§ 165-111. Purpose.

This article of the Wharton Code sets forth regulations regarding low- and moderate-income housing units in Wharton that are consistent with the provisions of N.J.A.C. 5:93 et seq., as effective June 6, 1994. These rules are pursuant to the Fair Housing Act of 1985 and Wharton's constitutional obligation to provide for its fair share of low- and moderate-income housing.

A. 

Wharton's new construction or inclusionary component will be divided equally between low- and moderate-income households as per N.J.A.C. 5:93-2.20.

B. 

Except for inclusionary developments constructed pursuant to low-income tax credit regulations:

(1) 

At least 1/2 of all units within inclusionary development will be affordable to low-income households;

(2) 

At least 1/2 of all rental units will be affordable to low-income households; and

(3) 

At least 1/3 of all units in each bedroom distribution pursuant in N.J.A.C. 5:93-7.3 will be affordable to low-income households.