Hoboken Councilwomen Tiffanie Fisher and Emily Jabbour are lauding the city council as a whole for supporting an updated financial agreement at the local community center at last night’s meeting.
By John Heinis/Hudson County View
“MBS [Housing Urban Renewal LLC] is one of Hoboken’s most impactful and quietly successful affordable housing programs—providing deeply affordable, stable housing for 96 low-income men without relying on traditional public rental subsidies,” Fisher said in a statement.
“I was proud to co-sponsor this ordinance to help secure the program’s financial future so it can continue meeting this critical need in our community.”
The second reading of the ordinance before the council at last night’s meeting was approved unanimously (8-0).
“I am so grateful that Mayor Bhalla, the City of Hoboken, City Council, and board members from the Hoboken Community Center were successfully able to work together in the name of finding financial relief for the MBS Housing Program that meets a critical need to house some of our most vulnerable residents,” added Jabbour.
The updated agreement reduces the annual service charge paid to the City to 1 percent of gross revenues, consistent with the terms of the City’s recently approved agreement for the 100 percent affordable senior housing project at 1033 Willow Ave.
This change provides important financial relief and helps ensure the long-term sustainability of the program.
Additionally, Hoboken Community Center President Ken Nilson expressed gratitude about the council approving the new agreement.
“We’re incredibly grateful to Mayor Bhalla and the City Council for approving this agreement, which helps provide the financial stability our housing program needs to continue serving the men who call 1301 Washington home,” he noted.
“This kind of support ensures we can stay focused on our mission—providing dignity, stability, and community to those most in need.”
Subsidizing one group shifts burden to another.
No politician ever tells the taxpayers what these programs cost them.
What about the man who sleeps around the block at the Shipyard overhang?
Why can’t Hoboken get him out of there?
To both commenters – the cost of the Tax reprieve is ~$40k/yr. And we have been working on getting Rafe housed. Hopefully in the next couple of weeks. – Tiffanie
Why say his name?
you didn’t need to say his name so you can humiliate him
Oh lookie here
“Finger wagger Fisher” pushing for local taxpayer monies to her pet charity… No matter how good the cause, council should not be voting for a group they are heavily involved in.
But then again didn’t she vote to transfer millions in unbuildable waterfront land rights with a convicted man’s development company all in order to save views of the river from a building she owns and was Condo president at?
She points at everyone else, thankfully the courts point the fingers of justice right back at Ms Fisher