Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
County approves $400,000 loan to Gateway Lofts to close financing gap for 31 affordable units
Summary
The board approved a $400,000 loan from earlier program-year funds to support Gateway Lofts, a 58-unit mixed-use conversion in Newark that will designate 31 units as affordable across very low- to moderate-income tiers; HUD release of funds remains pending.
Essex County commissioners voted to approve a $400,000 housing loan to Gateway Lofts, a 58-unit conversion in Newark that will reserve 31 units as affordable, during their Nov. 20 meeting.
Andre Narvaez, housing coordinator for Essex County, said the $400,000 comes from previously approved program-year 2022–23 funds and is intended for new construction and affordability preservation. Maria Iglesias, co‑owner of developer M and M…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
