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Council introduces Hudson Avenue parking changes, clears consent items that allow developer to seek Aspire funds
Summary
Council introduced Ordinance 2026‑08 to clarify no‑parking zones on Hudson Avenue and approved consent resolutions that permit a developer to apply to New Jersey's Aspire gap‑financing program (qualification requires 20% affordable housing and prevailing wages), while some councilors urged careful review of later agreements.
The Red Bank Borough Council approved the introduction of Ordinance 2026‑08 to amend vehicle and traffic rules and clarify no‑parking zones along Hudson Avenue, and on the consent agenda approved three resolutions that, among other things, allow a developer to apply for state gap financing through the Aspire program.
Mayor Portman introduced Ordinance 2026‑08 on introduction and the council voted to set a public hearing for April 9, 2026. The ordinance amends Chapter 680 (vehicles and…
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