26-0889
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: Stella Gardens Preservation, LLC Entity Address: 250 West 55th Street, 35th Floor, New York, New York 10019 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low-Income Housing Tax Credit) Total Project Cost: $137,665,418.00 City Contribution: $0.00 Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 331-343 Springfield Avenue/Block 2544.08/Lot 1/Central Ward Additional Information:
- Committee
- Economic and Housing Development
- Introduced
- June 8, 2026
- On agenda
- June 17, 2026
- Passed
- June 17, 2026