When a subdivision plat or site plan for five or more residential units or a mixed-use development is being considered by the Planning Board, a developer seeking a density bonus or other incentive shall establish workforce housing in compliance with the provisions of § 699 et seq. of the General Municipal Law. Such housing shall be located on or off-site, or in lieu thereof the applicable fee shall be deposited, all as a set forth in § 699-b(1)(a),(b) and (c) of the General Municipal Law.
Any funds that are deposited and held under the control of the Town of Huntington pursuant to the General Municipal Law shall be deposited in the Affordable Housing Trust and Agency Fund for the purpose set forth in § 699-b(1)(c)(1) of the General Municipal Law, except that any monies not expended within three (3) years of the date such monies were collected shall be paid over to the Long Island Housing Partnership in compliance with § 699-b(1)(c)(iii) and (4) of the General Municipal Law.
All purchasers of workforce housing created pursuant to the General Municipal Law shall meet the financial criteria set forth in § 74-22.
All workforce housing created pursuant to the General Municipal Law shall remain affordable in perpetuity, and shall comply with the provisions of § 74-21 of this Chapter.
(A) 
To insure continued compliance with § 699-b(3) of the General Municipal Law requiring workforce housing to remain affordable in perpetuity, as a condition of approval, all workforce housing shall be subject to covenants and restrictions that run with the land, and restrict the sale and resale of such units in accordance with the requirements of § 74-21 of this Chapter. In addition, the restrictions set forth in § 74-18 of this Chapter shall be equally applicable to affordable workforce housing.
(B) 
The Planning Board may establish such other restrictions as it deems necessary during the review process.
(C) 
Said covenants and restrictions shall be prepared by the applicant and submitted to the Town Attorney for approval as to form and content. Upon approval by the Town Attorney, the applicant shall record the covenants and restrictions in the Office of the Suffolk County Clerk, at his or her own expense and provide the Town Attorney and the Department of Planning and Environment with a copy of the recorded instrument before an application for a building permit will be accepted for filing.
(A) 
Waiting list. A list of potential purchasers for workforce housing units shall be created for each development by a lottery system which will establish a ranking system by number. Those who are not offered a unit due to rank number shall be placed on a waiting list.
(B) 
Opening of Waiting List. When a waiting list for a given development is depleted, the Huntington Community Development Agency shall re-open the list. In all new developments, and all existing developments unless prohibited by the provisions of this Chapter or resolution of the Town Board, the waiting list shall remain open and populated by interested, qualified purchasers designated by priority categories.
[Amended 1-12-2021 by L.L. No. 6-2021; 9-13-2022 by L.L. No. 24-2022]
The Huntington Community Development Agency shall receive the following fee for monitoring compliance with the provisions of this Article.
(A) 
One (1%) percent on the initial sale of the contract price, one (1%) percent of the contract sales price per transfer in years one through five of ownership, two (2%) percent of the contract sales price per transfer in years six through ten (10) of ownership, and three (3%) of the contract sales price per transfer in years eleven (11) and beyond of each workforce housing unit to be paid by the seller at or prior to closing.
[Amended 4-11-2023 by L.L. No. 5-2023]