A.
It is the purpose and intent of the Community Housing Fund Overlay District (CHOD) to provide the Town Board with a zoning tool that works in concert with Chapter 140, “Community Preservation Fund and Community Housing Fund” to coordinate funding and streamline the process. The Town Board may consider establishing CHOD zoning in conjunction with CHF proposals for funding in order to fulfill a housing need where the other provisions of the Town Code do not provide the best solution.
B.
To facilitate the provision of high quality yet affordable housing with due regard for existing neighborhood development, environmental concerns and compliance with the Comprehensive Plan and amendments thereto, the CHOD shall be established in each case by the Town Board on a floating zone basis in accordance with an approved preliminary development concept plan, as described and defined herein.