E.__"Internal open space" means a component of common open space consisting of one or more parcels with a minimum area of 500 square feet, of a distinct geometric shape and bounded by streets or other rights-of-way.

F.__"Precertified development" means a development that, prior to final approvals by a local board, has been reviewed by the board established in subsection 4 and certified as an affordable neighborhood development.

2.__Applicability.__This section applies to a project if a municipality and a developer agree that the project will be regulated as an affordable neighborhood development under this section.

3.__Eligibility for funding.__A municipality in which an affordable neighborhood development is constructed pursuant to this section is eligible for funding from the Affordable Neighborhood Development Fund, created in section 4757, for school construction and renovation costs, transportation costs, sewer and water costs and open space costs.__The board can not release funds pursuant to this subsection until a certificate of occupancy is issued.

4.__State Affordable Neighborhood Development Review Board. The State Affordable Neighborhood Development Review Board, referred to in this section as "the board," is established within the Maine State Housing Authority.

A.__The board consists of the following 6 members:

(1)__The Director of the Maine State Housing Authority or the director's designee, who is the chair;

(2)__The Director of the State Planning Office or the director's designee;

(3)__The Commissioner of Environmental Protection or the commissioner's designee;

(4)__A landscape architect certified in the State, appointed by the Governor;

(5)__A town or city planner employed by a municipality in the State, appointed by the Governor; and