Title
AN ORDINANCE AMENDING THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, 2000, AS AMENDED AND SUPPLEMENTED, BY AMENDING TITLE XLI, "NEWARK ZONING AND LAND USE REGULATIONS" CHAPTER 21, "INCLUSIONARY ZONING FOR AFFORDABLE HOUSING".
Deferred 6PSF-l 060222
Amended 6PSF-f (s) 062122
Formerly 6PSF-a 071322 adopted as 6F-b 071322
body
WHEREAS, on October 4, 2017, the Municipal Council adopted Ordinance 6PSF-b, establishing inclusionary zoning for affordable housing; and
WHEREAS, there exists a significant shortage of affordable housing within the City of Newark; and
WHEREAS, in February 2021, the Rutgers Law School Center for Law, Inequality and Metropolitan Equity, produced a report entitled "HOMES BEYOND REACH: An Assessment and Gap Analysis of Newark's Affordable Rental Stock", which found that: (a) Newark has almost 40,000 households, who earn less than $30,000, but less than 20,000 low-rent units that are affordable to them; (b) about 60% percent of Newark households are rent burdened (spending more than a third of their incomes for shelter) and about a third pay at least half their incomes to live in the City; (c) roughly half of Newark's households compete for less than a third of Newark's rental units that are affordable; and (d) the City needs an additional 16,234 units renting for about $750 per month to meet residents' existing needs; and
WHEREAS, the City of Newark wishes to ensure that as the City grows and attracts new market-rate residential development, the City also provides a realistic opportunity to increase affordable housing; and
WHEREAS, the Mayor of the City of Newark and the Municipal Council are desirous of amending the Ordinance; and
WHEREAS, N.J.S.A. 40:48-2 authorizes a municipality to make, amend, repeal and enforce such other ordinances, regulations, rules and by-laws not contrary to the laws of this State or of the United States, as it may deem necessary and proper for the good government, order and...
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