[HISTORY: 1988 Code §§ 214-1 — 214-13 adopted as amended through December 31, 2013. Amendments noted where applicable.]
This Fair Share Plan Chapter addresses a fair share obligation of 75 units, all of which are to be rehabilitated, as set forth in the hereinabove referenced Exhibit A. (Exhibit A is available at the Township Clerk's office.)
The housing rehabilitation program shall be administered in accordance with the Wayne Township Rehabilitation Program Manual attached hereto as Exhibit B. (Exhibit B is available at the Township Clerk's office.)
Funding for the housing rehabilitation program shall be provided by the township in accordance with the funding schedule set forth in the hereinabove referenced Exhibit B. (Exhibit B is available at the Township Clerk's office.)
At least $10,000 shall be allocated per housing unit, of which at least $8,000 per unit shall be allocated to capital costs. The Township may rehabilitate deficient units that meet the criteria herein even if the actual capital costs are less than $8,000. At the end of each two-year period, the total costs of rehabilitation shall average $8,000 per unit.
Each housing unit to be rehabilitated shall be considered substandard and shall be rehabilitated to standard condition in accordance with requirements of the Uniform Construction Code of New Jersey.
Affordability controls shall be in effect for a period of at least six years for owner-occupied units and 10 years for renter-occupied units, pursuant to N.J.A.C. 5:92, Subchapter 12.
The affordability controls for each housing unit shall be set forth in the applicable (owner-occupied or renter-occupied) deed restriction, copies of which are attached hereto as Exhibit C; the deed restriction for each rehabilitated housing unit shall be placed on file in the County Hall of Records. (Exhibit C is available at the Township Clerk's office.)
In the event that an owner-occupied unit is sold to an ineligible household by reason of income during the six-year period, all municipal funds expended for the rehabilitation of that unit shall be returned to the municipality and another substandard unit occupied by an income eligible household shall be rehabilitated. A lien shall be placed upon said unit for a six-year period as provided for in §§ 214-6 and 214-7.
In no event may a renter-occupied unit be rented to an ineligible household by reason of income during the ten-year affordability control period. There shall be a ten-year lien placed upon said unit precluding prepayment of the loan or grant during the ten-year period.
The Township shall administer the program with local staff, as described in the aforementioned Exhibit B. (Exhibit B is available at the Township Clerk's office.)
The Affordable Housing Board appointed pursuant to Chapter 213, Affordable Housing Regulations, of the Code of the Township of Wayne shall be responsible for marketing and outreach to locate eligible units and occupants, as well as the implementation of the rehabilitation program.
To the extent feasible, at least half of all rehabilitated units shall be occupied by low-income households pursuant to N.J.A.C. 5:92-14.
The housing rehabilitation program shall be implemented within the six-year-period of repose which was initiated on March 16, 1990, and shall terminate on March 16, 1996.