SAYREVILLE – The Borough Council has memorialized an agreement with a developer who intends to construct two affordable housing projects in Sayreville.
On Aug. 16, council members passed a resolution memorializing the affordable housing agreement between the borough and K-Land Corp. (Kaplan Companies). Kaplan is the developer of Camelot at Sayreville I and Camelot at Sayreville II, a pair of residential housing projects that were established to help the borough meet its affordable housing obligations.
Both projects are defined as “inclusionary developments” as they include both affordable and market-rate units.
Council President Kevin Dalina and council members Vince Conti, Damon Enriquez and Mary Novak voted “yes” on memorializing the affordable housing agreement. Councilwoman Donna Roberts voted “no”. Councilwoman Michele Maher was absent from the meeting.
Members of the governing body did not offer comments on their votes.
According to the resolution, the agreement establishes which units will be designated as affordable.
Affordable housing is defined as housing that is sold or rented at below market rates to individuals and families whose income meets certain guidelines. All municipalities in New Jersey are required to provide affordable housing by the courts.
Sayreville’s requirement is 785 affordable units.
According to borough officials, Camelot I will have 168 residential units, with a minimum of 10 units designated as affordable housing. Camelot II will have 150 residential units, with a minimum of eight units designated as affordable housing. Both also may have an additional 10 units, but are not permitted have more than 318 units combined.
As noted in the resolution, the amount of market-rate and affordable units in the Kaplan developments were determined through a settlement agreement in 2018 after Kaplan filed and became an intervener in Sayreville’s affordable housing litigation.
Originally, Camelot I was to have 173 units, with 26 units designated as affordable housing, and Camelot II was to have 300 units, with 45 units designated as affordable housing. The number of units for both developments were reduced following the settlement agreement.