The settlement agreement with Fair Share Housing. stipulates the following number of units as a set aside within these market rate developments: Canoe Brook (30), Silverman Group (12), Wells Fargo (11), Annie Sez (30), and Woodmont (39). Additionally, 75 units will be built in a 100% affordable development on a portion of the existing DPW site, now referred to as the 11 Main Street development. This results in a total of 197 affordable units. The settlement agreement also requires future developments multi-family developments t0 set aside 20% of the units for affordable housing.
The Township must only ensure development of the 100% affordable housing development. The other developments may proceed in accordance with the developer’s schedule.