As used in this article, the following terms shall have the
meanings indicated:
FAIR AND AFFORDABLE HOUSING (FAH) UNIT
A.
A for-purchase housing unit that is affordable to a household
whose income does not exceed 80% of the area median income (AMI) for
Westchester as defined annually by the U.S. Department of Housing
and Urban Development (HUD) and for which the annual housing cost
of a unit including common charges, principal, interest, taxes and
insurance (PITI) does not exceed 33% of 80% AMI, adjusted for family
size, and that is marketed in accordance with the requirements, policies
and protocols established by the County of Westchester, as amended
from time to time.
B.
A rental unit that is affordable to a household whose income
does not exceed 60% AMI and for which the annual housing cost of the
unit, defined as rent plus any tenant paid utilities, does not exceed
30% of 60% AMI adjusted for family size and that is marketed in accordance
with the requirements, policies and protocols established by the County
of Westchester, as amended from time to time.
C.
A 10% development is a residential development meeting the requirements of §
310-108A.
The maximum monthly rent for a FAH unit and the maximum gross
sales price for an FAH unit shall be established in accordance with
U.S. Department of Housing and Urban Development guidelines as published
in the current edition of the Westchester County Area Median Income
Sales and Rent Limits, available from the County of Westchester.
Units designated as FAH units must remain affordable for a minimum
of 50 years from the date of initial certificate of occupancy for
rental properties and from date of original sale for ownership units.
A property containing any FAH units must be restricted using
a mechanism such as a declaration of restrictive covenants in recordable
form acceptable to the Village Attorney which shall ensure that the
FAH unit shall remain subject to affordable regulations for the minimum
fifty-year period of affordability. Among other provisions, the covenants
shall require that the unit be the primary residence of the resident
household selected to occupy the unit. Upon approval, such declaration
shall be recorded against the property containing the FAH unit prior
to the issuance of a certificate of occupancy for the development.
For the sale or rental of FAH units, the following occupancy
schedule shall apply:
|
Number of Persons
|
---|
Number of Bedrooms
|
Minimum
|
Maximum
|
---|
Efficiency
|
1
|
2
|
1-bedroom
|
1
|
3
|
2-bedroom
|
2
|
5
|
3-bedroom
|
3
|
6
|
4-bedroom
|
4
|
8
|
The affordable units created under the provisions of this article shall be sold or rented, and resold and rerented during the required period of affordability to only qualified income-eligible households. Such income eligible households shall be solicited by the seller or lessor in accordance with the requirements, policies and protocols established by the County of Westchester and in accordance with the monitoring agency so designated pursuant to §
310-116 of this chapter, so as to ensure outreach to racially and ethnically diverse households.
A governmental office or department or local not-for-profit agency will be designated by the Village to administer the requirements of this chapter. The designated office, department, or agency will be responsible for monitoring the FAH units during the units' period of affordability in accordance with the requirements, policies and protocols established by the County of Westchester. The designated office, department, or agency will also be responsible for monitoring compliance with the affirmative marketing requirements, policies and protocols during the units' period of affordability pursuant to §
310-116 of this chapter. As necessary, monitoring fees shall be established by resolution of the Village Board of Trustees.