High rises and low rents: City's future lies in the delicate balance

NEWARK — The city is leading the way amid the country’s housing affordability crisis, Mayor Ras Baraka said Wednesday as he signed a “groundbreaking” law to mandate low- and moderate-income housing set asides in new developments.

“It’s a daunting task to figure out how we can develop our community without leaving our community behind,” he said during a press conference.

The inclusionary zoning ordinance requires certain housing developments provide 20 percent affordable units. Guarding against gentrification has been a linchpin issue for Baraka, who for months urged the City Council to adopt …read more

Source: NJ.com Essex

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