Newark Makes Strides in Efforts to Provide More Affordable Housing
City acquires decrepit housing, sells it for rehabilitation, distributes vouchers for displaced tenants
It’s a huge problem. Newark is addressing it one small step at a time.
Still, it’s a big deal for people like Yanira Cortez, who find it difficult to find affordable housing in a city where real-estate developers make more money by building higher-end market-rate apartments.
The city has taken over a notorious apartment building on Stratford Place in Newark’s South Ward. The structure will be sold, refurbished, and then put back on the market with affordable units.
Yesterday, the city distributed federal housing vouchers for about five-dozen low-income tenants displaced by the city takeover of the Stratford Place apartments.
Read theby NJTV News, a content partner of NJ Spotlight.