Irvington Mayor Tony Vauss joined state and county officials, as well as developer The NRP Group, to break ground on a 56-unit affordable apartment community in Irvington on June 23.
Located at 722 Chancellor Ave., the five-story, mid-rise building will offer a mix of one-, two- and three-bedroom residential units with parking. The apartments will be reserved for residents earning 60% or less than the area median income. Five of the 56 units will be set aside for residents with special needs, who will receive supportive services from the YMCA of Greater Newark. The Urban League of Essex County will also provide social services to all residents of the community.
The NRP Group is developing the community in partnership with Adenah Bayoh of Adenah Bayoh and Cos., a local developer and entrepreneur who has spearheaded the redevelopment of Irvington General Hospital. Bayoh manages an extensive real estate portfolio, consisting of multiple multifamily homes and apartment buildings throughout Irvington, Newark and northern New Jersey.
“With NRP’s mission to provide exceptional housing for people regardless of income, we’re looking forward to helping fulfill the significant demand for affordable options within the Irvington community,” said The NRP Group Principal, President and Chief Executive Officer J. David Heller. “By working in tandem with the township and Adenah, this project will encourage the growth of, and investment in Irvington, while also enabling working families to continue contributing to its strong sense of community and sharing in the fruit of its resurgent economic prosperity.”
The property will create new construction and property management jobs, and improve the streetscape of the corner of Chancellor and Union Avenues, two major Irvington roadways.
A New Jersey Transit bus stop will be located directly outside of the community and access to the Garden State Parkway is minutes away, providing a gateway to New York City and other neighboring metros. The building will be situated in a designated Redevelopment Area, Urban Enterprise Zone (UEZ) and Smart Growth Area.
“This redevelopment initiative was born from my larger vision to revitalize marginalized communities and provide impactful projects to the township of Irvington,” said Bayoh. “This project is continuing my passion for providing best in class affordable housing to individuals and families at every and all income levels and fulfilling the needs of the community.
“The NRP Group was a natural choice as a development partner for this project given their unprecedented level of expertise and experience with affordable housing. I look forward to doing more projects like this in the future,” she said.
Financing partners include the New Jersey Housing Mortgage Finance Agency, JPMorgan Chase Bank, Hudson Housing, The Township of Irvington and Greater Newark LISC. In addition, the Irvington Housing Authority is providing five project-based vouchers.
Leasing will begin in June 2022, with final completion scheduled for November of 2022.