Goal H5: Increase Access to Affordable Housing

Written By Bowen Close

More is better: Use a variety of tools and means to generate funding for and construction of local affordable housing.

POLICY H5.1: Continue to generate funding for affordable housing and seek additional funding opportunities as they arise.

POLICY H5.2: Bring home ownership within reach for Newark residents. Develop a Below Market Rate (BMR) homeownership program, and down payment assistance programs, with a focus on first time home buyers. 

POLICY H5.3: Prioritize the use of city-owned property for affordable housing prior to other uses (if the sites are feasible and appropriate for housing), and prioritize housing for extremely low income households.

POLICY H5.4: Amend the existing Inclusionary Housing Ordinance to require on-site production of units rather than allowing the payment of an in-lieu or impact fee to support increased access to affordable housing opportunities across the city and in high opportunity areas.

POLICY H5.5: Develop an affordable notice of funding availability (NOFA) that will be released regularly to incentivize new developments consistent with the City’s goals of increasing affordable housing opportunities for residents that are families, low income seniors, and residents with disabilities.

Bowen Close
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