Introduced by Mr. Smith, Chair (by request of the County Executive)
FOR the purpose of modifying fees paid into the Housing Trust Special Revenue Fund; exempting moderately priced dwelling units by a certain percentage from capital facility connection charges; modifying the requirements for a sketch plan application, final plan application, and site development plan; exempting moderately priced dwelling units from development impact fees; adopting new Title 12, entitled “Moderately Priced Dwelling Units” in the Subdivision and Development Article of the Code; defining certain terms; providing for the applicability of the new Title; requiring the establishment of moderately priced dwelling units in certain residential developments; allowing for payment of a fee in lieu of providing moderately priced dwelling units under certain circumstances; requiring an application and agreement with specified terms for a residential development required to include moderately priced dwelling units; establishing eligibility requirements for purchase or rental of moderately priced dwelling units; providing a method for establishing sale and rental prices for moderately priced dwelling units; providing the method of initial and subsequent sale and rental of moderately priced dwelling units; requiring income review and information for continued eligibility to rent moderately priced dwelling units; providing for notice and disposition of proceeds from foreclosure proceedings related to moderately priced dwelling units; requiring covenants for moderately priced dwelling units; permitting bulk transfers of moderately priced dwelling units under certain circumstances; providing for the conversion of rental moderately priced dwelling unit to condominiums or cooperatives; permitting the program administrator to waive certain requirements of the new Title under certain conditions; providing a right of appeal; providing for a density bonus for developments containing moderately priced dwelling units under certain circumstances; exempting certain residential development started before a certain date from the provisions of this Ordinance; providing for a delayed effective date; and generally relating to finance, taxation, and budget, subdivision and development, and zoning.