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LOCAL LAW AMENDING CHAPTER 43 OF THE CODE OF THE CITY OF YONKERS TITLED "ZONING" BY AMENDING ARTICLE XV IN RELATION TO AFFORDABLE HOUSING
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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 to amend Article XV titled "Affordable Housing" to read as follows:
Article XV. Affordable Housing
? 43-190. Title.
This article shall be known as the "Affordable Housing Ordinance" of the City of Yonkers.
? 43-191. Declaration of purpose.
This Affordable Housing Ordinance is adopted in furtherance of the following related and more specific purposes:
A. To implement a program whereby all newly constructed or substantially rehabilitated multifamily housing developments in Yonkers will be required to include Affordable Housing Units.
B. To provide for the construction and rehabilitation of housing units for rental or sale that will be affordable to households earning between 3040% and 100120% of the Westchester County area median income Area Median Income.
C. To provide for a variety of affordable housing units Affordable Housing Units in both size and type.
D. To promote affordable housing units Affordable Housing Units throughout the City.
E. To promote the provision of affordable housing units Affordable Housing Units in a dispersed manner.
F. To provide measures to ensure that affordable housing units Affordable Housing Units remain affordable for specified periods of time.
? 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 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 ...
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