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Council approves 13 on‑site low‑income for‑sale units as alternate compliance for Old Town Lepofsky project

Newark City Council · September 14, 2024
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Summary

Council approved an affordable housing regulatory agreement allowing the Lepofsky Homes Old Town project (88 units, two buildings) to provide 13 on‑site deed‑restricted low‑income for‑sale units (45‑year restriction) instead of paying the housing impact fee; the agreement includes a local preference and resale/equity provisions and passed with one member recused.

City staff presented the Lepofsky Homes (Old Town) project and explained the proposal to provide 13 on‑site affordable for‑sale units targeted at 80% AMI as an alternate means of compliance in lieu of paying the housing impact fee. Deputy community development director Interiano described two buildings (Building A: 60 units; Building B: 28…

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