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Housing Hoboken’s seniors

Proposal could turn parking lot into senior affordable housing

A rendering of the proposed senior citizen affordable housing building by East Orange based company KNTM Architects, LLC.

A parking lot on the corner of Willow Avenue and 11th Street may be developed into affordable housing for senior citizens.

According to city council documents, the project would be developed by Community Investment Strategies, a Lawrenceville New Jersey-based company that has constructed and managed more than 3,400 New Jersey units, 1,100 of which are in 11 North Jersey properties.

This is the first project CIS will develop in Hudson County.

Proposed plans

According to the proposal, the project would be developed on a city-owned parking lot at 259 11th Street which, according to city code, offers residents parking for $195 a month.

The space is currently envisioned as a five-story building of 24 units, 100 percent of which would be affordable housing.

A mix of floor plans will include four studios, 16 one-bedroom units, and four two-bedroom units.

The studio apartments are set to be a minimum of 550 square feet; one-bedroom units a minimum of 675 square feet; and two-bedroom units a minimum of 875 square feet, according to the proposal.

The units will be for seniors who have low and moderate incomes between $21,150 and $51,814 annually.

The residential floors will be constructed atop podium parking, screened from the street, with ground-floor amenity spaces.

Residents can enter from the parking area or via 11th Street.

The building will have community spaces, including a community room and management office, which could also be used as a wellness office.

Future hurdles

The City Council unanimously adopted a resolution conditionally designating CIS as the developer of the property after receiving two responses to the city’s request for proposals earlier this year.

For the project to be constructed, the conditional developers will need to enter into a redevelopment agreement with the city, to be voted on by the council, and receive various other approvals.

According to proposal documents, CIS will seek a Payment in Lieu of Taxes (PILOT) agreement with the city as well as grant funding from the county and state, estimated to cost about $5.92 million to develop.

CIS will seek funding from Hudson County HOME funds, the Federal Home Loan Bank (FHLB), Community Development Block Grants, and the New Jersey Department of Community Affairs Neighborhood Preservation Fund.

If approved and finalized, CIS would break ground in April or May of 2022 with construction completed in March of 2023 and full occupancy of the building by September of 2023.

Provide input 

On Dec. 9 at 7 p.m. the Hoboken City Council will host a virtual community meeting to discuss the proposal.

To join the meeting via Zoom go to https://us02web.zoom.us/j/82740839295?pwd=Y05hSVZ2RzNaSjExcU1mUXJxczgzQT09.

To join by phone call 1 646-876-9923 and enter the meeting ID  827 4083 9295 and passcode  237450 when prompted.

To watch the meeting virtually go to the city’s Facebook page or YouTube page.

For updates on this and other stories check www.hudsonreporter.com and follow us on Twitter @hudson_reporter. Marilyn Baer can be reached at Marilynb@hudsonreporter.com.

 

 

 

 

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