Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Execute Affordable Housing Agreement for SLFRF Funds Purpose: To authorize the execution of a Deed Restrictive SLFRF Affordable Housing Agreement to Bergen Street Redevelopment Urban Renewal LLC for the construction of two (2) mixed-use buildings with a total of forty-two (42) residential units, six (6) of which shall be SLFRF affordable housing units deed-restricted for use and occupancy by individuals or households having annual incomes less than sixty percent (60%) of the AMI. Entity Name: Bergen Street Redevelopment Urban Renewal LLC Entity Address: 953 Bergen Street, Newark, New Jersey 07112 Grant Amount: $1,534,126.83 Funding Source: Federal SLFRF Program Funds Contract Period: Date of adoption by the Municipal Council through the expiration of the twenty (20) year Affordability Period. 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) 1057-1059 Bergen Street/Block 3660/Lot 11/South Ward 1037-1047 Bergen Street/Block 3661/Lot 3/ Additional Lots 5 and 8 South Ward Additional Information:

What this record is

Held by

Bergen Street Redevelopment Urban Renewal LLC

Amount

$1.53M

Runs until

no end date published in this record

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

September 3, 2026

On agenda

September 9, 2026

Passed

September 9, 2026

Where it was heard

Municipal Council Sep 9, 2026 Adopt Pass

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