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Regional Contribution Agreement (RCA definition

Regional Contribution Agreement (RCA means the transfer pursuant to N.J.S.A. 52:27D-312 of up to 50 percent of a municipality’s growth share obligation to another municipality within its housing region by means of a contractual agreement into which two municipalities voluntarily enter. Housing units developed pursuant to an RCA shall be included in the total number of affordable units developed in the sending municipality.
Regional Contribution Agreement (RCA means a contractual agreement, pursuant to the Act, into which two municipalities voluntarily entered to transfer a portion of a municipality’s fair share obligation to another municipality within its housing region.
Regional Contribution Agreement (RCA means a contractual agreement, pursuant to the Act, into which two municipalities voluntarily

Examples of Regional Contribution Agreement (RCA in a sentence

  • The plan recommended eliminating Mt. Laurel overlay zoning, establishing a rehabilitation program and entering into a Regional Contribution Agreement (RCA) with a receiving community.

  • The Township Committee will discuss an update by the Mayor for a proposed Regional Contribution Agreement (RCA).

  • Today we are transforming the state’s almost barren affordable housing landscape from one of lost opportunities to one of hope and promise for thousands of families.” The bill, A500/S1783, effectively ends the Regional Contribution Agreement (RCA) as means to address affordable housing requirements under the Fair Housing Act.

  • As noted previously, the Borough’s Regional Contribution Agreement (RCA) resulted in the rehabilitation of 100 affordable housing units in the municipality which more than satisfies its Rehabilitation obligation of 14 units.

  • The Agreement indicates Chatham will satisfy the Third Round Obligation in the followingmanner: • Eight (8) units relating to a Regional Contribution Agreement (RCA) with City of Newark approved by the Council on Affordable Housing on November 6, 1996.

  • The Borough also had a balance remaining from funds transferred by a Regional Contribution Agreement (RCA) with the Township of Manalapan.

  • For example, in the December 20, 2004 regulations, N.J.A.C. 5:94, COAH established a residential growth share ratio of one affordable unit for every eight market rate units (one among nine), established a cost for a unit subject to a Regional Contribution Agreement (RCA) of$35,000 (N.J.A.C. 5:94-5.4), and a development fee of 1% (N.J.A.C. 5:94-6.6).


More Definitions of Regional Contribution Agreement (RCA

Regional Contribution Agreement (RCA means a contractual agreement, pursuant to the Act, voluntarily entered into by two municipalities to transfer a portion of one municipality’s fair share obligation to another municipality within the same housing region.
Regional Contribution Agreement (RCA means the transfer pursuant to

Related to Regional Contribution Agreement (RCA