City of Newark Municipal Council Meeting Minutes August 6 2025
Affordable Housing Agreement Awarded to New Community Homes
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Description
Council authorized a $3.6 million HOME ARP agreement with New Community Homes Development LP to create affordable apartments at 202 S Orange Ave.
Contract Details
Contract Amount
$3,600,000.00 (grant)
Vendor
NEW COMMUNITY HOMES DEVELOPMENT LP
Agency
City of Newark Water & Sewer, NJ
Contract Type
OTHER
Document Date
August 6, 2025
Contract Term
HOME ARP funds must be expended within 48 months of adoption
Renewal Date
2029-08-06
Renewal Info
HUD HOME ARP funds must be spent within 48 months from date of Council adoption.
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