Ordinance #2026-02 Fourth Round Affordable Housing Adopted (pdf)

Ordinance 2026-02 amends Chapter 22, Article VI of the Borough of Spring Lake Heights' code to address its Fourth Round affordable housing obligations, spanning from 2025 to 2035, as required by the Amended Fair Housing Act (FHA). This ordinance repeals and replaces sections 22-650.1 through 22-650.9 to ensure compliance with state regulations and the Borough's Housing Element and Fair Share Plan (HEFSP). It applies to all affordable housing developments and units, including those created under the HEFSP, inclusionary developments, and 100% affordable housing projects, aiming to maintain affordability controls and occupancy by eligible households.