NJ.com, July 23, 2015 | Category: Press
Nearly 300 units of affordable housing have been approved over the past three months in Jersey City, while nearly $6 million of affordable housing trust fund dollars have been invested in projects across the city, Mayor Steve Fulop announced today.
The most recent addition came yesterday as the Affordable Housing Trust Fund committee approved funding for two more projects. A project at 105 Old Bergen Road was awarded $201,000 for the rehab of six affordable housing units while Morris Canal Redevelopment Corp. was awarded $100,000 for pre-development work at 408-420 Communipaw Ave. for 35 affordable units, according to the release.
"This is the first time in decades there's been this type of investment in affordable housing in Jersey City in so many diverse communities, including downtown and the waterfront."
In addition, last week the city council approved 64 new low-income housing units at Ocean Avenue and Dwight Street, as well as the rehabilitation of 131 affordable rental units on Montgomery Street.
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