a. For the purpose of this ordinance, a "low income household" shall be a household earning fifty (50%) percent or less of the area median income, adjusted by household size, and a "moderate income household" shall be a household earning between fifty and eighty (50%-80%) percent of the area median income adjusted by household size. The area median income shall be the most recent median income figures promulgated by the United States Department of Housing and Urban Development for the Morris County PMSA, unless said figures are superseded by a court of competent jurisdiction or the New Jersey Council on Affordable Housing

b. Within the Affordable Housing Zone or the Townhouse Zone, where applicable, the low and moderate income units shall be priced as follows.

1. The average price of low and moderate income units shall be, as best as practicable, affordable to households at fifty seven and one-half (57.5%) percent of median income as contained in N.J. A.C. 5:92-12 4.

2. In devising a range of affordability for purchased housing, the Township of Denville shall provide, as best as practicable, for the following distribution of prices for every twenty (20) low and moderate income units-