Baraka to announce Newark’s five-year affordable housing goals Monday

Mayor says city hopes to create or preserve 6,600 affordable homes

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:

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.