The developer of Lots 18 and 31 in the AH-1 District may substitute 37 market units for 37 low- and moderate-income units, provided that at least 145 low- and moderate-income units are constructed on-site, and provided further that the sum of $6,700 per unit is contributed to the Township's housing trust fund for each of the 37 low- and moderate-income units that are not constructed. The developers shall pay 50% of the contribution at the issuance of a building permit, and the remainder at the issuance of a certificate of occupancy, provided that the contributions will only be collected after the required 145 low- and moderate-income units are constructed.
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