Definitions. The following words and terms, when used in this section, shall have the following meanings:
95/5 UNIT A restricted ownership unit that is part of a housing element that received substantive certification from COAH pursuant to N.J.A.C. 5:93 before October 1, 2001.
ADMINISTRATIVE AGENT The entity responsible for administering the affordability controls of this section with respect to specific restricted units, as designated pursuant to N.J.A.C. 5:80-26.14.
AFFORDABILITY AVERAGE An average of the percentage of median income at which restricted units in an affordable development are affordable to low- and moderate-income households.
AFFORDABLE In the case of an ownership unit, the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6 and, in the case of a rental unit, the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12.
AGE-RESTRICTED UNIT A housing unit designed to meet the needs of, and exclusively for, the residents of an age-restricted segment of the population where the head of the household is a minimum age of either 62 years, or 55 years and meets the provisions of 42 U.S.C. § 3601 et seq., except that due to death, a remaining spouse of less than 55 years of age shall be permitted to continue to reside.
AGENCY The New Jersey Housing and Mortgage Finance Agency established by P.L. 1983, c. 530 (N.J.S.A. 55:14K-1 et seq.) and in, but not of, the DCA.
ASSISTED LIVING RESIDENCE A facility licensed by the New Jersey Department of Health to provide apartment-style housing and congregate dining and to assure that assisted living services are available when needed for four or more adult persons unrelated to the proprietor and offer, at a minimum, one unfurnished room, a private bathroom, a kitchenette and a lockable door on the unit entrance.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
BALANCED HOUSING The Neighborhood Preservation Balanced Housing Program of the DCA as set forth at N.J.S.A. 52:27D-320 and N.J.A.C. 5:43.
CERTIFIED HOUSEHOLD A household that has been certified by an administrative agent as a low-income household or moderate-income household.
COAH The Council on Affordable Housing in, but not of, the DCA, established under the New Jersey Fair Housing Act (N.J.S.A. 52:27D-301 et seq.).
DCA The State of New Jersey Department of Community Affairs.
FAIR SHARE ROUND Any one of three periods in time during which the Council established municipal obligations to provide affordable housing, and the first round was from 1987 to 1993 and the second period was from 1993 to 1997 and the third is for 1999 to 2025.
HAS The Housing Affordability Service, formerly known as the "Affordable Housing Management Service," in the Department of Community Affairs, Division of Housing.
INCLUSIONARY DEVELOPMENT A development containing both affordable units and market rate units. This term includes, but is not limited to: new construction, the conversion of a nonresidential building or structure to residential use, in whole or in part, and the creation of new affordable units through the gut rehabilitation or reconstruction of a vacant residential building or structure.
LOW-INCOME HOUSEHOLD A household with a total gross annual household income equal to 50% or less of the median income.
LOW-INCOME UNIT A restricted unit that is affordable to a low-income household.
MEDIAN INCOME The median income by household size for an applicable county, as adopted annually by COAH or by HUD as approved by New Jersey Superior Court.
MODERATE-INCOME HOUSEHOLD A household with a total gross annual household income in excess of 50% but less than 80% of the median income.
MONI The Agency's Market Oriented Neighborhood Investment Program, as it may be authorized from time to time by the Agency.
MUNICIPAL HOUSING LIAISON The employee charged by the governing body with the responsibility for oversight and administration of the affordable housing program for the Township of Mount Olive.
NONEXEMPT SALE Any sale or transfer of ownership other than the transfer of ownership between husband and wife; the transfer of ownership between former spouses ordered as a result of a judicial decree of divorce or judicial separation, but not including sales to third parties; the transfer of ownership between family members as a result of inheritance; the transfer of ownership through an executor's deed to a class A beneficiary; and the transfer of ownership by court order.
RANDOM SELECTION PROCESS A process by which currently income-eligible households are selected for placement in affordable housing units such that no preference is given to one applicant over another except for purposes of matching household income and size with an appropriately priced and sized affordable unit (e.g., by lottery).
REGIONAL ASSET LIMIT The maximum housing value affordable to a four-person household with an income at or above 80% of the regional median as defined by the Council's annually adopted income limits.
RENT The gross monthly cost of a rental unit to the tenant, including the rent paid to the landlord, as well as an allowance for tenant-paid utilities computed in accordance with allowances published by DCA for its Section 8 program. In assisted living residences, rent does not include charges for food and services.
RESTRICTED UNIT A dwelling unit, whether a rental unit or ownership unit, that is subject to the affordability controls of N.J.A.C. 5:80-26.1, but does not include a market-rate unit financed under UHORP or MONI.
SETTLEMENT AGREEMENT Agreement approved on July 20, 2017, between the Township of Mount Olive and the Fair Share Housing Center re: In the Matter of the Township of Mount Olive, County of Morris, Docket No. MRS-L-1634-15.
UHORP The Agency's Urban Homeownership Recovery Program.
VERY-LOW-INCOME HOUSEHOLD A household with a total gross annual household income equal to 30% or less of the regional median household income by household size.