Creating or preserving 6,600 affordable homes in Newark will be one of the key points in Mayor Ras Baraka’s five-year affordable housing plan goals, to be announced Monday morning.
Baraka will showcase a set of bold affordable housing goals to guide the city’s housing and development efforts over the next five years — including the allocation of American Recovery Plan funding.
These goals represent a significant increase in the number of affordable units created and preserved in Newark, as well as in the number of residents served by city-funded homeless, tenant and homeowner assistance programs.
Baraka will make the announcement at 11:30 at 550-552 S. 18th St. — one of the city’s success stories: a six-family affordable building built by Eugenia Hamlett, an Minority/Women-Owned Business Enterprise developer.
Baraka will be joined by:
- Allison Ladd, the deputy mayor and economic and housing development director;
- Professor David Troutt, the founding director of the Rutgers Center on Law, Inequality and Metropolitan Equity;
- Hamlett, who is resident of the property she built.
The goals of the five-year plan were developed through a Housing Working Group convened by the mayor, with more than 30 representatives from community-based organizations, nonprofits, developers, housing advocates, private companies, municipal departments, the Newark Housing Authority and Invest Newark — along with support from Bloomberg Associates.