https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6351041&GUID=9B1943E9-7E7F-4F81-8A7A-743FD494E589Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6351041&GUID=9B1943E9-7E7F-4F81-8A7A-743FD494E5899B1943E9-7E7F-4F81-8A7A-743FD494E589-2024-04-08-20-53-36Title: AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 648-652 RAYMOND BOULEVARD URBAN RENEWAL, LLC, 449 EAST 18TH STREET, PATERSON, NEW JERSEY 07524, FOR A PROJECT TO CONSTRUCT A NEW (5) STORY BUILDING CONSISTING OF (96) MARKET RATE RESIDENTIAL RENTAL UNITS, (24) AFFORDABLE HOUSING RENTAL UNITS, OF WHICH (6) UNITS SHALL BE RESTRICTED TO TENANTS AT 40% OF AREA MEDIAN INCOME (“AMI”), (6) UNITS SHALL BE RESTRICTED TO TENANTS AT 60% AMI AND (12) UNITS SHALL BE RESTRICTED TO TENANTS AT 80% AMI, 2,800 SQUARE FEET OF GROUND FLOOR RETAIL SPACE AND (89) ON-SITE PARKING SPACES LOCATED AT 648-652 RAYMOND BOULEVARD, NEWARK, NEW JERSEY 07105 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 2020, LOT 1 (EAST WARD).Mon, 08 Apr 2024 20:53:36 GMT