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Fulton Street developer offers $1 million community fund and five transitional units under proposed benefits agreement

2833640 · April 1, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City officials reviewed a proposed community benefits agreement for a Central Ward development at 16–32 Fulton Street that would provide five transitional housing units and a $1 million payment to the Community Economic Development Trust Fund; a public hearing on the agreement is scheduled for April 2.

City Council members reviewed a proposed community benefits agreement between the City of Newark, Fulton Street Newark LLC and the New Jersey Economic Development Authority tied to tax-credit incentives for a Central Ward development at 16–32 Fulton Street.

The agreement would require the developer to provide five transitional housing units intended to support the city’s PATH Home homelessness plan and to make a $1 million payout to the Community Economic Development Trust Fund. Brandy Daniel,…

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