Mayor Ravi S. Bhalla and the City of Hoboken today announced six new affordable housing units will become available to those on the City’s affordable housing waiting list now that the City Council unanimously approved a settlement agreement with the developers of The Artisan.
The six, two-bedroom units, located at 1101 Madison St. and 1110 Jefferson St., are near ResilienCity Park, the Ninth Street Hudson Bergen Light Rail station, and ShopRite. Residents will have access to all building amenities throughout the Artisan series including a gym, community room, landscaped courtyards, coworking lounges, rooftops, free path shuttle service, free bicycle storage, a children’s play area, and more.
The settlement agreement ends over a decade of litigation regarding the City’s inclusionary zoning ordinance, which requires that 10 percent of units in new residential developments be set aside for low- and moderate-income households.
“This settlement is about upholding our values as a City to prioritize fairness, equity, and access to housing,” said Mayor Bhalla. “Providing inclusive, affordable housing is key to maintaining our diversity as a community and this agreement helps ensure that our growth benefits everyone in our city.”
