Ultimately, a Settlement Agreement which was executed by the City of Summit and FSHC,  sets forth the extent of Summit’s prior need and prospective need obligations. The parties have agreed upon the following obligations for the City for the period from 1987 through July 1, 2025: a rehabilitation obligation of 131 units, a Prior Round obligation of 171 units, and a Prospective Need obligation of 567 units.

The Settlement Agreement also affirms, irrespective of the above, that the City’s realistic development potential (RDP) is thirty-six (36) units, which was based upon a vacant land adjustment (VLA) analysis as well as analyses of pending and existing affordable housing developments approved since 1999. In addition, the Settlement Agreement notes the manner in which the City is to address its affordable housing obligation and identifies its Unmet Need of 702 units (567 prospective need + 171 prior round obligation - 36 RDP = 702).

The manner in which the City has agreed to address its need is through the identification of a variety of existing affordable housing units and pending development applications, overlay zones and the use of existing multi-family zones in the City. To address RDP and unmet need the Plan seeks twenty credits for existing group homes, nineteen credits for other existing affordable housing units, and the use of ten credits from pending development applications. In addition, the Plan identifies a number of overlay zones wherein attached residential development with affordable housing set-asides may be developed, and the manner in which the City will attempt to ‘facilitate’ the development of up to fifty new affordable housing units on scattered sites as its effort to address unmet need. Furthermore, the Plan identifies the extensive areas in the City already zoned for multi-family housing. These are all detailed in the body of the report below.