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The Council approved a 35-year tax abatement for a 196-unit fully affordable housing project at 10 Park Place, including 195 income-restricted units. It also approved $4.03 million for pedestrianization and traffic calming, $1.92 million for summer meals for Newark children, and multiple emergency housing and health-service contracts.
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The 10 Park Place project will convert property into 196 affordable rental homes, with units reserved for households earning no more than 30%, 50%, or 60% of area median income. The Council also authorized street paving and pavement-marking contracts, support for emergency housing, and grants for children’s meals and HIV services. Several additional housing developments, tax abatements, and city-property redevelopments advanced, while two proposed property sales were deferred.
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