.LOCAL LAW -2026
BY:
LOCAL LAW AMENDING CHAPTER 43 OF THE CODE OF THE CITY OF YONKERS TITLED "ZONING" BY AMENDING ARTICLE XV IN RELATION TO AFFORDABLE HOUSING
Be it enacted by the City Council of the City of Yonkers as follows:
Section 1. Chapter 43 of the Code of the City of Yonkers titled "Zoning" is hereby amended, in part, by amending Section 43-192, "Definitions of terms" as follows:
? 43-192. Definitions of terms.
As used in this article, the following terms shall have the following meanings as indicated:
AFFORDABLE HOUSING TRUST FUND (AHTF) - A trust fund created for the use of receiving funds from developers required to provide Affordable Housing Units that have been granted the option of paying into the AHTF in lieu of developing the required number of affordable units. The AHTF shall further the purpose of the renovation, rehabilitation, and/or remediation of units and infrastructure dedicated for affordable housing. The AHTF Committee must apply at least 50% of the AHTF funds to assist projects promoting the construction, rehabilitation or redevelopment of units that will be affordable to households earning between 30% and 49% of AMI. The AHTF Committee shall apply 10% of the AHTF funds to the assistance of housing for seniors or disabled persons. The AHTF Committee shall apply the remaining 40% of the AHTF funds to such other purposes as it deems appropriate to further the purposes of this article. All decisions by the AHTF Committee regarding the allocation of funds are within its discretion. Nothing in this article shall be construed as providing to any developer or other applicant any AHTF funds or other subsidy from the City as a matter of right.
AFFORDABLE HOUSING TRUST FUND COMMITTEE (AHTF COMMITTEE) - A committee composed of the following five seven voting members: the Mayor of the City of Yonkers, or his/her designee; a member appointed by the Mayor, the Deputy Mayor of the City of Yonkers, or his/her designee;...
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