New Jersey Statutes 40:55D-8.7. Certain local ordinances void
Terms Used In New Jersey Statutes 40:55D-8.7
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
b. No affordable housing obligation shall be imposed concerning a mixed use development that would result in an affordable housing obligation greater than that which would have been imposed if the residential portion of the mixed use development had been developed independently of the non-residential portion of the mixed use development.
c. Whenever the developer of a non-residential development regulated under P.L.1977, c.110 (C. 5:12-1 et seq.) has made or committed itself to make a financial or other contribution relating to the provision of housing affordable to low and moderate income households, the non-residential development fee authorized pursuant to P.L.2008, c.46 (C. 52:27D-329.1 et al.) shall be satisfied through the investment obligations made pursuant to P.L.1977, c.110 (C. 5:12-1 et seq.).
L.2008, c.46, s.38.