Twenty-five to 49 lots or units: Thirteen percent affordable units.
3.
Fifty or more lots or units: Fifteen percent affordable units.
94-8.1.7 Restriction and Regulatory Agreement. As a condition for the granting of
a special permit for a covered project, all affordable housing units shall be subject
to an affordable housing restriction and a regulatory agreement in a form acceptable
to the community development board. The regulatory agreement shall be consistent with
any applicable guidelines issued by the DHCD and any other applicable state or federal
funding source and shall ensure that affordable units can be counted toward the city's
subsidized housing inventory. In the case of a subdivision, no lot or unit shall be
sold until an approved regulatory agreement is recorded at the registry of deeds.
In the case of a construction project subject to a building permit, no certificate
of final occupancy shall be issued until an approved regulatory agreement is recorded
at the registry of deeds and the building commissioner is notified by the director
of the office of community development or her representative that the project is progressing
in a satisfactory manner in fulfilling its affordable housing requirement.
94-8.1.8 General Requirements. All covered projects shall comply with the following:
1.
Fractional units. Where the required number of affordable units results in a fraction of a unit, the
required number should be rounded up to the nearest whole number.
2.
Phasing. Affordable units should not be the last units to be developed or occupied in any
covered project.
3.