AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR TAX ABATEMENT TO THE UNITY 12TH ST DEVELOPMENT URBAN RENEWAL, LLC, 429 CHESTNUT STREET, ROSELLE PARK, NEW JERSEY 07204, FOR A PROJECT LOCATED AT 666-676 SOUTH 12TH STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 2618, LOT 56 (SOUTH WARD) (THE “PROPERTY”) FOR THE REDEVELOPMENT OF THE PROPERTY BY CONSTRUCTING THEREON A FOUR-STORY RESIDENTIAL UNIT BUILDING CONSISTING OF TWENTY-FOUR (24) AFFORDABLE HOUSING RESIDENTIAL UNITS, OF WHICH AT LEAST THREE (3) UNITS SHALL BE RESTRICTED TO TENANTS UP TO 40% OF AREA MEDIAN INCOME (“AMI”) AND NO MORE THAN TWENTY-ONE (21) UNITS SHALL BE RESTRICTED TO TENANTS UP TO 60% OF AMI (COLLECTIVELY, THE “INCOME RESTRICTED UNITS”), AND TWENTY-FOUR (24) PARKING SPACES, (COLLECTIVELY, THE “PROJECT”).

Committee

Economic and Housing Development

Introduced

November 4, 2024

On agenda

May 21, 2025

Passed

June 4, 2025

Where it was heard

Municipal Council Jun 4, 2025 Close on Public Hearing and Adopt Pass Municipal Council May 21, 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.