Bergen Street Affordable Housing Funds

At a glance

• What: A deed-restricted federal SLFRF affordable housing agreement with Bergen Street Redevelopment Urban Renewal LLC for $1,534,126.83 toward two mixed-use buildings with 42 residential units, six of them reserved for households under 60 percent of area median income for a 20-year affordability period.
• Where it stands: Adopted September 9, 2026; no dissent recorded.
• Next: Construction at Bergen Street, South Ward.

Notes

Funding is federal State and Local Fiscal Recovery Funds; the term runs through the 20-year affordability period.

Sources

• City Council regular meeting minutes, September 9, 2026: https://legistar1.granicus.com/Newark/meetings/2026/9/302222_M_Municipal_Council_26-09-09_Meeting_Minutes.pdf

Log

2026-09-09 - City Council

Adopted.