Any site that results in multifamily residential development
of five dwelling units or more, including those developments that
become permissible through either a use variance, density variance
increasing the permissible density at the site, a rezoning permitted
multifamily residential housing where not previously permitted or
a new redevelopment plan. The required affordable housing set-aside
for all applicable development shall be 20% in accordance with the
Borough's Third Round Housing Element and Fair Share Plan, consistent
with the terms of the settlement agreement reached with the Fair Share
Housing Center regarding compliance with the Borough's affordable
housing obligations. The provisions of this article shall not apply
to residential expansions, additions, renovations, replacement, or
any other type of residential development that does not result in
a net increase in the number of dwellings of five or more.