636 MLK Urban Renewal LLC — 42-unit residential project with 25-year tax abatement
Description
A 25-year tax abatement for three four-story buildings with 42 apartments (33 market-rate, 9 affordable at 40/60/80% AMI) was deferred rather than adopted.
Impact summary
The tax break — and the new housing, including 9 affordable units — wait for a future council vote; taxes stay at full rates meanwhile.
Applicant
- Name
- 636 MLK Urban Renewal LLC
- Address
- 636-642 Martin Luther King Boulevard, Newark, NJ 07102
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · City Council
Last discussed Aug 5, 2026.
Meeting timeline (1)
Related issues (2)
Long-term tax abatements for new housing
Three abatement ordinances were on the docket: 25-year abatements for 29 units on Summer Avenue and 40 units on Clinton Avenue, and a 30-year HMFA abatement for preserving 306 affordable senior units on Broad Street. Abatements shape what those properties contribute to city taxes for decades.
25-year tax abatement for MLK Blvd housing
The council approved a 25-year tax abatement for a 42-unit apartment project at 636-642 MLK Blvd, with 9 of 42 units affordable to households at 40%-80% of area median income. Supporters see new housing on a key corridor; critics question how long the abatement lasts and how much affordable housing it includes.
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