AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 69 SHERMAN AVENUE URBAN RENEWAL CO., LLC, 27 AUSTIN STREET, NEWARK, NEW JERSEY 07114, FOR A PROJECT TO CONSTRUCT A NEW FIVE (5) STORY BUILDING WITH A TOTAL OF FORTY-FOUR (44) AFFORDABLE HOUSING RENTAL UNITS WHICH SHALL BE RESTRICTED TO TENANTS AT 60% OF AREA MEDIAN INCOME (“AMI”) AND 44 GROUND FLOOR PARKING SPACES, LOCATED AT 69-81 SHERMAN AVENUE, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 2803, LOT 20.01 (SOUTH WARD).

Committee

Economic and Housing Development

Introduced

April 25, 2024

On agenda

April 16, 2025

Passed

May 7, 2025

Where it was heard

Municipal Council May 7, 2025 Close on Public Hearing and Adopt Pass Municipal Council Apr 16, 2025 Advance and Adopt on First Reading as 6F- Pass

Watch Newark

Say what matters to you — a street, a company, a subject — and we will email you when Newark files something about it.

Watch this

Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.