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Exhibit 1G
Affordable Housing Plan


PREPARED BY: Joel M. Rosen, Esq., An Attorney At Law of the State of New Jersey.

PITNEY, HARDIN, KIPP & SUCH
163 Madison Avenue
Morristown, New Jersey 07960

Forward
Cedars Development Corporation of New Jersey (The "Developer") will construct one hundred and six (106) Units restricted to occupancy by households meeting certain low and moderate income criteria within a development located in Bernards Township, Somerset County, New Jersey to be known as The Cedars, A Condominium (the "Project"). The Project is located on the property described in Exhibit A of the Master Deed for the Project (the "Master Deed"). These Units will be owned and occupied as described further in this Affordable Housing Plan (hereafter, the "Plan"), which is Exhibit G to the aforesaid Master Deed.

  1. Definitions
  2. Criteria for Qualifying to Purchase an Affordable Housing Unit
  3. Part of Association
  4. Floor Plans
  5. Location
  6. Master Deed Provisions; Part of Plan Duration; Amendment
  7. Affordable Housing Administrator
  8. Deed of Conveyance Provisions
  9. Statement of Exemption
  10. Exempt Transactions
  11. Violation of Plan
  12. Covenants Running With Land
  13. Effect of Foreclosure
  14. Obligations of Owners
  15. Townships's Rights to Cure
  16. Provisions for First Purchase Money Mortgages
  17. Surplus Funds
  18. Disclosure Statements
  19. Sections
  20. Service Upon Township
  21. Caption Headings
  22. Serverability
  23. Agreement
  24. Disclosure Statement
  25. Application for Purchase
This web site contains a copy of the Association's Master Deed and By-Laws. This has been included for easy reference for our unit owners. The Cedars at Basking Ridge Condominium Association and GSID do not warrant or guarantee the accuracy of the document as it appears in the web site and will not be responsible for any errors it may contain.


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