AN ORDINANCE GRANTING A TWENTY (20) YEAR LONG TERM TAX ABATEMENT TO GOMES GREEN URBAN RENEWAL, LLC, 91 KOSSUTH STREET, NEWARK, NEW JERSEY 07105 FOR A PROJECT, LOCATED IN THE EAST WARD AT 64-68 EMMET STREET, NEWARK, NEW JERSEY 07114 AND IDENTIFIED AS BLOCK 2807, LOT 9.02 ON THE TAX MAP OF THE CITY (THE “PROPERTY”), TO CONSTRUCT TWENTY-EIGHT (28) RESIDENTIAL RENTAL UNITS CONSISTING OF TWENTY-TWO (22) ONE-BEDROOM MARKET RATE RESIDENTIAL RENTAL UNITS, (THE “MARKET RATE UNITS”) AND SIX (6) AFFORDABLE HOUSING RENTAL UNITS OF WHICH ONE (1) ONE-BEDROOM UNIT SHALL BE RESTRICTED TO TENANTS AT 40% OF AREA MEDIAN INCOME (“AMI”), TWO (2) ONE-BEDROOM UNITS SHALL BE RESTRICTED TO TENANTS AT 60% OF AMI, AND THREE (3) ONE-BEDROOM UNITS SHALL BE RESTRICTED TO TENANTS AT 80% OF AMI (THE “INCOME RESTRICTED UNITS”) AND EIGHTEEN (18) PARKING SPACES (COLLECTIVELY, THE “PROJECT”) (EAST WARD).

Committee

Economic and Housing Development

Introduced

January 27, 2025

On agenda

September 4, 2025

Passed

September 17, 2025

Where it was heard

Municipal Council Sep 17, 2025 Close on Public Hearing and Adopt Pass Municipal Council Sep 4, 2025 Advance and Adopt on First Reading as 6F- Pass