Real Estate attorneys Charles Harrington, Thomas Leane, and Rebecca Maioriello assisted their client in securing a 30-year tax abatement under the New Jersey Housing and Mortgage Finance Act of 1983, as amended and supplemented N.J.S.A. 55:14K-1, et. seq. for a new thirty-five (35) story mixed use building containing 360 dwelling units, inclusive of which shall be 90 affordable housing units, and ground floor retail space under the New Jersey Housing and Mortgage Finance Agency Law of 1983, as amended and supplemented, N.J.S.A. 55:14K-1 et. seq.
On April 23, 2025, the Jersey City Municipal Council adopted legislation approving the 30-year tax abatement and the execution of a Financial Agreement.
Results may vary depending on your particular facts and legal circumstances.
