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Council introduces zoning change for Victoria Plaza to meet fair‑share housing plan
Summary
Council introduced Ordinance 5‑20‑26 to create a mixed‑use affordable‑housing zone at the Victoria Plaza site as part of its court‑approved fair‑share plan. The ordinance is being sent to the planning board for master‑plan consistency review and aims to generate affordable‑housing credits and off‑site improvement funds.
Council introduced Ordinance 5‑20‑26 to add a mixed‑use, affordable‑housing zone (described in the meeting as RFMU mixed‑use multifamily affordable housing) covering the Victoria Plaza parcel. Administration and planning staff described the zoning change as an implementation step required by the borough’s fair‑share plan in the court process; the developer has also agreed to participate in an off‑site improvement fund.
The ordinance was introduced for master‑plan consistency and referred to the planning board. Council members noted the change predates the recent fire at that commercial complex and that the measure is intended to help the borough meet its affordable‑housing obligation while encouraging redevelopment of an underperforming commercial parcel.
