The Village of Ossining is deeply concerned that there are insufficient
opportunities for individuals and families of modest income to purchase
or rent dwelling units in the Village. In order to enhance the public
welfare and to promote the well-being of the Village's current
and future residents, the Board believes that it is essential that
new or substantially rehabilitated residential and mixed-use developments
involving the construction or substantial rehabilitation of six or
more new dwelling units be required to include 10% of the dwelling
units aimed at individuals and families of 80% or less of the Westchester
County median income as determined by Housing and Urban Development
(HUD) annually in rental or purchase housing or, in the alternative,
be required to make payments to an affordable housing fund to assist
in the development of housing opportunities for individuals and families
of those economic means.
As used in this chapter, the following terms shall have the
meanings indicated:
ADDITONAL DENSITY BONUS
The unit count of additional density permitted in a residential
development which shall equal 5% of the maximum market rate unit count
in such residential development deemed appropriate by the Planning
Board that proposes to include 10% low-income housing units, for a
total of 15% additional density.
AFFORDABLE HOUSING RULES AND REGULATIONS
Document promulgated, adopted and as amended from time to
time by the Village Board that outlines the procedures of the Village
of Ossining affordable housing program.
AFFORDABLE HOUSING UNITS
Affordable units created pursuant to the set-aside requirement
of 10% shall be marketed to households which meet the criteria of
80% or less of the Westchester County median income as determined
by HUD annually and whose combined annual rental cost and tenant-paid
utilities do not exceed 30% of said income, or for homeowners (single-family,
residential condominium or residential cooperative apartment), the
annual total of the sum of secured loan principal and interest, private
mortgage insurance, property taxes, home insurance, common charges
and homeowner-paid utilities does not exceed 30% of said household
income.
DENSITY BONUS
The unit count of additional density permitted in a residential
development, which shall equal 10% of the maximum market rate unit
count in such residential development which proposes to include 10%
affordable housing units.
LOW INCOME
Annual household income which does not exceed 60% of the
Westchester County median income as determined by HUD annually and
whose combined annual rental cost and tenant-paid utilities do not
exceed 30% of said income, or for homeowners (single-family, residential
condominium or residential cooperative apartment), the annual total
of the sum of secured loan principal and interest, private mortgage
insurance, property taxes, home insurance, common charges and homeowner-paid
utilities does not exceed 30% of said household income.
MARKET RATE
Dwelling units in single-family, residential condominium
and residential cooperative apartment buildings which are purchased
or rented for residency by the owner thereof at market rate purchase
prices, without governmental or other subsidy to such owner.
MEDIAN INCOME
Annual household income which does not exceed 100% of the
Westchester County median annual income for its household size (based
on U.S. Census and as updated by HUD).
PURCHASE HOUSING
Dwelling units in single-family, residential condominium
and residential cooperative apartment buildings which are purchased
for residency by the owner thereof.
RENTAL HOUSING
Dwelling units in single-family, two-family, multifamily,
residential condominium and residential cooperative apartment buildings
which are rented for residency by the tenant thereof.
RESIDENTIAL DEVELOPMENT
A residential or mixed-use development involving the construction
of six or more new dwelling units, including subdivisions.
RESIDENTIAL DEVELOPMENT APPLICATION
An application for final subdivision, site plan or special
permit approval which proposes the construction of six or more new
dwelling units in the Village.
SUBSTANTIAL REHABILITATION
Any building that is reconstructed or restored or structurally
altered, the cost of same equals or exceeds 50% of its assessed value.