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Council to apply to Local Finance Board for $6 million bond ordinance to rehabilitate PATH Home units
Summary
Administration presented a resolution authorizing a Local Finance Board application for a $6 million bond ordinance to rehabilitate PATH Home units for transitional housing; the finance director said the funds will be used for reconstruction, repair and furnishing of units under an agreement with the Newark Housing Authority.
The administration presented a resolution on Feb. 19 authorizing the city to apply to New Jersey's Local Finance Board for approval of a bond ordinance to fund $6 million in rehabilitation for PATH Home units. Benjamin Guzman, acting director of the Department of Finance, said the units will be used by the Office of Homeless Services under an agreement with the Newark Housing Authority to provide transitional housing.
Guzman told the council the funds would help with reconstruction, repairs and furnishing of unused units that will be repurposed for the PATH Home program and that the administration sought council approval to appear before the Local Finance Board at its March meeting.
Ending: The council reviewed the application item and the administration said it would proceed with the Local Finance Board application in March pending council action and final paperwork.
