Common use of Satisfaction of the Round 3 RDP Clause in Contracts

Satisfaction of the Round 3 RDP. The Township has a 131-unit Round 3 RDP + 20 additional units and shall satisfy that obligation as follows: Project Units Bonus Status Riverfront – family rental 3 3 Existing Woodmont – family rental 3 3 Existing Needlepoint – family rental 1 1 Existing Lincoln – Senior Rental 37 (of 63*) Existing Homefirst (18b Parkway Village) 4 Existing Homefirst #2: (117 Xxxxxxxx) 3 Existing Bridgeway (304 Lincoln) 2 Existing SERV (125 Xxxxx Street) 4 Existing Community Access Unlimited (CAU) 00 Xxxxxxx Xxx 6 Existing 310 Centennial - Family rental 2 2 Under Construction 109 Walnut – Family rental 4 4 Constructed XX Xxxxxxx - Family rental 3 3 Proposed North Ave Redevelopment – family rental 8 2 Proposed Myrtle Special Needs 8 8 Proposed 201 Walnut (Xxxxx Fargo) – Family rental 8 7 Proposed 750 Walnut (Block 541, Lot 2) – Inclusionary 49 - Proposed Market-to-Affordable 5 Cranford agrees to provide a realistic opportunity for 5 units through a market-to- affordable program in accordance with the terms of paragraph 9.c of this Agreement. CAU additional beds or other Group Home bedrooms 7 Cranford agrees to provide a realistic opportunity for 5 units of supportive housing in accordance with the terms of paragraph 9.d of thisAgreement. Total 157 33 Grand Total 190

Appears in 3 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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Satisfaction of the Round 3 RDP. The Township has a 131-unit Round 3 RDP + 20 additional units and shall satisfy that obligation as follows: Project Units Bonus Status Riverfront – family rental 3 3 Existing Woodmont – family rental 3 3 Existing Needlepoint – family rental 1 1 Existing Lincoln Xxxxxxx – Senior Rental 37 (of 63*) Existing Homefirst (18b Parkway Village) 4 Existing Homefirst #2: (117 Xxxxxxxx) 3 Existing Bridgeway (304 Lincoln) 2 Existing SERV (125 Xxxxx Street) 4 Existing Community Access Unlimited (CAU) 00 Xxxxxxx Xxx 6 Existing 310 Centennial - Family rental 2 2 Under Construction 109 Walnut – Family rental 4 4 Constructed XX Xxxxxxx - Family rental 3 3 Proposed North Ave Redevelopment – family rental 8 2 Proposed Myrtle Special Needs 8 8 Proposed 201 Walnut (Xxxxx Fargo) – Family rental 8 7 Proposed 750 Walnut (Block 541, Lot 2) – Inclusionary 49 - Proposed Market-to-Affordable 5 Cranford agrees to provide a realistic opportunity for 5 units through a market-to- affordable program in accordance with the terms of paragraph 9.c of this Agreement. CAU additional beds or other Group Home bedrooms 7 Cranford agrees to provide a realistic opportunity for 5 units of supportive housing in accordance with the terms of paragraph 9.d of thisAgreement. Total 157 33 Grand Total 190

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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