A.
Objectives. The provisions of this article are intended to encourage the construction of inclusionary housing consistent with smart growth design principles in a location adjacent to the Washington Avenue commercial corridor.
B.
Permitted uses for Block 154, Lot 2, shall be limited to inclusionary housing. The exact percentage of affordable units shall be determined based on tenure type. Developments offering for-sale units shall reserve no less than 20% of the total number of dwellings as affordable as defined and further regulated by the Borough's Affordable Housing Ordinance. Developments in which units are to be offered for rent shall reserve no less than 15% of the total number of dwellings as affordable as defined and further regulated by the Borough's Affordable Housing Ordinance.