https://linebet-bangladesh.com/en/mobilehttps://partnerslinebet.com/

The Place at Sayreville will help borough meet affordable housing obligations

Date:

Share post:

SAYREVILLE – The Sayreville Borough Council is appropriating $2.28 million toward a grant for the construction of an apartment complex that will help the borough meet its affordable housing obligations.

On June 30, council members adopted a bond ordinance that authorizes the $2.28 million as grant to Community Investment Strategies, Inc. for the construction of the Place at Sayreville. The Place at Sayreville will be constructed in the River Road Redevelopment Area, which is north of Main Street and east of River Road.

- Advertisement -

The bond ordinance also authorizes the $2.28 million to be financed entirely by the issuance of bonds or notes.

The Place at Sayreville will have 88 affordable units and one unit for the apartment’s superintendent, giving the complex a total of 89 affordable units.

According to representatives for the complex, there will be five residential buildings and one 1,750-square-foot community building that contains the management office.

The complex will be built inside of a 13.745 acre lot.

The River Road Redevelopment Area, where the Place at Sayreville will be built, is owned by the Sayreville Economic & Redevelopment Agency (SERA). The Place at Sayreville and SERA have a redevelopment agreement, according to the complex’s representatives.

In July 2020, the Place at Sayreville received preliminary and final site plan approval from the Sayreville Planning Board.

Affordable housing is defined as housing that is sold or rented at below market rates to individuals and families whose income meets certain guidelines.

Sayreville’s obligation is 785 affordable units, according to municipal officials. The 785-unit obligation is the result of a settlement agreement, which the Place at Sayreville is a necessary component of, according to Mayor Victoria Kilpatrick and Borough Attorney Michael DuPont.

Council President Kevin Dalina and council members Vincent Conti, Damon Enriquez, Michele Maher and Mary Novak voted “yes” on a motion to adopt the bond ordinance. Councilwoman Donna Roberts voted “no”.

Stay Connected

213FansLike
89FollowersFollow

Current Issue

Latest News

Related articles

Windows of Understanding addresses social justice issues through art

For husband and wife, Dan and Peichi Waite, the word dignity played a big role when putting together...

A musician’s journey from professional drummer to film composer

With the upcoming release of Bezos:The Beginning, Professional composer, Colin Bell, shared his creative process on scoring his...

Giordano, Sulikowski to lead Old Bridge Board of Education

The Old Bridge Board of Education has reorganized with new leadership. Salvatore Giordano was nominated and selected - 5-4...

Investments in infrastructure, education and quality of life continue in Middlesex County

The Middlesex County Board of County Commissioners are moving full steam ahead into the new year as investments...