Jersey City Mayor Steven Fulop will join Ward F Councilman Jermaine Robinson and community members Wednesday to officially open the second of four buildings set for the Jackson Square campus on Martin Luther King Drive. Fulop will also unveil the city’s new Division of Affordable Housing, established to provide assistance for residents in need of housing.
The entire Jackson Square complex is a 20-year, lease-to-own contract with developer Brandywine Financial Services Corp., and represents a $120 million-dollar investment into the project over the course of the lease.
When the lease is completed, Jersey City can opt to purchase the bundling complex for $1. The city will save $16 million through the lease-purchase agreement and also anticipates saving approximately $700,000 in rent per year once all city offices have moved into Jackson Square.
The newest building, located at 342 MLK Drive, is a renovated abandoned-storefront that went unused for a decade. The transformation of the second building, now opening its doors, is the latest step in the Mayor’s overall goal of bringing life and investment back to Bergen-Lafayette, with city offices that will streamline critical services in one central location – ultimately making city government more efficient while creating greater accessibility for residents.
“We’ve already seen a big uptick of walk-in traffic at the first Jackson Square building by putting these public-facing services in the middle of the community,” Fulop said. “As we continue to expand our investment in the area, I believe the new Division of Affordable Housing will play a significant role – taking an oftentimes frustrating and complex process and turning it into a one-stop-shop to help everyone looking for a place to call home.”
The second building will be home to divisions from the Office of Housing Preservation and Community Development, to help residents navigate tenant/landlord issues, housing code enforcement and affordable housing issues.
The new Affordable Housing division will be tasked with covering all areas within that concept including: fair rents; maintaining lists of applicants with update notifications; maintaining affordable housing stock inventory; developing a resource guide; and becoming an easily accessible, central location for all information related to affordable housing.