city_of_newark_municipal_council_special_meeting_a.pdf
Need certification for New Community Homes project
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Description
The City of Newark is authorizing a determination of need for the New Community Homes Development, LP project at 202 South Orange Avenue, enabling pursuit of NJ Housing Mortgage Finance Agency Low Income Housing Tax Credit financing for a $69,821,728.00 development. The City's contribution will be determined later.
Contract Details
Contract Amount
$69,821,728.00
Vendor
NEW COMMUNITY HOMES DEVELOPMENT LP
Agency
City of Newark, NJ
Contract Type
FACILITIES
Document Date
December 9, 2025
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