JERSEY CITY, NJ - A proposal by a Staten Island based developer to back out of an agreement to designate 20 percent of the units he is building affordable for veterans has drawn the rebuke of Mayor Steven Fulop.
According to documents filed with the Jersey City Planning Board, the developer was delayed in his initial construction and is now no longer eligible for a tax abatement that had originally been awarded. However, the attorney states, thousands of dollars have already been paid to the Affordable Trust Fund.
Fulop, a leading proponent for developing affordable housing for veterans while at the same time becoming consistently more aggressive against the deals that are intended to induce developers to invest in a community in return for lower taxes over the course of a set number of years, has said he is opposed to the change.
“As the first in New Jersey to take the pledge to end veterans’ homelessness, the city will not support a request to relieve the company of their commitment to provide affordable housing for our most vulnerable veterans,” Fulop said “There has not been a residential tax abatement granted in Jersey City in over 3 years, and for the company to use the excuse that they weren’t given a PILOT to walk back their promise for critical veterans’ housing is nonsensical.”
While the matter came before the Jersey City Planning Board earlier this week no action.
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