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HomeMy WebLinkAboutCriteria for the option to provide land in lieu of building affordable housing units in a subdivision OMAILING ADDRESS: OFFICE LOCATION: Town Hall Annexe P.O. Box 1179 54375 State Route 25 � �� Southold, NY 11971 (cor. Main Rd. &Youngs Ave.) N Telephone: 631 765-1938 Southold, NY www.southoldtownny.gov 49 ` Q A� PLANNING BOARD OFFICE TOWN OF SOUTHOLD THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD PLANNING BOARD ON MARCH 11, 2019: WHEREAS, pursuant to Town Code §240-10 B(2)(c)[1], every new standard residential subdivision involving the creation of five or more lots shall comply with the requirement to provide affordable housing,where twenty percent of the lot yield shall be set aside for moderate-income family dwelling units (MIFDUs) as defined in the Affordable Housing District, §§ 280-24 through 280-33; and WHEREAS,pursuant to Town Code §240-10 B(2)(c)[2],upon application to the Planning Board, the requirement to build 20% of the total number of units as MIFDUs in the subdivision may be waived. This requirement may be waived only upon the applicant's choosing any one or combination of options pursuant to a plan that is acceptable to the Planning Board and furthers the goals for creating a variety of affordable housing opportunities within the Town; and WHEREAS,pursuant to Town Code §240-10 B(2)(c)[2][c], one of the options is for the applicant to provide property with development rights equal to the number of the required MIFDU units not constructed in the subdivision, to the Town of Southold Housing Fund, North Fork Housing Alliance, Community Land Trust of Southold Town, or other similar organization approved by the Town Board for the sole purpose of developing affordable housing on the site; and WHEREAS, the Planning Board has determined that criteria are necessary to assist in determining whether the land that is offered under this option,whether it be to the Town or another entity,is acceptable and furthers the goals of the Town for affordable housing; NOW,THEREFORE, BE IT RESOLVED that the Planning Board of the Town of Southold hereby adopts the policy memorandum entitled"Criteria for the Option to Provide Land in Lieu of Building Affordable Housing Units in a Subdivision", dated March 11, 2019 and attached hereto.