Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Execute a Deed Restrictive Affordable Housing Agreement for HOME ARP Funds Grant Purpose: To authorize the execution of a Deed Restrictive HOME ARP Affordable Housing Agreement with New Community Homes Development LP, for the construction of a new four-story apartment building consisting of forty (40) one-bedroom units and eighty (80) two-bedroom units, with eleven (11) of such units to be subsidized by the City and designated as HOME ARP Program Units to serve households who are homeless, indigent or at risk of being homeless (as defined in 24 C.F.R. §91.5 as part of the HOME-ARP Program) having annual incomes of 30% or less of Area Median Income as determined using the standards set by the Department of Housing and Urban Development for the HOME ARP Program upon real property located at 202 South Orange Avenue (Central Ward) of the Tax Map of the City of Newark, County of Essex, State of New Jersey (Block 242, Lot 1) (Central Ward), which Project shall be a part of the City’s First Amendment to the Central Ward Redevelopment Plan, adopted on August 17, 2005, by Ordinance No. 6PhS+FE(s), as amended to date. Entity Name: New Community Homes Development LP Entity Address: 233 West Market Street, Newark, New Jersey 07103 Grant Amount: $3,600,000.00 Funding Source: Federal HOME ARP Program Funds Contract Period: HOME ARP Program Funds must be expended within forty-eight (48) months from the date of adoption. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 202 South Orange Avenue (Central Ward) of the Tax Map of the City of Newark, County of Essex, State of New Jersey (Block 242, Lot 1) (Central Ward) Additional Information:

What this record is

Held by

New Community Homes Development LP

Amount

$3.60M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

Field

Construction

construction contracts in NJ that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

Economic and Housing Development

Introduced

July 11, 2025

On agenda

August 6, 2025

Passed

August 6, 2025

Where it was heard

Municipal Council Aug 6, 2025 Adopt Pass

Watch what Newark buys

This is one award. Newark signs them continuously, and each one names a company and a date it runs out. Say what you sell and we will email you when the next one matches.

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.