Council Considers Tax Abatement to Fund Canal Crossing Affordable Apartments, Public Benefits

Jersey City Council reviews Canal Crossing proposal with $1k rents during caucus

The Jersey City Council reviewed the Canal Crossing project proposed for a 675,000-square-foot site at 900 Garfield Ave. that includes 20 percent affordable housing and $1,000 rents during caucus. By Daniel Ulloa/Hudson County View “This will be the first development in a very, very contaminated site … that has not seen much development,” Deputy Mayor […] The post Jersey City Council reviews Canal Crossing proposal with $1k rents during caucus a…

Council Considers Tax Abatement to Fund Canal Crossing Affordable Apartments, Public Benefits

$774 per month for a studio apartment. $829 for a one-bedroom apartment. $995 for a two-bedroom apartment. $1,149 for a three-bedroom apartment. Affordable housing dreamers are likely salivating over some of the rents projected for the recently announced Bergen-Lafayette development known as Canal Crossing, rents made possible by a proposed tax abatement. The City Council […]