What is Affordable Housing?

Affordable Housing refers to households in which the total costs reflect no more than 50% of the median household income, or no more than 80% of the median gross household income for low and moderate household sizes, respectively. To be eligible for an affordable unit, applicants must earn a limited amount of income and have limited assets to be qualify as either a low or moderate income household. Low or moderate income housing in the State of New Jersey is typically not “subsidized” housing. These figures are determined by region; Millburn’s regional income limits for moderate, low and very low income can be found here.

Rental and sales prices are determined by methodologies, which are approved by court order and are below-market rents or prices. The rent or sale price is based upon a percentage of the designated income limits that can be reasonably allocated to housing costs within a particular household size. Affordable housing units are individually owned or rented and managed by private companies. Regulations establish a specific bedroom mix for the affordable units consisting of 1, 2, and 3-bedroom units.

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1. Where can I learn more about Millburn’s current Affordable Housing situation?
2. What are the ways the Township can obtain compliance and repose from the courts for affordable housing?
3. What is the status of the 75 units of 100% affordable housing at the 11 Main Street development (a portion of the DPW facility)?
4. Does Millburn have an Affordable Housing Plan?
5. Is the Township required to provide an opportunity for Affordable Housing units?
6. How many units of affordable housing is the township obligated to provide and by when?
7. What is Affordable Housing?
8. What is the Fair Share Housing Center?
9. What is an overlay zone?
10. Why are the courts in control of determining Millburn’s affordable housing obligation?
11. Will a court consider the economic impact to the community, including schools?
12. What is a builder's remedy lawsuit?
13. How can builder’s remedy lawsuits be avoided or defended?
14. Are the developers obligated to keep the ‘affordable units’ permanent?