The Jersey City Council unanimously approved (9-0) a 30-year tax abatement for an affordable housing project that would span through portions of Ocean Avenue and Dwight Street, though not every resident was thrilled with the idea.
Yvonne Balcer, a city activist who routinely speaks out against long-term tax abatements, did not make an exception this time around.
Thomas Leane, an attorney from Genova Burns for Genesis Ocean Urban Renewal Associates, LLC – the affordable housing project developer – said the change was necessary since the unit was recently upgraded from 54 to 64 units.
Nevertheless, Balcer said the abatement still makes no sense.
Meanwhile, Kabil Tayari, a former controversial deputy mayor under Jerramiah Healy, had no problem with the city helping a “small-time developer” build affordable housing.
After two more residents spoke, the council unanimously approved the measure, though Ward C Councilman Rich Boggiano said this is where the governing body should draw the line on 30-year tax abatements – stating that there is no need to give out abatements that span more than 10, 15 years tops.