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Newark council advances multiple redevelopment ordinances; amends affordability to 60% AMI for one project
Summary
The council approved several redevelopment ordinances on first reading Dec. 3, including tax-abatement proposals for multiple projects and an on-the-floor amendment to require 60% area median income (AMI) or lower affordability for one two-family home project, which the council approved by roll call.
The Newark Municipal Council on Dec. 3 voted to adopt on first reading a package of redevelopment ordinances that included tax-abatement agreements for several residential projects across city wards and amendments to street and traffic rules.
Councilmembers approved measures that, among other items, authorize a 30-year tax abatement for a Crown Village Urban Renewal project; a 30-year abatement for…
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