25-1663
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: To determine whether the proposed Project will meet(s) an existing housing need within the City of Newark, pursuant to the provisions of the New Jersey Housing and Mortgage Finance Agency Law of 1983, as amended (N.J.S.A. 55:14K-1 et seq.), the rules promulgated thereunder at N.J.A.C. 5:80-1 et seq., and all applicable guidelines. Entity Name: 489-599 Irvington Avenue Urban Renewal, LLC Entity Address: 2 Cooper Street, Camden, New Jersey 08102 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $ 154,145,245.00 City Contribution: N/A Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 489-559 Irvington Avenue/Block 4274/Lot 1/West Ward Additional Information:
- Committee
- Economic and Housing Development
- Introduced
- December 12, 2025
- On agenda
- December 17, 2025
- Passed
- December 17, 2025