant-paid utilities that are included in the utility allowance shall be so stated in the lease and shall be consistent with the utility allowance approved by DCA for its Section 8 program. (Ord. No. 2250-09 § VIII) 25-18.8 Occupancy Standards. a. Occupancy standards for affordable housing units are pursuant to N.J.A.C. 5:80-26.4: 1. In determining the initial rents and initial sales prices for compliance with the affordability average requirements for restricted units other than assisted living facilities, the following standards shall be used: (a) A studio shall be affordable to a one-person household; (b) A one-bedroom unit shall be

er than assisted living facilities, the following standards shall be used: (a) A studio shall be affordable to a one-person household; (b) A one-bedroom unit shall be affordable to a one and one-half person household; (c) A two-bedroom unit shall be affordable to a three-person household; (d) A three-bedroom unit shall be affordable to a four and one-half-person household; and (e) A four-bedroom unit shall be affordable to a six-person household. 2. For assisted living facilities, the following standards shall be used: (a) A studio shall be affordable to a one-person household; (b) A one-bedroom unit shall be affordable to a one and one-half-person household; (c) A two-bedroom unit shall be affordable to a two-person household or to two (2) one- person households. 78