Spring Valley, N.Y., Code of Ordinances ch. 60 (eCode360 ed. 2026) § 60-3
Affordable housing set-aside
Operative Text
A. Every multifamily housing development for which municipal approval is sought after the date of the enactment hereof, excluding any project presently pending before the Planning Board, Village Board or Zoning Board of Appeals of the Village of Spring Valley, shall set aside a minimum of 10% of the dwelling units in said development as affordable housing units affordable for ownership or rent as set forth herein. B. "Affordable for ownership" shall mean ownership housing which is affordable to families earning between 60% and 120% of median family income for Rockland County as derived from income limits published annually by the United States Department of Housing and Urban Development ("HUD"), as adjusted for family size, as determined by a qualified institutional lender willing to underwrite a mortgage or co-op loan based on standard underwriting criteria. C. Affordable for rent shall be determined based on the ratio of monthly housing costs to income where such costs, including rent, association charges, gas, electric and water utilities shall not exceed 33% annually of 60% to 120% of the median family income for Rockland County as derived from income limits published annually by the United States Department of Housing and Urban Development ("HUD"), as adjusted for family size.Under Spring Valley, N.Y., Code of Ordinances ch. 60 § 60-3, any new multifamily housing development that requires municipal approval must reserve at least 10% of its dwelling units as affordable housing. Affordability is defined by reference to Rockland County median family income figures published annually by HUD, covering households earning between 60% and 120% of that median, adjusted for family size. The rule applies separately to ownership units—where a qualified lender must be willing to underwrite a mortgage or co-op loan—and to rental units, where total monthly housing costs (including rent, association charges, and utilities) cannot exceed 33% of the applicable income threshold annually.
Plain English — not legal advice.
Developers and property owners seeking municipal approval for a new multifamily project in Spring Valley should be aware that ch. 60 § 60-3 requires that at least one in ten units be designated as affordable. For ownership units, compliance generally involves working with a qualified institutional lender whose underwriting confirms affordability within the 60%–120% of Rockland County median family income range. For rental units, operators typically structure rents and utility arrangements so that combined monthly housing costs stay within the 33% annual income ratio specified in the ordinance, using the current HUD-published income limits for Rockland County as the benchmark.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Spring Valley, N.Y., Code of Ordinances ch. 60 § 60-3 establishes that at least 10% of units in qualifying new multifamily developments must be made available as affordable housing, giving income-eligible households a potential pathway into those developments. Renters may qualify if their household income falls between 60% and 120% of the Rockland County median family income as published by HUD, and total monthly housing costs—including rent and utilities—must not exceed 33% of that income threshold. Tenants who believe a development subject to this provision is not meeting its affordable set-aside obligations may consider contacting the Village of Spring Valley directly, reaching out to a local tenant-rights organization, or consulting with a housing attorney to understand available options.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 9, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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