For commercial or industrial developments, the
following chart contains the requirements for constructing affordable
housing units by such developers. In the event that the proposed development
contains less than the minimum square footage needed to create one
affordable housing unit, a cash contribution of $4,375 shall be made
by the developer. To the extent that the proposed square footage for
the development is in excess of the square footage contained in the
chart below, the developer shall be responsible for providing the
number of units specified by the chart plus a contribution of $4,375
for each fractional interest.
Description
|
Square Feet Generating 1 Affordable Housing
Unit
|
---|
Office buildings, including banks, corporate
offices, etc.
|
8,333
|
Mercantile uses (retail stores, strip malls,
and similar uses)
|
25,000
|
Factories
|
12,500
|
Warehouses, lumberyards and mausoleums
|
125,000
|
Hazardous uses
|
25,000
|
Movie theaters
|
12,500
|
Casinos/nightclubs
|
8,333
|
Restaurants, libraries and lecture halls
|
8,333
|
Churches
|
Excluded
|
Bleachers and stadiums
|
Excluded
|
Schools, K-12
|
25,000
|
Institutional uses, such as hospitals, nursing
homes, assisted-living facilities and jails
|
12,500
|
Hotels and motels
|
31,250
|
All affordable units shall contain a thirty-year
deed restriction as required by COAH.
Affordable units: 50% of the units shall be
low-income and 50% moderate-income.
Bedroom mix shall be in accordance with current
COAH rules.
The affordable housing structures shall be consistent
in size and architectural features with the neighborhood or as approved
by the Land Use Board.
In the event that an applicant seeks an extension
of an approval that is to expire, such extension shall be considered
in accordance with the provisions of this article. Any such extension,
if so granted, shall be conditioned upon the developer complying with
the provisions of this article.