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Neighbors question affordability and parking in plan for 55-unit Central Ward building proposed for 22-year tax abatement
Summary
Neighbors at a Nov. 6 public hearing urged the Newark Municipal Council to scrutinize a 22-year tax abatement for a 55-unit Gomes Generation project, saying most units appear oriented to market-rate tenants and the site provides only 24 rental parking spaces for 55 units.
A proposal to grant a 22-year tax abatement to Gomes Generation Urban Renewal LLC for a five-story, 55-unit rental project in the Central Ward prompted residents to question whether the development will provide meaningful affordability or adequate parking.
"When you hear income restricted and market rate, that means that low to moderate income is not included," Lisa Parker said at the public hearing, criticizing long-term abatements she said benefit owners more than existing residents. Parker highlighted the project's parking plan and unit affordability breakdown, saying the scheme appeared skewed toward higher AMIs. "55 units, 24 rental…
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