When a subdivision plat or site plan for five or more residential
units or a mixed-use development is being considered by the Planning
Board, a developer seeking a density bonus or other incentive shall
establish workforce housing in compliance with the provisions of § 699
et seq. of the General Municipal Law. Such housing shall be located
on or off-site, or in lieu thereof the applicable fee shall be deposited,
all as a set forth in § 699-b(1)(a),(b) and (c) of the General
Municipal Law.
Any funds that are deposited and held under the control of the
Town of Huntington pursuant to the General Municipal Law shall be
deposited in the Affordable Housing Trust and Agency Fund for the
purpose set forth in § 699-b(1)(c)(1) of the General Municipal
Law, except that any monies not expended within three (3) years of
the date such monies were collected shall be paid over to the Long
Island Housing Partnership in compliance with § 699-b(1)(c)(iii)
and (4) of the General Municipal Law.
All purchasers of workforce housing created pursuant to the General Municipal Law shall meet the financial criteria set forth in §
74-22.
All workforce housing created pursuant to the General Municipal Law shall remain affordable in perpetuity, and shall comply with the provisions of §
74-21 of this Chapter.
The Huntington Community Development Agency shall receive the
following fee for monitoring compliance with the provisions of this
Article.
(A) One (1%) percent on the initial sale of the contract price, one (1%)
percent of the contract sales price per transfer in years one through
five of ownership, two (2%) percent of the contract sales price per
transfer in years six through ten (10) of ownership, and three (3%)
of the contract sales price per transfer in years eleven (11) and
beyond of each workforce housing unit to be paid by the seller at
or prior to closing.
[Amended 4-11-2023 by L.L. No. 5-2023]