Only owners of houses or structures within the Borough of New Providence
are eligible for the technical or financial assistance made available through
this chapter. Eligibility is further determined by the following criteria:
A. The homeowner must either live in a low- or moderate-income
household or must agree to rent the house or structure to be rehabilitated
or converted to a low- or moderate-income household. Proof of income will
be required by the Housing Officer.
B. A house that is proposed to be rehabilitated must be
considered deficient in accordance with N.J.A.C. 5:92. Determination of deficiency
will be made by the Construction Official. To qualify as deficient, the unit
must have a minimum of two of the following characteristics:
(1) Constructed prior to 1940.
(2) One and one-hundredth or more persons per room.
(3) The absence of a private entranceway to dwelling unit.
(4) The absence of exclusive access to complete plumbing
facilities.
(5) The absence of adequate kitchen facilities, that is,
a sink with piped water, a stove and a refrigerator.
(6) Structural weaknesses that violate the Construction Code.
C. The rehabilitation or conversion plan will, upon completion,
result in the improvement of all deficient components of the eligible unit.
The adequacy of the plan will be initially determined by the Borough Construction
Official and finally determined by the Affordable Housing Board.
D. The homeowner must agree, in writing, to comply with
all the requirements of this chapter.
The borough will guarantee financial assistance to eligible and interested
homeowners for no less than four units for each of the next five years, beginning
with 1990.
In the event that financial assistance is not available for every eligible
applicant, 50% of the available assistance shall be awarded to applications
that will result in low-income housing in preference to those that will result
in moderate-income housing.