Wednesday, August 31, 2016

Ordinance No. 2016-40 Summary Oak street Core

"a more affordable ownership housing opportunity for a wide range of income groups while assuring compatibility with, and maintaining the stability and quality of existing neighborhoods"

The following Ordinance amends Chapter 18 of the Code of the Township of Lakewood, entitled “Unified Development Ordinance of 2005”, Article 9, entitled “Zoning Districts and Regulations”, by the addition of a New Section 18-912, entitled “Oak Street Core Residential Development” for purposes that the Oak Street Core Residential Development provisions of this Ordinance are designed to provide a more affordable ownership housing opportunity for a wide range of income groups while assuring compatibility with, and maintaining the stability and quality of existing neighborhoods, and to provide the opportunity for lower development costs and lower per-unit land costs that subsequently lower response to high-cost infill properties, and to promote a more efficient utilization of land, and to promote energy conservation. This Ordinance further outlines the

regulations and conditions for approval of minor subdivisions for residential development as permitted within the R-10A, B-3 and HD-7 zoning districts. It is not intended that this Article apply to places of worship or schools. This Ordinance further outlines regulations pertaining to Property Development
Standards, Review Procedures, and Criteria for Approval Development. (Any exhibits and/or attachments to this Ordinance are on file in the Office of the Lakewood Township Clerk)

6 comments:

  1. Is this another Lakewood commons affordable housing complex offered to everyone in a lottery or is it a chasidish complex being built by dishonest contractors and township officials?

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    Replies
    1. Lakewood Commons was and is a scam. Some lucky individuals get 10 years of no real estate tax. Everyone else gets tax hikes to cover their expenses.

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    2. But the rates of the homes were very cheap in the range of 150k just a few years ago

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  2. For a range of income groups as long as they can afford a $699k duplex.

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  3. Is this a joke? What part of this ordinance provides lower cost housing? Builders charge the most they can get for a house, and will still charge the most they can get.

    How does this not affect the neighborhood when you are adding 370 families to an already confested neighborhood?

    Letscall it what it is, a sweetheart deal so certain builders/developers can make even more money while putting the another nail in the coffin on the surrounding neighborhood.

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