[Adopted 10-9-1989 by Ord. No. 89-9]
For purposes of this article, certain terms are used as defined in Chapter 90 of the Township Code. Where applicable, words and phrases used in this article shall have the same meaning as such words and phrases have in the Fair Housing Act, N.J.S.A. 52:27D-301 et seq., or in regulations established by the Council on Affordable Housing ("COAH"). In addition, the following terms are defined as follows:
A dwelling unit authorized under this chapter and Chapter 90, Land Use and Development, for the sole purpose of fulfilling the Township's obligation for its fair share of the regional low- and moderate-income housing need under rules and regulations established by COAH. Units are limited in number and are authorized for the special case for periods of time identified in this chapter.
[Added 4-14-1997 by Ord. No. 97-7]
The New Jersey Housing and Mortgage Finance Agency.
The New Jersey Council on Affordable Housing.
The consultant firm engaged by the Township to administer the housing
rehabilitation program and program of the Township relating to lower income
housing. At present the Township has engaged Planners Diversified, of Summit,
New Jersey, as Housing Consultant.
The employee, consultant (which may be the Housing Consultant) or
authority or government or other agency charged with the responsibility of
administering the affordable housing program of the Township.
A.
Establishment of Affordable Housing Board. There is hereby
established in the Township an Affordable Housing Board which shall consist
of five members appointed by the Township Committee. The members shall serve
without compensation.
B.
Membership of Board and term of office. The Board shall
be composed of two members of the governing body and a member of the Township
Local Assistance Board,[1] whose appointments shall each be for one year, and two additional
residents of the Township whose terms shall be for two years each, except
that, when the Board is initially appointed, one resident member shall be
appointed for one year and one member for two years. Appointments to fill
vacancies resulting from resignations or removal from office shall be for
the departing member's unexpired term.
C.
Powers of Affordable Housing Board. The powers of the
Affordable Housing Board shall be as follows:
(1)
To recommend to the Township Committee the person or
organization to be appointed the Housing Officer for the Township, and the
amount of compensation, if any, to be paid to that person or organization.
(2)
To recommend to the Township Committee the adoption of
any rules and regulations, amending or supplementing those adopted by this
article, necessary and appropriate to supplement applicable state law, which
state law includes but is not limited to the provisions of said Fair Housing
Act and regulations promulgated by COAH, provided that such rules and regulations
shall be in furtherance of and not inconsistent with applicable state law:
(a)
To govern the sale or rental of affordable housing units
to lower income persons, pursuant to this article and the laws of the State
of New Jersey.
(b)
To assure that the housing units built or rehabilitated
for lower income housing pursuant to this article will remain available to
lower income persons for the appropriate period of time as required in this
article and by law.
(c)
To establish eligibility criteria for persons wishing
to purchase or rent lower income housing in the Township in accordance with
this article and with state law, provided that no eligibility priorities shall
be established other than those specifically set for in this article and state
law.
(d)
To establish screening mechanisms to ensure that all
lower income housing units are occupied only by lower income households.
(f)
To regulate the resale of lower income units, consistent
with COAH regulations and any other state law, so as to allow lower income
households to recoup the value of any improvements to the units while, if
required by ordinance or state law, providing for the recapture by the Township
of any windfall profits from the resale of the units, all in accordance with
state law.
(g)
To regulate the calculation of rents and other charges
for lower income rental units for the purposes of ensuring that lower income
rental units are rented to and remain occupied by lower income households,
in accordance with state law.
(h)
To provide for a fair and equitable disbursal of funds
from the Housing Rehabilitation and Assistance Fund, to the extent such funds
are available, to be used for rehabilitation of substandard housing occupied
by lower income households, and for such other projects or assistance, including
new construction, consistent with the provision of affordable housing in the
Township and as are authorized by law, and in so doing to provide that at
least 1/2 of newly constructed units and, insofar as is practicable, 1/2 of
rehabilitated units, are affordable to low-income households.
(i)
To foster the production of rehabilitated lower income
housing units at a rate which is consistent with the housing element of the
Township's Master Plan.
(j)
To carry out such additional responsibilities as are necessary to fulfill the Township's affordable housing program in accordance with this article, Chapter 90 of the Township Code, the terms of the Township's substantive certification from COAH and state law.
(k)
To govern the administration of the Township's Accessory
Apartment Program for low- and moderate-income senior citizen households.
[Added 4-14-1997 by Ord. No. 97-7]
(3)
To recommend to the Township Committee the methods to
be used, consistent with COAH regulations, for housing surveys to be conducted
to ascertain the extent and location of substandard housing in the Township
and, upon authorization by the Township Committee, to conduct such surveys
or to arrange to have such surveys conducted.
(4)
To seek out sources of government funding that will assist
the Township in meeting its goals of supplying affordable housing and, upon
authorization by the Township Committee, to prepare and submit applications
to secure such funding.
(5)
To prepare an annual budget for the Affordable Housing
Board, including salaries and expenditures incurred in administering this
article, exclusive of expenditures for rehabilitation or other lower income
housing assistance. The budget shall be prepared in accordance with proper
municipal accounting procedures and submitted to the Township Committee for
approval as part of the municipal budget.
(6)
To recommend to the Township Committee, in conjunction with the Housing Consultant as to rehabilitation, the disbursement of funds from the Housing Rehabilitation and Assistance Fund, if such funds are available, for rehabilitation, and for other projects and assistance, including new construction, in accordance with § 85-4 herein.
(7)
To undertake such other activities as may be authorized
by law to carry out the obligations of the Township to assist in providing
affordable housing in accordance with this article and state law, including
providing information for reports to COAH as required by law or the provisions
of the Township's substantive certification.
D.
In the absence of the appointment of an Affordable Housing
Board, the Township Committee shall act in its stead.
A.
Creation of Housing Rehabilitation and Assistance Fund.
(1)
There is hereby created a Housing Rehabilitation and
Assistance Fund of the Township.
(2)
Funds collected from any donations or from developer contributions arising from the provisions of Chapter 90 of the Township Code, from variances and from any moneys paid over to the Township out of market value sales proceeds after the expiration of affordability controls shall be paid to and deposited by the Township Treasurer in an interest-bearing account designated as the "Franklin Township Housing Rehabilitation and Assistance Fund."
(3)
Funds which may be received from government sources,
including Township appropriations to that fund, shall be paid to and deposited
by the Township Treasurer in the Housing Rehabilitation and Assistance Fund,
except that where, as required by the funding source, such funds shall be
held in a separate account and administered as required by the funding source,
and except that, as required by law, moneys to fund any regional contribution
agreement may be paid from the Township to the receiving municipality.
B.
Disbursements from the Housing Rehabilitation and Assistance
Fund. The Affordable Housing Board, subject to the approval of the Township
Committee, shall authorize disbursements from the Housing Rehabilitation and
Assistance Fund in accordance with the following procedures:
(1)
Rehabilitation. In the case of funds sought for rehabilitation
purposes, the Housing Consultant certifies that:
(a)
It has examined the application and determined that the
intended recipient either is a qualified low- or moderate-income household
according to income limits established by the Affordable Housing Board pursuant
to state law or is a non-occupant owner willing to rent or sell the unit only
to a qualified low- or moderate-income household for the requisite time period
following the receipt of funds.
(b)
The housing unit has been inspected and the existence
of the qualifying code violations which the applicant seeks to remedy through
the use of proceeds from the fund has been verified.
(c)
The rehabilitation activity will result in the dwelling
unit being free of code violations and meeting COAH requirements and the applicable
requirements of the Policy and Procedure Manual for the Housing Rehabilitation
Program.
(d)
The applicant has executed an agreement:
[1]
To use the funds only for the approved purposes and to
complete the required rehabilitation work within the appropriate period of
time.
[2]
To rent or sell the unit to a qualified low- or moderate-income
household as required by said Policy and Procedure Manual.
[3]
Upon the entering of the contract for rehabilitation, to record a mortgage, or, if applicable, a declaration of covenants and restrictions establishing those affordability controls on the unit and other provisions described in § 85-6 of this article.
[4]
To otherwise comply with the rules and regulations of
the Affordable Housing Board and applicable state law.
(2)
Administration. Funds may be used to reimburse the Township for salaries and other expenditures connected with the execution of the Township's responsibilities to assist in providing affordable housing in accordance with this article and Chapter 90 of the Township Code; provided, however, that no greater percent of the funds collected shall be used for such purposes than is permitted by COAH regulations or other applicable law.
A.
Establishment of position of Housing Officer and Housing
Consultant. There is hereby established the position of Housing Officer for
the Township. The Housing Officer shall be appointed by the Township Committee
and may be a full or part-time municipal employee, a consultant, an authority
or a government agency contracted by the Township to perform the duties and
functions of the Housing Officer. The Township has also elected to have certain
of the duties and functions relating to the administration of the rehabilitation
component of its affordable housing program performed by the Housing Consultant,
engaged by the Township, which shall have general charge of the administration
of this component.
B.
Compensation. Compensation of the Housing Officer, if
any, shall be initially fixed by the Township Committee at the time of the
appointment of the Housing Officer, upon the recommendation of the Affordable
Housing Board. The compensation of the Housing Consultant shall be in accordance
with the Township's contract with that consultant.
C.
Powers and duties. It shall be the responsibility of
the Housing Officer:
(1)
To assist the Housing Consultant in administering the rehabilitation component of the Township's affordable housing program, and to administer the lower income housing in the inclusionary development component of the Township's affordable housing program in accordance with this article, Chapter 90 of the Township Code, the rules and regulations of the Affordable Housing Board and other applicable law.
(2)
To maintain waiting lists of households which may be
eligible to rent or purchase lower income dwelling units or to obtain funding
from the Housing Rehabilitation and Assistance Fund of the Township, or from
such other government-funded program as may be available to qualified applicants
in the Township.
(3)
To advertise the initial availability of lower income
housing units, when they become available, which advertising shall be in addition
to any advertising done by a unit owner. Such advertising shall comply with
any applicable requirements of state law, as to affirmative marketing programs,
or otherwise, and to the affirmative marketing program requirements adopted
by this article or the Affordable Housing Board.
(4)
To advertise the availability of funds for housing rehabilitation,
when such funds are available.
(5)
To maintain an up-to-date record of all deed-restricted
lower income housing units in the Township.
(6)
To monitor the occupancy, resale and rental restrictions
of low- and moderate-income housing units, and in connection therewith to
oversee all transfers of ownership and changes of occupancy of all deed-restricted
lower income housing units, to oversee the placement of qualified households
in lower income housing units, to enforce the provisions of this article and
state law relative to lower income housing, and to perform all of the administrative
duties and functions outlined herein.
(7)
To advise the Township Planning Board and Board of Adjustment
with respect to any developer contributions to the Housing Rehabilitation
and Assistance Fund, or lower income housing, proposed with regard to Code
provisions or variances.
(8)
To maintain detailed records of the income to and expenditure
from the Housing Rehabilitation and Assistance Fund of the Township and account
for any Township or other governmental grant moneys received.
(9)
To perform the administrative functions associated with
any government funded housing rehabilitation, once such program has been funded.
(10)
To the extent not undertaken as the responsibility of the Housing Consultant, to arrange for such inspections of any lower income housing units, and the issuance of certificates of affordable occupancy, necessary to carry out the requirements of this article, Chapter 90 of the Township Code or any rules and regulations adopted herewith or promulgated by the Affordable Housing Board or state law.
(11)
To carry out such additional duties as may be required
of the Housing Officer by the rules and regulations promulgated by the Affordable
Housing Board.
(12)
To assist Township officials in administering the Accessory
Apartment Program as part of the Township's Affordable Housing Program.
[Added 4-14-1997 by Ord. No. 97-7]
A.
Applicability. Provisions pursuant to this § 85-6 shall apply to housing units in the Township to which funds are committed from the Franklin Township Housing Rehabilitation and Assistance Fund and to lower income housing units created without such funds, in the PD Zoning District, or pursuant to a variance granted. In the event that regulations established by COAH or other provisions of applicable state law shall be or become inconsistent with the provisions of this § 85-6, in particular with reference to the nature and extent of controls on affordability applicable to lower income housing designed to achieve substantive certification for a municipality such as this Township, then, subject to the proviso contained below in this Subsection A as to outstanding mortgages, the provisions of this § 85-6 shall be deemed to be amended to be consistent with, or to be automatically amended to be consistent with, such regulations established by COAH or otherwise contained in applicable state law. Such provisions shall be incorporated in any contract, mortgage or declaration of covenants and restrictions, relating to housing receiving assistance under the rehabilitation component of the Township's affordable housing program approved by COAH, and relating to newly constructed housing as part of the Township's affordable housing program. In the event that particular forms of mortgages, notes, affordable housing agreements, restrictions or other documents relating to low- or moderate-income housing are adopted by COAH regulations, these will be utilized. All documents establishing controls in the nature of mortgage liens, restrictive covenants or similar deed restrictions shall be duly recorded in the Warren County Clerk's office. The Township and the Affordable Housing Board and/or other entities required by COAH regulation shall be beneficiaries of and entitled to enforce the provisions incorporated in such documents. Such documents shall be approved by the Township Attorney and shall amend the provisions of this article and the controls of affordability affecting the housing units benefitting from said funds and affected by such documents; provided, however, that no such amendment shall alter the provisions of the Subsection G of this section entitled "Impact of foreclosure on resale," or the regulations mentioned in such subsection, as to any outstanding mortgages covering any housing unit, without the consent of the mortgage holder unless such right to amend was reserved in the mortgage.
B.
Length and nature of controls.
(1)
Lower income housing units shall be subject to the affordability
controls of this section for 20 years, with the following exceptions:
(a)
Rehabilitated owner-occupied single-family housing units
that are improved to code standard shall be subject to the affordability controls
of this section for six years.
(b)
Rehabilitated renter-occupied housing units that are
improved to code standard shall be subject to the affordability controls of
this section for 10 years.
(2)
Required controls shall refer to procedures on resale or rerental and options, and other appropriate provisions, described in this § 85-6. A required restrictive covenant establishing controls, including a required repayment clause, and mortgage lien shall have priority over all mortgages on the property except for a first mortgage placed on the property by the mortgagee prior to the expiration of resale controls.
(3)
When a housing unit has been maintained as a low- or
moderate-income unit after controls have been in effect for the period specified
in N.J.A.C. 5:92-12.1, the restrictive covenant governing the housing units
shall allow the Township, the state, nonprofit agencies and sellers of low-
and moderate-income units to again exercise all the same options as provided
in N.J.A.C. 5:92-12.1, et seq.
C.
Initial pricing.
(1)
The initial price of a low- and moderate-income owner-occupied
single-family housing unit shall, for an initial sale, upon the applicability
of these controls, be established so that after a down payment of 10% the
monthly principal, interest, taxes, insurance and condominium fees do not
exceed 28% of an eligible gross monthly income. Master deeds of residential
development in the PD Zoning District shall regulate condominium or homeowners'
association fees or special assessments of low- and moderate-income purchasers
at a specific percentage of those paid by market purchasers. Once established
within the master deed, the percentage shall not be changed without prior
COAH approval (and the master deed shall so provide). Rents for such units,
including an allowance for utilities as defined by the United States Department
of Housing and Urban Development or similar allowance approved by COAH, shall
be set so as not to exceed 30% of the gross monthly income of the appropriate
household size. Maximum rent shall be calculated as a percentage of the uncapped
Section 8 income limit then pertaining for the area containing this Township
as established by the United States Department of Housing and Urban Development
or other recognized standard adopted by COAH that applies to the rental housing
unit. The following criteria shall apply in determining rents and sale prices:
(a)
Efficiency units shall be affordable to one-person households.
(b)
One-bedroom units shall be affordable to two-person households.
(c)
Two-bedroom units shall be affordable to three-person
households.
(d)
Three-bedroom units shall be affordable to five-person
households.
(e)
Four-bedroom units shall be affordable to seven-person
households.
D.
Annual indexed increases. The price of an owner-occupied
housing unit and the rents of such units may increase annually based on the
percentage increase in income for each housing region as determined from said
uncapped Section 8 income limits or other recognized standard adopted by COAH
that applies to the rental housing unit.
E.
Procedures of resale or rerental.
(1)
Persons wishing to sell units subject to these controls shall notify the Housing Officer of the intent to sell, and shall comply with the requirements of this article, of COAH and the regulations adopted as set forth in § 85-7 of this article, or subsequently adopted pursuant to this article.
(2)
Persons wishing to rent units subject to these controls shall comply with the regulations of COAH, the regulations adopted as set forth in § 85-7 of this article or those subsequently adopted pursuant to this article.
(3)
All requests for certification from the Housing Officer
or Housing Consultant or Affordable Housing Board shall be made by the seller
or owner in writing, and the Housing Officer or Consultant or such Board shall
grant or deny such certification within 30 days of the receipt of the request,
except where a shorter period is required by COAH regulation or other law,
in which case the shorter period shall apply.
F.
Eligible capital improvements. Property owners of single-family,
owner-occupied housing may apply to the Housing Board for permission to increase
the maximum price for eligible capital improvements. Eligible capital improvements
shall be those that render the unit suitable for a larger household. In no
event shall the maximum price of an improved housing unit exceed the limits
of affordability for the larger household. Property owners shall apply to
the Affordable Housing Board if an increase in the maximum sales price is
sought.
G.
Impact of foreclosure on resale. A judgment of foreclosure
or a deed in lieu of foreclosure by a financial institution regulated by state
and/or federal law or by a lender on the secondary mortgage market, including
but not limited to the Federal National Mortgage Association, the Home Loan
Mortgage Association, the Government National Mortgage Association or an entity
acting on their behalf, shall extinguish controls on affordable housing units,
provided that there is compliance with N.J.A.C. 5:92-12.10. Notice of foreclosure
shall allow the Affordable Housing Board to purchase the affordable housing
unit at the maximum permitted sales price. Failure of the Affordable Housing
Board to purchase the affordable housing unit shall result in adding that
unit to the municipal present and prospective fair share obligation. Failure
of the financial institution to provide notice of a foreclosure action to
the Affordable Housing Board shall not impair any of the financial institution's
rights to recoup loan proceeds; shall not negate the extinguishment of controls
or the validity of foreclosure, and shall create no cause of action against
the financial institution.
H.
Excess proceeds upon foreclosure. In the event of a foreclosure
sale, the owner of the controlled housing unit shall be personally obligated
to pay to the Affordable Housing Board any surplus funds, but only to the
extent that such surplus funds exceed the difference between the maximum price
permitted at the time of foreclosure and the amount necessary to redeem the
debt to the financial institution including costs of foreclosure. Any such
moneys paid to the Housing Board shall be deposited in the Housing Rehabilitation
and Assistance Fund.
I.
Option to buy sales units.
(1)
The restrictive covenant governing the deeds of low-
and moderate-income units shall include an option permitting purchase of the
affordable housing unit at the maximum allowable restricted sales price at
the time of the first nonexempt sale after controls on affordability have
been in effect on the unit for the period specified in N.J.A.C. 5:92-12.1.
The option to buy shall be available to the Township, the Department of Community
Affairs, the Agency or a qualified nonprofit agency as determined by COAH.
(2)
All restrictive covenants governing low- and moderate-income
units shall require the owner to notify the Housing Officer and COAH by certified
mail, of any intent to sell the unit 90 days prior to entering into an agreement
for the first nonexempt sale after controls have been in effect on the housing
unit for the period specified in N.J.A.C. 5:92-12.1. Upon receipt of such
notice, the option to buy the unit at the maximum allowable restricted sales
price shall be available for 90 days. The Housing Officer shall notify the
Township, the Department of Community Affairs, the Agency and COAH that the
unit is for sale. If the Township exercises this option, it may enter into
a contract of sale. If the Township fails to exercise this option within 90
days, the first of the other entities giving notice to the seller of its intent
to purchase during the ninety-day period, shall be entitled to purchase the
unit. If the option to purchase the unit at the maximum allowable restricted
sales price is not exercised by a written offer to purchase the housing unit
within 90 days of receipt of the intent to sell, the owner may proceed to
sell the housing unit. If the owner does not sell the unit within one year
of the date of the delivery of notice of intent to sell, the option to buy
the unit shall be restored and the owner shall be required to submit a new
notice of intent to sell 90 days prior to any future proposed date of sale.
Any option to buy a housing unit at the maximum allowable restricted sales
price shall be exercised by certified mail and shall be deemed exercised upon
mailing.
J.
Municipal option.
(1)
If the Township elects to purchase a low- or moderate-income
unit pursuant to N.J.A.C. 5:92-12.3, it may:
(2)
If it purchases low-income housing units, it shall maintain
them as low-income housing units.
(3)
If It elects to purchase low- or moderate-income housing
units and convey them at fair market value, it shall:
(a)
Notify COAH of any proposed sale and sales price 90 days
before closing.
(b)
Notify COAH of the price differential as defined in N.J.A.C.
5:92-1.3.
(c)
Deposit the price differential in a trust account devoted
solely to the creation, rehabilitation or maintenance of low- and moderate-income
housing.
(d)
Notify COAH by February 1 of each calendar year of the
balance within this trust account.
(4)
Money deposited in trust accounts may not be expended
until the Township submits and COAH approves a repayment housing plan. COAH
may approve the repayment housing plan if it determines that it provides a
realistic opportunity for the creation, rehabilitation or maintenance of low-
and moderate-income housing.
K.
State and nonprofit option. A low- and moderate-income
sales unit shall also be subject to a state option and the possibility of
a nonprofit option pursuant to N.J.A.C. 5:92-12.5 and 12.6.
L.
Seller option.
(1)
An eligible seller of a low- or moderate-income unit
which has been controlled for the period established in N.J.A.C. 5:92-12.1,
who has provided notice of an intent to sell, may proceed with the sale if
no eligible entity as outlined in N.J.A.C. 5:92-12.3(c) and 5:92-12.6 exercises
its option to purchase within 90 days.
(2)
Subject to N.J.A.C. 5:92-12.8, the seller may elect to:
(a)
Sell to a qualified low- and moderate-income household
at the controlled unit sales price in accordance with existing COAH rules,
provided that the unit is regulated by the restrictive covenant and lien adopted
by COAH for a period of up to 20 years; or
(b)
Exercise the repayment option and sell to any purchaser
at market price, provided that 95% of the price differential is paid to the
Affordable Housing Board as an instrument of the Township, at closing.
(3)
If the sale will be to a qualified low- and moderate-income
household, the Housing Officer shall certify the income qualifications of
the purchaser and shall ensure the housing unit is regulated by the restrictive
covenant and lien required by COAH.
(4)
The Housing Officer shall examine any contract of sale
containing a repayment option to determine if the proposed sales price bears
a reasonable relationship to the housing unit's fair market value. In
making this determination, the Housing Officer may rely on comparable sales
data or an appraisal. The Housing Officer shall not approve any contract of
sale where there is a determination that the sales price does not bear a reasonable
relationship to fair market value. The Housing Officer shall make a determination
within 20 days of receipt of the contract of sale and shall calculate the
repayment option payment.
(5)
The Affordable Housing Board, in consultation with the
Housing Officer, shall adopt an appeal procedure by which a seller may submit
written documentation requesting the Housing Officer to recompute the repayment
obligation if the seller believes an error has been made, or to reconsider
a determination made as a result of an owner's appeal shall be deemed
a final administrative determination of the Housing Officer. Such appeal procedure
shall at a minimum provide for a hearing by the Housing Officer and for an
appellate hearing by the Affordable Housing Board.
(6)
The repayment shall occur at the date of closing and
transfer of title for the first nonexempt transaction after the expiration
of controls on affordability.
(7)
Repayment proceeds shall be deposited in the Housing
Rehabilitation and Assistance Fund, which is a trust account devoted solely
to the creation, rehabilitation or maintenance of low- and moderate-income
housing. Money deposited in such fund may not be expended until the Township
submits and COAH approves a repayment housing plan. COAH may approve the repayment
housing plan if it determines that it provides a realistic opportunity for
the creation, rehabilitation or maintenance of low- and moderate-income housing.
M.
Township rejection of repayment option.
(1)
The Township shall have the right to determine that the
most desirable means of promoting an adequate supply of low- and moderate-income
housing is to prohibit the exercise of the repayment option and maintain controls
on lower income housing units sold within the Township beyond the period required
by N.J.A.C. 5:92-12.1. Such determination shall be made by resolution of the
Township Committee and shall be effective upon filing with COAH and the Affordable
Housing Board and Housing Officer. The resolution shall specify the time period
for which the repayment option shall not be applicable. During such period,
no seller in the Township may utilize the repayment option permitted by N.J.A.C.
5:92-12.7.
(2)
If the Township exercises the option outlined in Subsection
M(l) above it shall:
(a)
Provide public notice in a newspaper of general circulation;
and
(b)
Notify the Affordable Housing Board, Housing Officer
and COAH of the Township Committee's action. The Affordable Housing Board
and Housing Officer shall ensure that the deed restriction on all affected
housing units reflect the extended period of controls.
A.
The following initial regulations are adopted by this
article for the administration of the Township's affordable housing program:
(1)
Affirmative Marketing Plan for Affordable Housing Program
by Franklin Township, New Jersey, prepared by the Housing Consultant.
(2)
Policy and Procedure Manual for the Housing Rehabilitation
Program, prepared by the Housing Consultant.
(3)
Franklin Township Affordable Housing Regulations, Sales
Units Inclusionary Development.
(4)
Franklin Township Affordable Housing Regulations, Rental
Units Inclusionary Development.
B.
The above regulations are on file with the Township Clerk
and may be examined at her office, or copies obtained, during normal business
hours. It is recognized that these regulations may need to be amended or supplemented
from time to time in the future to meet COAH requirements or to promote development
of affordable housing consistent with the housing element of the Township's
Master Plan and to achieve the goal of having 1/2 of rehabilitated housing
affordable to low-income households.
