Halsey Street Teachers Village Worforce Housing B

New Markets Tax Credit Coalition

Newark,
NJ
(2018)

Halsey Street Teachers Village Worforce Housing B

Community, Daycare and Early Childhood, Grocery and Fresh Food, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing, Youth and Families, Youth Program

Halsey Street Teachers Village Workforce Housing Project B, the last phase of larger development known as Teachers Village in downtown Newark, New Jersey.

Investment

NMTC Amount: $17,100,000
Total Project Cost: $20,500,000

IMPACT

169 FTE jobs
157 construction jobs

CDEs

Bank of America, Building America CDE, Carver National Bank, GS New Markets Fund, National Community Investment Fund

Investor

Chase

Project Description

Halsey Street Teachers Village Workforce Housing Project B, the last phase of larger development known as Teachers Village in downtown Newark, New Jersey. This phase has 81 residential units, are marketed to teachers and other working families in an effort to bring them back to downtown Newark. The development also has 10,000 sq. ft. of retail space.