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Council hears multiple 25–30 year tax-abatement ordinances for new and rehabilitated affordable housing
Summary
Clerk read several long-term tax-abatement ordinances for projects across Newark: Crown Village (185 units, mix of senior and non-senior affordable units), South Orange Avenue (144 units), Casa Mia Apartments (six-story senior building), and a 60-unit mixed market/affordable building on Broad. Sponsors were identified but no final votes were recorded in the pre-meeting.
At the Dec. 16 pre-meeting the Newark Municipal Council was presented with several tax-abatement ordinances intended to support new or rehabbed affordable housing across multiple wards.
Clerk reading described ordinance D, a 30-year abatement for Crown Village Urban Renewal Inc. for two buildings totaling 185 rental units, including 108 senior units with 20 units restricted to tenants at 50% AMI…
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