How many family units necessitate an ownership disclosure statement to be filed with a variance application?

How many family units necessitate an ownership disclosure statement to be filed with a variance application?

• A. 5 Family Units
• B. 10 Family Units
• C. 15 Family Units
• D. 25 Family Units

Answer: (B)

In New Jersey, an ownership disclosure statement is required to be filed with a variance application when the application involves a property that encompasses 10 or more family units. This requirement is in place to ensure transparency in the ownership of properties that may significantly impact the community, especially in zoning matters. Such disclosures allow for a better understanding of who holds the rights over a property, which is crucial for governance, stakeholder involvement, and community planning discussions. Thus, the correct answer reflects the specific threshold set by the regulations regarding multifamily housing developments needing to provide this disclosure when seeking a variance.

In New Jersey, an ownership disclosure statement is required to be filed with a variance application when the application involves a property that encompasses 10 or more family units. This requirement is in place to ensure transparency in the ownership of properties that may significantly impact the community, especially in zoning matters. Such disclosures allow for a better understanding of who holds the rights over a property, which is crucial for governance, stakeholder involvement, and community planning discussions. Thus, the correct answer reflects the specific threshold set by the regulations regarding multifamily housing developments needing to provide this disclosure when seeking a variance.