Sale of city-owned property for 100% affordable housing with community grocery
Description
The city is selling a long-contested parcel (won back in court six years ago) for about half its assessed value to a developer building 100% affordable rentals, affordable condos, and a community grocery, backed by $8 million from the late Congressman Payne.
Impact summary
Roughly two-thirds rental and one-third ownership units for Newark residents, with city programs helping buyers with down payments and mortgage readiness over an 18-month build.
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Recorded in the meeting · City Council
Last discussed Mar 31, 2026.
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