AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR LONG TERM TAX ABATEMENT TO CASA MIA APARTMENTS URBAN RENEWAL, LLC, C/O CAPITAL REALTY GROUP, INC., 86 ROUTE 59 EAST SPRING VALLEY, NEW YORK 10977, FOR A PROJECT, LOCATED IN THE NORTH WARD AT 502-504 SUMMER AVENUE, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 625, LOT 46 (THE “PROPERTY”), TO REHABILITATE A SIX (6) STORY ELEVATOR 100% AFFORDABLE SENIOR-LIVING RESIDENTIAL RENTAL BUILDING WITH A TOTAL OF NINETY-ONE (91) RESIDENTIAL UNITS, CONSISTING OF NINE (9) RESIDENTIAL RENTAL UNITS WHICH SHALL BE RESTRICTED TO TENANTS UP TO 60% OF AREA MEDIAN INCOME (“AMI”) (THE “INCOME RESTRICTED UNITS”), AND ONE (1) NON-INCOME SUPERINTENDENT UNIT (NORTH WARD). Deferred 6PSF-f 120325

Committee

Economic and Housing Development

Introduced

January 27, 2025

On agenda

November 25, 2025

Passed

December 17, 2025

Where it was heard

Municipal Council Dec 17, 2025 Close on Public Hearing and Adopt Pass Municipal Council Dec 3, 2025 Defer Pass Municipal Council Nov 25, 2025 Advance and Adopt on First Reading as 6F- Pass

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