The City of Hoboken has announced that six new affordable units will be available to those on the waiting list to settle over a decade of litigation with The Artisan.
By John Heinis/Hudson County View
“This settlement is about upholding our values as a City to prioritize fairness, equity, and access to housing,” Mayor Ravi Bhalla said in a statement.
“Providing inclusive, affordable housing is key to maintaining our diversity as a community and this agreement helps ensure that our growth benefits everyone in our city.”
The six, two-bedroom units, located at 1101 Madison St. and 1110 Jefferson St., are near ResilienCity Park, the 9th Street Hudson-Bergen Light Rail station, and ShopRite.
Residents will have access to all building amenities throughout the Artisan series including
a gym, community room, landscaped courtyards, coworking lounges, rooftops, free path shuttle service, free bicycle storage, and a children’s play area, among other amenities.
The settlement agreement ends over a decade of litigation regarding the city’s inclusionary zoning ordinance, which requires that 10 percent of units in new residential developments be set aside for low- and moderate-income households.
One week ago, the city council unanimously approved (8-0) a resolution, sponsored by 4th Ward Councilman Ruben Ramos, authorizing the execution of a consent order with The Artisan, which took effect immediately.
“Whereas, the Parties have agreed that the provision of such units at another building that is part of The Artisan Series, located at 1101 Madison Street (“Madison Property”) is an acceptable alternative that provides for immediate availability of such units to low and moderate income families,” the measure says.
” … Artisan Hoboken Apartments, LLC has agreed to reimburse the City Five Thousand Dollars ($5,000.00) in legal fees … and the Hoboken City Council has reviewed the terms of the proposed Consent Order and finds that it furthers the availability of affordable housing for low- and moderate-income families within the City as consistent with the law and prior Court Orders.”
