Newark City Council defers housing projects while approving $12M in bonds

During the Newark Municipal Council meeting on May 6, 2025, a significant focus was placed on housing development and funding initiatives aimed at revitalizing the community. Council members discussed various construction projects, including the proposal for a new 16-unit residential building that will feature a mix of affordable and market-rate units in the South Ward. This project is part of a broader effort to address housing needs in the area.

Councilman Kelly proposed deferring two items related to the construction of new homes in the West and South Wards, indicating a desire for further review before moving forward. However, the council unanimously supported the advancement of the multifamily home project, highlighting a commitment to increasing housing availability.

In addition to housing, the council reviewed applications for urban enterprise zone funding, which will support citywide facade improvements, marketing events, and a small business revolving loan fund. Marcus Randolph from Invest Newark confirmed that these funds would be available to all five wards, ensuring broad access for local businesses.

A key financial decision was also made regarding the approval of $12 million in city-secured bonds. This funding will cover costs associated with the Path Home project, aimed at addressing homelessness, as well as the city's real property revaluation.

The discussions reflect Newark's ongoing efforts to enhance community infrastructure and support economic growth through strategic housing and funding initiatives. As these projects move forward, they are expected to have a lasting impact on the city's development and the well-being of its residents.