rehabilitation manuals shall be available for public inspection in the Office of the Municipal Clerk and on the municipal affordable housing web page.
f. Households determined to be very low-, low-, or moderate-income may participate in a rehabilitation program. Rehabilitated units shall be exempt from the very low-income requirements, low/mod split, and bedroom distribution requirements of UHAC, but shall be administered in accordance with the following:
i. If a unit is vacant at the time of rehabilitation, or if a rehabilitated unit becomes vacant and is re-rented before the expiration of the affordability controls, the deed restriction shall require that the unit be rented to a low- or moderate-income household at an affordable rent.
ii. If a rental unit is occupied by a tenant at the time rehabilitation is completed, the rent charged after rehabilitation shall not exceed the lesser of the tenant’s current rent or the maximum rent permitted under UHAC.
iii. Rents in rehabilitated units may increase annually based on the standards in UHAC.
iv. At the time of application, applicant households and/or tenant households shall be subject to income eligibility determinations in accordance with UHAC.
3. Market to Affordable program (per N.J.A.C. 5:97-6.9).
a. The market to affordable program permits the purchase or subsidization of unrestricted units through a mortgage write-down provided to an income-certified buyer or through a sale or rental as a low- or moderate-income unit to an income-eligible household. The market to affordable program may produce both low- and moderate-income units.
b. At the time they are offered for sale or rental, eligible units may be new, pre-owned or vacant.
c. The units shall be certified to be in sound condition as a result of an inspection performed by a licensed building inspector.
d. A minimum subsidy of $25,000 per moderate-income unit and/or $30,000 per low-income unit shall be provided, with additional subsidy depending on the market prices or rents in a municipality.
e. The units shall comply with UHAC with the following exceptions:
v. Bedroom distribution (N.J.A.C. 5:80-26.4).
vi. Low/moderate income split (N.J.A.C. 5:80-26.4).
f. Affordability average (N.J.A.C. 5:80-26.4); however:
i. The maximum rent for a moderate-income unit shall be affordable to households earning no more than 60 percent of median income and the