This chapter is intended to assure that low- and moderate-income
units ("affordable units") are created with controls on affordability
over time and that only qualified low- and moderate-income households
shall occupy these units to implement affordable regulations in fulfillment
of a settlement agreement by and between the Borough of Old Tappan,
New Jersey, SMDC, LLC and the Fair Share Housing Center in connection
with the Borough of Old Tappan's declaratory judgment action
captioned "In the Matter of the Application of the Borough of Old
Tappan" bearing docket number BER-L-6086-15 pursuant to In re the
Adoption of N.J.A.C. 5:96 and 5:97 by the Council on Affordable Housing,
221 N.J. 1 (2015).