N.J. Admin. Code § 19:31V-1.16

Current through Register Vol. 56, No. 12, June 17, 2024

Section 19:31V-1.16 - Affordability controls: affordability average; bedroom distribution

(a) In each affordable development, at least 50 percent of the restricted units within each bedroom distribution shall be low-income units and the remainder may be moderate-income units, provided that at least 10 percent of the restricted units shall be very low-income units.

(b) The bedroom distribution for restricted units that are not age-restricted shall be as follows:

1. The combined number of studios and one-bedroom units is no greater than 20 percent of all restricted units;

2. At least 30 percent of all restricted units are two-bedroom units;

3. At least 20 percent of all restricted units are three-bedroom units; and

4. The remainder, if any, may be allocated at the discretion of the developer or subsequent owner of the affordable development.

(c) In determining the initial rents, the affordability average shall be no more than 52 percent.

(d) Restricted units that are age-restricted units may utilize a modified bedroom distribution. At a minimum, the number of bedrooms shall equal the number of restricted units that are age-restricted units within the affordable development. The standard may be met by creating all one-bedroom units or by creating a two-bedroom unit for each studio.

(e) Restricted units shall utilize the same type of heating source as market units within the affordable development.

N.J. Admin. Code § 19:31V-1.16

Recodified from 19:31-23A.16 56 N.J.R. 807(a), effective 5/6/2024