Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Application for Long-Term Tax Abatement
Purpose: To construct a five (5) story mixed use building which will provide approximately ten thousand (10,000) square feet of ground floor commercial retail space and eighty-nine (89) housing units, eighty-eight (88) of which shall be affordable housing units
Entity Name: New Horizons Phase I Urban Renewal Associates, LP
Entity Address: c/o Michaels Development Company, 3 East Stow Road, Suite 100, P.O. Box 994, Marlton, New Jersey 08053
Abatement Period: Thirty (30) years
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( x ) n/a
List of Property:
(Address/Block/Lot/Ward)
200-280 Irvine Turner Boulevard/ Block 2580,/Lot 2/ Central Ward
Additional Information:
body
WHEREAS, as authorized under the New Jersey Housing and Mortgage Finance Agency Law of 1983, as amended and supplemented, N.J.S.A. 55:14K-1 et seq. (the "HMFA Law"), New Horizons Phase I Urban Renewal Associates, LP, a limited partnership having its principal office at c/o Michaels Development Company, 3 East Stow Road, Suite 100, P.O. Box 994, Marlton, New Jersey 08053 (the "Entity") submitted an application for the approval of an affordable rental housing/commercial retail project on property located at 220-280 Irvine Turner Boulevard, Newark, New Jersey and identified on the City's tax map as Block 2580, Lot 2 (the "Property") in order to construct a five (5) story mixed use building which will provide approximately ten thousand (10,000) square feet of ground floor commercial retail space and eighty-nine (89) housing units, eighty-eight (88) of which shall be affordable housing units which will be r...
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