Kawaida Towers Funding

At a glance

• What: City support for the Kawaida Towers project at Halsey Street in the Central Ward: an $8,000,000 Community Project Funding Grant agreement, plus support for the developer's application to the state Affordable Housing Trust Fund.
• Where it stands: On September 15 the Council adopted a first amendment to the $8,000,000 grant agreement with Kawaida Towers JV Partners, LLC, with Jackson and Silva abstaining. On September 23 it adopted a resolution of support for the Trust Fund application, no dissent recorded.
• Next: State decision on the Trust Fund application; no date given.

September 15 special meeting

Added starter 7R2-a (26-1301): First Amendment to the Grant Agreement authorized by resolution of April 15, 2026, reflecting revised terms for the City's Community Project Funding award. Total project cost listed as $23,046,833. Director Ladd commented. Adopted with Council Member Jackson and Council Member Silva abstaining. No public comments.

September 23

Resolution of support (added starter 7R2-t, 26-1346) for the developer's application to the New Jersey Department of Community Affairs Affordable Housing Trust Fund. Total project cost $24,989,877; City contribution $0; grant amount listed as $0.

Sources

• City Council special meeting minutes, September 15, 2026: https://legistar1.granicus.com/Newark/meetings/2026/9/302224_M_Municipal_Council_26-09-15_Meeting_Minutes.pdf
• City Council regular meeting minutes, September 23, 2026: https://legistar1.granicus.com/Newark/meetings/2026/9/302225_M_Municipal_Council_26-09-23_Meeting_Minutes.pdf

Log

2026-09-23 - City Council

Adopted resolution of support for the Affordable Housing Trust Fund application.

2026-09-15 - City Council Special Meeting

Adopted first amendment to the $8,000,000 grant agreement; Jackson and Silva abstained.