Most Affordable Housing of Any Private Mixed-income Community This Size in the Country

Jersey City Mayor Steven M. Fulop joins state and local officials to officially break ground on the first building in the long-anticipated Bayfront Redevelopment Project on May 14, 2025, marking a historic milestone in Jersey City’s largest mixed-income community initiative to date.

80% of the units will be dedicated to affordable and workforce housing.

With the Fulop Administration’s stringent affordable housing requirements throughout the entire project, Bayfront will provide the most affordable housing of any private mixed-income community of this size in the country.

    10:30 a.m. on Wednesday, May 14, 2025

 Bayfront Redevelopment Site

Kellogg Street & Society Hill Dr. N

Jersey City, NJ

 Mayor Steven Fulop, City Council Members, NJ Economic Development Authority, NJ Housing and Mortgage Finance Agency, Jersey City Redevelopment Agency, Pennrose LLC, PATHS Development LLC, Jersey City Together, Bayfront Avisory Committee, Building Trades

The post Jersey City Breaks Ground on Historic Redevelopment Project with 80% Affordable and Workforce Housing first appeared on River View Observer.

8,000 Unit Development Site will be 35% Affordable Housing, Reshaping West Side of Jersey City

JERSEY CITY – Mayor Steven M. Fulop, the Jersey City Redevelopment Agency (JCRA), and the Department of Housing, Economic Development and Commerce (HEDC) announce an agreement for construction of the first phase of Bayfront, the largest mixed-income development site in the region. 

The city acquired the 100-acre Bayfront property from Honeywell Corporation in 2018 for $100 million with the city stating at the time a reason for the acquisition is to meet the goal of increasing the on-site affordable housing requirements from 5%, that was previously stipulated in the redevelopment plan, to a new goal of 35% with the city controlling the property. 

The post In wake of pandemic, Jersey City moving forward with Largest Mixed-Income Housing Development in Tri-State Region first appeared on River View Observer.