A development team has broken ground on the first piece of Jersey City’s long-awaited Bayfront project, a key focal point in the city’s plan to expand its affordable housing stock.
The first piece of the highly touted Bayfront housing project in Jersey City is moving ahead with the help of a newly approved, $64 million tax credit award under the state’s Aspire program.
Plans to transform Jersey City’s massive Bayfront property took a key step forward this week with the approval of a redevelopment agreement for the first phase, a proposed 209-unit building with more than a third of its apartments reserved for lower-income renters.
