city-of-newark-municipal-council-meeting-minutes-november-6-2025_6a8.pdf
Thirty-Year Tax Abatement for New Community Homes Project
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Description
The Newark Municipal Council approved a thirty-year tax abatement for New Community Homes Development, LP for a 120-unit affordable housing project at 202 South Orange Avenue with a total project cost of $76.6 million. The measure was adopted after a public hearing and supports mixed-size affordable units and parking amenities.
Contract Details
Vendor
NEW COMMUNITY HOMES DEVELOPMENT LP
Agency
City of Newark, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
November 6, 2025
Contract Term
Thirty (30) year tax abatement
Renewal Info
Long-term tax abatement for 30 years; no renewal terms specified.
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