Title
AN ORDINANCE AMENDING TITLE II, ADMINISTRATION, CHAPTER 10, DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT, SECTION 2, CITY OF NEWARK MUNICIPAL EMPLOYEES HOUSING ASSISTANCE PROGRAM, OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, 2000, AS AMENDED AND SUPPLEMENTED, TO INCREASE THE GRANT AMOUNT FROM $10,000.00 TO $20,000.00.
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WHEREAS, the City of Newark (the "City"), has found that municipal employees, who reside in Newark are much more likely to be genuinely concerned about the welfare of the City than those who reside elsewhere, and by residing within the City in which they are employed, are thereby contributing to the revitalization of the City; and
WHEREAS, Section 2:24-1 of the City of Newark Administrative Code requires that Municipal Employees reside within the City limits; and
WHEREAS, the Municipal Council adopted Ordinance 6S&Fj on November 17, 1997, establishing the Newark Municipal Employees Housing Assistance Program (the "City of Newark Municipal Employees Housing Assistance Program"), incentivizing the municipal employees to purchase market rate housing, and authorizing the Deputy Mayor/Director of the Department of Economic and Housing Development to execute all documents necessary for participation in the program by qualified homebuyers, upon their demonstration that they have met all program criteria and other requirements for purchasing a home; and
WHEREAS, the Municipal Council adopted Ordinance 6S&Fc on August 5, 1998, amending Ordinance 6S&Fc, to extend the provision of grants to municipal employees, who purchase property at a Municipal auction; and
WHEREAS, the Municipal Council adopted Ordinance 6PSF-b(S) on June 22, 2021, which amended the City of Newark Municipal Employees Housing Assistance Program by increasing the grant amount from Five Thousand Dollars and Zero Cents ($5,000.00) to Ten Thousand Dollars and Zero Cents ($10,000.00); and
WHEREAS, consisten...
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