Pricey units are going up in Newark. Expanded rule will require affordable ones too.

affordable housing op-ed

The City of Newark is trying to help close an affordable housing deficit by expanding the number of building projects required to ise aside 20% of units for people with low and moderate-incomes.

As a city with a dramatic shortage of affordable places to live that’s also attractive to real estate investors, Newark has tried to address the housing needs of its lower-income residents by harnessing the wants of wealthier people willing to pay for pricier apartments. And now New Jersey’s largest city is expanding its efforts.

In October 2017, the Newark City Council adopted an inclusionary zoning ordinance proposed by Mayor Ras Baraka requiring residential developments of 30 units or more to set aside 20% of them for people with low or moderate incomes.

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