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411.6 Decision of the Planning Board. The Planning Board shall consider the application for <br /> approval of a ROAD District Development Plan and grant its approval or disapproval after a <br /> duly advertised public meeting of the Planning Board within forty five (45) days of the filing of <br /> the application and plan with the Town Clerk and the Planning Board. The plan must be <br /> approved by a majority of the Planning Board membership. In no case may the Planning <br /> Board approve a plan with less than 3 affirmative votes. If the Planning Board fails to grant <br /> approval or render disapproval of the application and plan within said forty five (45) day period <br /> the application and plan shall be deemed disapproved without prejudice. Said requirement of <br /> approval or disapproval within forty five (45) days of filing with the Town Clerk and the <br /> Planning Board, may be extended by written agreement between the Planning Board and the <br /> applicant. If the Planning Board disapproves an application, it is incumbent on the applicant to <br /> either resubmit a revised ROAD application for approval, or proceed by complying with the <br /> Yarmouth Zoning Bylaws. Only after approval by the Planning Board of a ROAD District <br /> Development Plan (said approval to be noted by the applicant as an endorsement on said <br /> development plan) may the applicant file for a ROAD District Development Special Permit with <br /> the Board of Appeals pursuant to section 411.5 and section 103.2. <br /> 412 AFFORDABLE HOUSING <br /> 412.1 Affordable Housing <br /> 412.1.1 Purpose. The purpose of this bylaw is to increase the supply of housing that is <br /> available and permanently affordable to low or moderate income households. <br /> It is intended that the affordable housing units created under this bylaw qualify as low or <br /> moderate income units for purposes of M.G.L. ch. 40B, sec. 20-23 and shall be in compliance <br /> with 760 CMR 56.00 the Local Initiative Program (LIP) and meet the guidelines and standards <br /> promulgated thereunder by the Department of Housing and Community Development (DHCD) <br /> for inclusion in the DHCD Ch 40B Subsidized Housing Inventory as Local Action Units. <br /> Nothing in this bylaw shall preclude a developer from providing more affordable housing units <br /> than required hereunder. <br /> 412.1.2 Applicability. This bylaw section is applicable to affordable housing units created in <br /> accordance with Bylaw sections 404 Motels, 414 Village Centers Overlay District, 412.2 <br /> Inclusionary Zoning, 412.5 Affordable Lots or by a Special Permit Granting Authority. This <br /> bylaw does not apply to affordable dwelling units created with a Comprehensive Permit. <br /> 412.1.3. Preservation of Affordability & Restrictions. Each affordable housing unit shall be <br /> subject to an encumbrance such as an affordable housing restriction and/or regulatory <br /> agreement as defined by M.G.L., ch. 184, sec. 31 and as approved by the Town which shall <br /> ensure that the affordable housing shall be affordable in perpetuity. The affordable housing <br /> restriction and/or a regulatory agreement shall be, recorded at the Barnstable County Registry <br /> of Deeds and shall be in force in perpetuity, or for the maximum period of time allowed by law, <br /> so as to be binding on and enforceable against any person claiming an interest in the property <br /> and shall conform to the following: <br /> 1. The affordable housing restriction shall meet the requirements of the Local Initiative <br /> Program (LIP), 760 CMR 56.00 Local Initiative Program (LIP) and guidelines <br /> 93 <br />