[Adopted 9-13-2006]
A. 
This article of the Township of Alexandria Affordable Housing Ordinance sets forth the mechanisms by which developers shall provide for a fair share of affordable housing based on growth that is associated with residential development taking place within the Township of Alexandria.
B. 
Residential development. Except as exempted in § 53-18, all residential development in the Township of Alexandria that results in the construction of new market-rate dwelling units in accordance with N.J.A.C. 5:94-1 et seq. shall be subject to the growth share provisions of this article.
[Amended 6-14-2017 by Ord. No. 2017-01]
Developments that received preliminary or final approval from the Land Use Board, as applicable, prior to the effective date of this article, shall be exempt from these provisions unless the developer seeks a substantial change in the approval.
A. 
All residential development which results in the construction of new market-rate dwelling units in the Township of Alexandria shall provide one affordable unit for every eight market-rate units constructed, except where an applicant receives a right to increased density or a compensatory bonus. Where a developer secures a right to increased density, density bonus, or other compensatory benefit through zoning or a use variance, then nothing herein shall affect the Township's ability to generate more affordable housing than one affordable unit for eight market-rate units.
B. 
All residential development in the Township of Alexandria consisting of eight or more residential units shall provide one affordable housing unit on site for every eight market-rate units.
C. 
For developments that result in a number of market-rate residential units not evenly divisible by eight, the developer may construct the additional affordable unit on site, or, alternatively, the developer may make a payment in lieu of constructing the additional affordable unit. If the developer selects the latter option, the amount of said payment shall be established by subtracting any whole multiples of eight from the total number of market-rate residential units being created, dividing any remaining number of units by eight and multiplying the resulting fraction by the dollar amount established in accordance with § 53-21, Payment-in-lieu provisions.
D. 
As an alternative to fulfilling the affordable housing requirements on site as set forth in Subsections A through C above, developers may make a payment in lieu of constructing the affordable units. The amount of said payment shall be determined by establishing the number of affordable units required and multiplying the resulting number, including any fractional units, by the dollar amount established in accordance with § 53-21, Payment-in-lieu provisions.
E. 
All residential development in Alexandria consisting of more than one market-rate residential unit but less than eight market rate residential units may provide one affordable unit on site or may make a payment in lieu of constructing the proportionate fraction of the affordable unit required. If the developer selects the latter option, the amount of said payment shall be established by dividing the number of market-rate units by eight and multiplying the resulting fraction by the dollar amount established in accordance with § 53-21, Payment-in-lieu provisions.
F. 
The applicant for approval of a development shall present the planned method of affordable housing compliance at the time of application filing.
A. 
Affordable housing units being constructed shall meet the requirements of the Township Affordable Housing Ordinance, and shall be in conformance with COAH's third-round rules at N.J.A.C. 5:94-1 et seq. and the Uniform Housing Affordability Controls at N.J.A.C. 5:80-26.1 et seq., including, but not limited to, requirements regarding phasing schedule, controls on affordability, low-/moderate-income split, heating source, maximum rent and/or sales prices, affordability average, bedroom distribution, and affirmative marketing.
B. 
To the greatest extent possible, affordable housing units being provided within inclusionary developments shall be disbursed throughout inclusionary developments and shall be located within buildings designed to be architecturally indistinguishable from the market-rate units otherwise being constructed within the development. To that end, the scale, massing, roof pitch and architectural detailing (such as the selection of exterior materials, doors, windows, etc.) of the buildings containing the affordable housing units shall be similar to and compatible with that of the market-rate units.
A. 
The payment-in-lieu shall be $400,000 for each affordable housing unit that a developer elects not to construct in accordance with § 53-19, Residential growth share provisions.
B. 
The payment-in-lieu amount shall be reviewed annually by the Township governing body. Dependent on the findings of the review, Alexandria may seek an adjustment to the payment-in-lieu amount and make an amendment to this provision. This analysis will be placed on file in the office of the Municipal Clerk.
C. 
All payments in lieu of constructing affordable housing shall be deposited by the Township of Alexandria into an affordable housing trust fund to be established by the Township of Alexandria in conformance with regulations established by COAH and shall at all times be identifiable from development fees. These funds shall be used by the Township of Alexandria in accordance with regulations established by COAH to create new affordable housing opportunities within the physical boundaries of the Township of Alexandria.