Officials and developers broke ground on an affordable apartment community in Irvington this week, the latest step in bringing a 56-unit midrise building to the township.
The five-story building at 722 Chancellor Ave. will offer one-, two- and three-bedroom layouts for residents earning 60% or less than the area median income, according to the NRP Group. Five of the units will be set aside for residents with special needs, who will receive support services from the YMCA of Greater Newark. The Urban League of Essex County will also provide social services to all residents.
“I am so pleased to celebrate the groundbreaking of 722 Chancellor Ave. at the critical intersection of Chancellor and Union avenues,” Irvington Mayor Tony Vauss said in a prepared statement. “This 100% affordable apartment community will help address Irvington’s need for more quality affordable housing options, and will keep working families from having to look outside of our town to find accommodations within their income profiles.”
The NRP Group is developing the property in partnership with local developer and entrepreneur Adenah Bayoh of Adenah Bayoh and Cos. The developers were joined at the groundbreaking by the mayor, county and state officials.
“With NRP’s mission to provide exceptional housing for people, regardless of income, we’re looking forward to helping fulfill the significant demand for affordable options within the Irvington community,” J. David Heller, principal, CEO and president of the NRP Group, said in a statement. “By working in tandem with the township and Adenah, this project will encourage the growth of, and investment in Irvington, while also enabling working families to continue contributing to its strong sense of community and sharing in the fruit of its resurgent economic prosperity.”
Financing partners include the New Jersey Housing & Mortgage Finance Agency, JPMorgan Chase Bank, Hudson Housing, the township and Greater Newark LISC. The Irvington Housing Authority is providing five project-based vouchers, as well.
“This redevelopment initiative was born from my larger vision to revitalize marginalized communities and provide impactful projects to the township of Irvington,” Bayoh said in a statement. “This project is continuing my passion for providing best-in-class affordable housing to individuals and families at every and all income levels, and fulfilling the needs of the community. The NRP Group was a natural choice as a development partner for this project, given their unprecedented level of expertise and experience with affordable housing. I look forward to doing more projects like this in the future.”