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Northvale council reviews major Fair Share housing ordinance; inclusionary overlay set‑aside raised to 20%
Summary
Council discussed a lengthy ordinance implementing a Fair Share settlement to create low‑ and moderate‑income housing, including raising inclusionary set‑asides from 15% to 20%, increasing allowable density in an industrial overlay and adding affordability controls and administrative oversight.
The Northvale mayor and council discussed a comprehensive affordable‑housing ordinance connected to the borough’s Fair Share settlement, proposing zoning and affordability changes intended to satisfy state requirements.
Mayor (unnamed) described an ordinance under the Fair Housing framework that creates a legal structure for very low, low and moderate‑income units, establishes an administrative agent and specifies affordability controls including rental caps, sales price caps and affirmative marketing. The…
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