Jersey City Together Wins Final Authorization for $170 million in Bonding for 95-Acre Bayfront Site

Housing

Jersey City Together Wins Final Authorization for $170 million in Bonding for 95-Acre Bayfront Site

Monday, November 19, 2018
Jersey City Together

A year and a half ago, Jersey City Together launched a campaign to change the way a 95-acre site would be developed so that it would include real affordable housing. On October 10th, the Jersey City Council approved the final ordinance to authorize $170 million worth of municipal bonds for the site's purchase and for investing in its infrastructure. The city now hopes 35+ percent of the site's units can be affordable (potentially 2,800 units). The City and State of New Jersey required Honeywell to clean up the site after organizing pressure and a lawsuit by a previous IAF-affiliate in Jersey City called the Interfaith Community Organization.