New Brunswick Housing Authority approves Fulton Square redevelopment agreement revisions

The New Brunswick Housing Authority Board convened on June 25, 2025, to discuss key resolutions and updates regarding local housing projects. The meeting primarily focused on the approval of bills and revisions to a redevelopment agreement with Fulton Square Urban Renewal LLC.

The board unanimously passed a resolution authorizing the payment of bills for April 2025. All present commissioners voted in favor, with Commissioner Dunlap absent from the meeting.

A significant topic of discussion was the revision of the redevelopment agreement concerning the Fulton Square project. Commissioner Waldy raised questions about the timeline for the project, specifically regarding the submission of a modified concept plan. Mr. Hoffman, representing Fulton Square, clarified that the developers must submit this plan within four months of executing the agreement. Following this, they will have three months to present it to the planning board and an additional 90 days to secure all necessary permits. Construction is expected to commence within 90 days after obtaining permits, with a two-year completion timeline.

The board emphasized the importance of establishing strict milestones to ensure accountability and progress, given the project's lengthy duration thus far. This structured approach aims to keep all parties aligned and responsible for timely advancements.

Overall, the meeting underscored the board's commitment to moving forward with housing development in New Brunswick while ensuring that all stakeholders meet their obligations. The next steps will involve monitoring the progress of the Fulton Square project as it moves through the necessary planning and permitting phases.