As used in article, the following terms shall have the meanings
indicated:
AHU or AFFORDABLE HOUSING UNIT
A residential unit that is mandated to be constructed under
the provisions of this article and to be rented to an eligible individual
pursuant to the standards set forth in this article.
AHU SPACE
The total cumulative floor area of all space located within
the interior walls of affordable housing units in a building.
BOARD
The Board of Trustees of the Village.
BUILDING OWNER
The owner of the building containing an affordable housing
unit. Such term shall include initial building owner (as hereinafter
defined).
HOUSEHOLD
The person who seeks to rent an affordable housing unit,
together with any other individual who resides (for more than 30 days
per year) or intends to reside or actually resides (for more than
30 days per year) in the affordable housing unit, including, without
limitation, parents, children, spouses and persons united in a legally
recognized civil union.
INITIAL BUILDING OWNER
The owner or developer of a building who is required to provide
affordable housing units under this article at the time that the affordable
housing unit is initially constructed and receives an initial certificate
of occupancy.
INITIAL UNIT OWNER
The owner of an affordable housing unit that is required
to be provided under this article at the time that the affordable
housing unit is initially constructed and receives an initial certificate
of occupancy, except that, in the case of an affordable housing unit
located in a building owned by a cooperative corporation, this term
shall refer to the owner of the shares in the cooperative corporation
allocated to the affordable housing unit.
PERMIT
Any permit, license or approval of any kind necessary for
the demolition, construction, conversion or occupancy of a building
within the Village. This term shall include but shall not be limited
to demolition permits, certificates of occupancy, site plan approvals,
conditional use permits, or permits of compliance.
UNIT OWNER
The owner of an affordable housing unit, except that, in
the case of an affordable housing unit located in a building owned
by a cooperative corporation, the term shall refer to the owner of
the shares in the cooperative corporation allocated to the affordable
housing unit. Such term shall include "initial unit owner,"
VILLAGE
The Village of Great Neck Plaza.
In order to rent an affordable housing unit, a person must satisfy
the following standards regarding income and assets:
A. Assets:
(1)
Total net assets (i.e., gross assets less liabilities), including
assets held in trust, of $150,000 or less.
(2)
During the period of three years before the determination of
eligibility, no person in the household seeking an affordable housing
unit shall have transferred without fair consideration assets in excess
of $50,000 in the aggregate.
B. Income: At the time of the determination of financial eligibility,
the current annual gross income of all persons living in the eligible
person's household shall not exceed 100% of the median household income
of the Nassau-Suffolk NY HUD Metro FMR Area, with adjustments for
household size, as defined and periodically updated by the United
States Department of Housing and Urban Development, and shall not
be less than 50% of said level. At the time of application for an
affordable housing unit, the applicant may be required to submit a
sworn certification attesting to the amount of the household's current
annual gross income and, as part of the application process, may also
be required to submit documentation to confirm said amount, including
but not limited to tax returns and pay stubs. However, in calculating
household income, the income of a home health aide or other person
who is required to live in an affordable housing unit as a reasonable
accommodation for a person with a disability shall not be included.
Any unit in the Village's C-2 Zone which was constructed pursuant
to prior provisions of the Village Code and which was required by
prior provisions of the Village Code to be leased as an affordable
housing unit shall hereinafter be marketed and leased in accordance
with the current provisions of this article, and the obligations of
the building owner and unit owner with respect to all such units shall
also be governed by the current provisions of this article.
In the event that there are other laws which will be or have
been enacted by other governmental authorities (such as New York State
or the county or town) which require the provision of affordable housing
units within the Village (whether denominated as affordable housing,
work force housing or in some similar manner), including but not limited
to the Long Island Workforce Housing Act, the provisions of this article shall govern, if they are
not legally preempted by such other law, to the extent they require
a greater number of affordable housing units to be provided, or they
address issues which are not addressed by such other law.
The Village Board of Trustees may, by resolution, adopt such
further procedures and regulations as may be necessary to implement
and effectuate the construction and leasing of affordable housing
units within the Village.