§ 165-114. Rental units.

Latest version.

For rental units, developers and/or municipal sponsors may:

A.
Establish one rent for a low-income unit and one for a moderate-income unit for each bedroom distribution; and

B.
Gross rents, including an allowance for utilities, will be established so as not to exceed 30% of the gross monthly income of the appropriate household size as per N.J.A.C. 5:93-7.4(a). The tenant-paid utility allowance will be consistent with the utility allowance approved by HUD for use in New Jersey.

                    
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