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Lebanon (Hunterdon)Green Risk

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2020 Annual Monitoring Report for Affordable Housing

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Executive Summary

This document is the 2020 Annual Monitoring Report for Affordable Housing in the Borough of Lebanon, covering the period from inception in 2015 through August 31, 2020. The report details the revenue and expenditure summaries for the Trust Fund, including information on barrier-free escrow, development fees, interest earned, and payments in lieu of construction. It also includes project and unit monitoring data as of September 2020, outlining various affordable housing sites, their status, affordability controls, and income/bedroom distribution.

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--- Document: 2020 Annual Monitoring Report for Affordable Housing Document ---
BOROUGH OF LEBANON
TRUST FUND MONITORING - September 16, 2020
Inception - 2015
January 1, 2016 - 
August 31, 2020
Total
Barrier Free Escrow
Development Fees
Interest Earned 
Other Income
Payments-in-Lieu of Construction
List Developments
TOTAL
Administration
Affordability Assistance
List Programs
Barrier Free Conversions
Housing Activity 
List Activities
TOTAL
$0.00
list projects, programs $
$
$
TOTAL
0
list projects, programs $
$
$
TOTAL
0
REVENUE SUMMARY
EXPENDITURE SUMMARY
TRUST FUND ACCOUNT BALANCE AS OF August 31, 2020 = 
HOUSING ACTIVITY: Inception - August 31, 2020
AFFORDABILITY ASSISTANCE: August 31, 2020


BOROUGH OF LEBANON
PROJECT/UNIT MONITORING - SEPTEMBER 2020
Site / Program Name:
Project Type:
Block & Lot / Street:
Status:
Date:
Length of Affordability Controls:
Administrative Agent:
Contribution:
Type of Units:
Total Affordable Units:
Income/Bedroom Distribution:
1 BR
2 BR
3 BR
1 BR
2 BR
3 BR
1 BR
2 BR
3 BR
1 BR
2 BR
3 BR
1 BR
2 BR
3 BR
1 BR
2 BR
3 BR
Very Low-Income
2
Low-Income
1
4
3
3
8
2
Moderate-Income
1
3
3
8
4
Comments:
Occupied in 1985 as group 
home
Presidential Place
Inclusionary Zoning
Block 3, Lot 1
Built & Occupied
Controls began 8.3.2019
Built & Occupied
Block 10, Lot 2 and 2.01
Inclusionary Zoning
Heights at Lebanon
Town Center aka Harvestate
Block 8, Lot 28.01
Supportive & Special Needs
TBD
Zoning in Place, Ordinance 
2020-02, Adopted 3.18.20
Borough-wide Set-aside
Villa on Main
Zoning in Place, Ordinance 
2020-01, Adopted 3.18.20
Block 13.02, Lot 22
Inclusionary Zoning
Inclusionary Zoning
Inclusionary Zoning
Built & Occupied
HAMI/Hunterdon Alliance
12
Family Rental
N/A
Julie Gruver @ Kaplan
30
30
Randy Gottesman @ CPG&H
N/A
Family Rental
30
Supportive/Special Needs
N/A
N/A
N/A
TBD
Family Rental
N/A
TBD
TBD
TBD
TBD
N/A
TBD
N/A
TBD
Zoning Ordinance Introduced 
8.19.20, Reviewed by the 
Planning Board on 9.8.20; In 
response to amendments 
requested by the future 
developer the Borough has 
amended the Ordinance and is 
reintroducing on 9.16.20
Block 4, Lots 1.03 & 1.04
TBD
Information on income breakout is 
from Kaplan.
Deed restriction not in place.  
Borough working with owner to get 
deed restriction recorded.
four bedrooms for low-income 
individuals