AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO 369-378 18TH AVENUE URBAN RENEWAL, LLC, 1 ORIENT WAY, SUITE F #240, RUTHERFORD, NEW JERSEY 07070, FOR A PROJECT TO CONSTRUCT (11) MARKET RATE RESIDENTIAL RENTAL UNITS WITH (1) AFFORDABLE HOUSING RENTAL UNIT WHICH SHALL BE RESTRICTED TO TENANTS AT 60% OF AREA MEDIAN INCOME (“AMI”), AND (6) ASSOCIATED PARKING SPACES, LOCATED AT 369-379 18TH AVENUE, NEWARK, NEW JERSEY 07108 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 2609, LOT 1.12 (CENTRAL WARD).

Committee

Economic and Housing Development

Introduced

January 3, 2024

On agenda

August 7, 2024

Passed

September 18, 2024

Where it was heard

Municipal Council Sep 18, 2024 Close on Public Hearing and Adopt Pass Municipal Council Sep 5, 2024 Adopt on First Reading Pass Municipal Council Aug 7, 2024 Advance to First Reading Pass

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