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Council Approves Tax Abatement for 100% Affordable Housing in South Ward

September 04, 2025 | Newark, Essex County, New Jersey


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Council Approves Tax Abatement for 100% Affordable Housing in South Ward
Newark's Municipal Council made significant strides in addressing housing needs during their recent meeting on September 4, 2025. The council approved a project that will bring 77 new residential units to the city, with a notable focus on affordability. Out of these units, 61 will be market-rate, while 16 will be designated as affordable housing. This includes four studio apartments, one one-bedroom, and two two-bedroom units restricted to 40% of the area median income (AMI), as well as additional units at 60% and 80% of AMI.

In a related initiative, the council also granted a 25-year tax abatement for a new four-story residential building at 824-830 South Twentieth Street. This project will consist entirely of 25 affordable housing rental units, with three units restricted to 30% of AMI, nine to 50% of AMI, and 13 to 60% of AMI. This development not only meets but exceeds the city's inclusionary zoning affordability requirements, marking a significant commitment to providing affordable housing options in Newark.

These decisions reflect the council's ongoing efforts to enhance housing accessibility and affordability in the community, addressing critical needs for residents. As these projects move forward, they are expected to play a vital role in improving living conditions and supporting the city's diverse population.

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Scribe from Workplace AI
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