https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7962856&GUID=C033AF66-481E-40AF-8704-4789B2A02241Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7962856&GUID=C033AF66-481E-40AF-8704-4789B2A02241C033AF66-481E-40AF-8704-4789B2A02241-2026-04-02-19-23-41Title: Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of six (6) new two - family homes with two (2) homes being sold at 80% AMI and below and four (4) homes being sold at market rate, e, the commercial component to continue to renovate hallways, gymnasiums and classrooms to operate as a workforce training center for local residents seeking employment opportunities and a five (5) year no cost use of community space. Entity Name: Nan Newark Tech World A NJ Nonprofit Corporation Entity Address: 400 Hawthorne Avenue, Newark, New Jersey 07112 Sale Amount: $525,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $1,746,400.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within eighteen (18) months following transfer of property ownership from the City to the Redeveloper Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open Thu, 02 Apr 2026 19:23:41 GMT