Affordable housing ordinance and On3 development
Summary
Prism Capital's Eugene Diaz urged the council to add flexibility to the mandatory 20% affordable housing set-aside, arguing it makes the $500 million On3 project unfinanceable. Latona said he's open to amendments.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jun 3, 2026.
Impact analysis
A stalled project could forfeit one of the city's largest tax-base additions in a generation.
Residents if housing is actually built; the tax base if the project proceeds.
Depends on perspective — developers under mandates or residents if mandates produce nothing.
Mentions & discussions (3)
Lawsuit targets Clifton’s push for more affordable housing
Lawsuit targets Clifton’s push for more affordable housing Bergen Record
City Council - Jun 3, 2026
Prism Capital's Eugene Diaz urged the council to add flexibility to the mandatory 20% affordable housing set-aside, arguing it makes the $500 million On3 project unfinanceable. Latona said he's open to amendments.
Renderings Released for Proposed 300-Unit Development Near Clifton Train Station
Renderings Released for Proposed 300-Unit Development Near Clifton Train Station Jersey Digs
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