Spring Valley, N.Y., Code of Ordinances ch. 60 (eCode360 ed. 2026) § 60-4
Affordable housing contributions
Operative Text
In lieu of setting aside the units required by § 60-3 hereof, the developer of a multifamily housing development may, on a majority vote of the Village Board prior to the first of any required municipal approvals, pay an affordable housing contribution, it being understood that the strong preference of the Board of Trustees is for the inclusion of affordable housing units in the development rather than the payment of the affordable housing contribution. The affordable housing contribution may be satisfied by the contribution of equivalently appraised real property if so determined by the Board of Trustees.
Section 60-4 of Spring Valley's Code of Ordinances establishes an alternative path for multifamily housing developers who would otherwise be required to include affordable housing units under § 60-3. Instead of setting aside those units, a developer may pay a monetary contribution—or contribute equivalently appraised real property—provided the Village Board approves the substitution by majority vote before any required municipal approvals are granted. The ordinance explicitly states that the Board of Trustees strongly prefers actual affordable units within the development over the payment or property-contribution alternative.
Plain English — not legal advice.
Under § 60-4, a developer seeking to use the affordable housing contribution option rather than including on-site units must secure a majority vote from the Village Board before the first municipal approval is sought—timing is critical, as the option is not available after that threshold. Compliant operators typically document the Board's preference for in-unit affordable housing and prepare a clear case for why the contribution alternative is appropriate for their specific project. The contribution itself may be satisfied in cash or through the donation of equivalently appraised real property, subject to the Board of Trustees' determination.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 60-4 affects the supply of affordable housing units in Spring Valley by allowing developers to pay a fee or contribute property instead of building affordable units, though the Village Board must approve this substitution and officially prefers on-site affordable units. Tenants and housing advocates can monitor Village Board meeting agendas and public records to track when such votes occur under § 60-4, since the approval must happen before any municipal approvals are granted. Those with concerns about a development's compliance with the affordable housing requirements may consider contacting the Village Board directly or reaching out to a local tenant-rights organization for guidance.
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.
Effective Timeline
References In
Rules and statutes that cite this regulation