[Added 4-21-1988 by Ord. No. 88-5; amended 6-3-2004 by Ord. No. 2004-15; 4-3-2014 by Ord. No. 2014-08[1]]
A.
All new developments in R-4 and R-5 Residence Districts which include 20 or more dwelling units must be inclusionary developments as defined in § 166-6B herein.
B.
All new units constructed in inclusionary developments shall include affordability controls in the form of a deed restriction or similar covenant acceptable to the Township, which shall restrict low- and moderate-income units to occupancy by income-qualified households, as described below, for a period of not less than 20 years.
C.
The developer of an inclusionary development shall submit, for approval by the Planning Board, a program for the affirmative marketing, screening and selection of occupants of the low- and moderate-income units. This plan shall conform to the regulations of the New Jersey Council on Affordable Housing and shall at a minimum contain the following elements:
(1)
Identification and marketing of units to representative groups operating in the Township and its housing region, to be initiated at least 90 days before issuance of temporary or permanent certificates of occupancy.
(2)
For initial occupancy and until such time as 50% of the units have been rented or sold, no more than 50% of the units shall be made available to individuals currently residing or working in West Deptford Township. After the first 50% of the units are allocated, all remaining income legible applicants shall be pooled and offered contracts.
(3)
Within each round, random section of eligible applicants shall prevail.
(4)
No more than 50% of the units in any single structure shall be reserved for low- and moderate-income households.
D.
The cumulative total of all low- and moderate-income units which are restricted by minimum age of adults may not exceed 20% of the Township's fair share obligation, as determined by the Housing Element of the Master Plan.
E.
Affordability.
(1)
To the greatest extent practicable, the average price of low- and moderate-income units shall be affordable to households with an annual income equal to 57.5% of the regional median, assuming a standard of 28% of qualified income for purchased housing and 30% for rental housing.
(2)
To the greatest extent practicable, the range of affordability for purchased housing shall conform to the following schedule for every 20 low- and moderate-income units:
(a)
One unit between 40% and 42.5% of the median.
(b)
Three units between 42.6% and 47.5% of the median.
(c)
Six units between 47.6% and 50% of the median.
(d)
One unit between 50.1% and 57.5% of the median.
(e)
One unit between 57.6% and 64.5% of the median.
(f)
One unit between 64.6% and 68.5% of the median.
(g)
One unit between 68.6% and 72.5% of the median.
(h)
Two units between 72.6% and 77.5% of the median.
(i)
Four units between 77.6% and 80% of the median.
(3)
For initial occupancy, priority shall be given to households within a particular income category, with flexibility within a particular income category based on affordability controls criteria of the New Jersey Housing and Mortgage Finance Agency.
F.
At least 35% of all low- and moderate-income must be two-bedroom units. At least 15% must be three-bedroom units. No more than 20% may be efficiencies.
G.
In inclusionary development projects, no low- and moderate-income units need to be provided until the first 25% of the total project is completed. Thereafter, 10% of the low- and moderate-income units must be provided before the next market-priced unit is built.
Milestones are set for parity of low/moderate units with the total job at 50% and 75% of completion, but all low-/moderate-income units must be built when the job is 90% complete.
H.
No more than 50% of the units in any single multiunit structure shall be reserved for low- and moderate-income households unless this requirement is specifically waived by the Planning Board as a condition of site plan approval. Regardless of whether this requirement is waived as to any specific structure, it is the intent of this section that low- and moderate-income units shall be evenly dispersed throughout the entire development in as uniform a fashion as is practical.
I.
Housing trust fund. There is hereby created an interest-bearing housing trust fund in a bank to be approved by the court or COAH for the purpose of receiving development fees from residential and nonresidential developers. All development fees paid by developers pursuant to this subsection shall be deposited into this fund. No money shall be expended from the housing trust fund unless the expenditure conforms to a spending plan approved by COAH or a court of competent jurisdiction.
(1)
Use of funds.
(a)
Money deposited in a housing trust fund may be used for any activity approved by the court or COAH for addressing West Deptford Township's low- and moderate-income housing obligation. Such activities may include, but are not necessarily limited to: housing rehabilitation, new construction, regional contribution agreements, the purchase of land for low- and moderate-income housing, extensions and/or improvements of roads and infrastructure to low- and moderate-income housing sites, assistance designed to render units more affordable to low- and moderate-income households and administrative costs necessary to implement West Deptford Township's housing element. The expenditure of all money shall conform to a spending plan approved by COAH or a court of competent jurisdiction.
(b)
No more than 20% of the revenues shall be expended on administrative costs necessary to develop, revise or implement the housing element. Examples of eligible administrative activities include: personnel, consultant services, space costs, consumable supplies and rental or purchase of equipment.