As mentioned last week, the state Economic Development Authority has approved $40 million in state tax credits for the first of two 35-story towers to be built at the Metro Plaza Shopping Center (now renamed Hudson Exchange West), currently the home to Pep Boys, BJs, and ShopRite.
According to developers, 20% of the building (85 units) will be affordable units with rents ranging from $954 for a 1BR to $1,194 for a 2BR. The rest of the units are expected to rent at market rate, which ranges from $2,325 for a 1BR to $3,500 for a 2BR.
There are further details, maps, and even a survey at the Hudson Exchange West website. Construction is expected to begin this August and wrap up by the end of 2017. —NJ.com
Please add my name as a person of interest to the affordable units list. Thank You
Would like to be added to the affordable housing list
I would like to be added to the affordable housing list, please.
I’m very much interested in this building, which is a ten minute walk from my current residence and I can see being built from my kitchen window. I’m considering this as a good sign that I might be living in this building. I’d like to be added to the affordable housing list.
I’m interested in this property would like to be added to the list
I read a while ago that the maximum income for HEW is $42,000. I’d like to know if this apply to just the 20% affordable apartments, or all tenants? Thanks.
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