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An issue SourceLine follows · newark

Approving a $1,070,182.00 grant to Acension Capital Partners, LLC for gap financing to build 24 residential dwellings, four (4) of them with affordable housing restrictions for low income tenants

Approving a $1,070,182.00 grant to Acension Capital Partners for gap financing to build 24 residential dwellings

Official wording

Approving a $1,070,182.00 grant to Acension Capital Partners, LLC for gap financing to build 24 residential dwellings, four (4) of them with affordable housing restrictions for low income tenants

Weigh inWhere you stand, and why, goes to your representatives
2votes on the record on this issue
9members of Newark Municipal Council decide thisWho decides
OpenNo vote date is set yetWeigh in now
The latest recorded vote on this issue, May 6, 2026
Yes9
No0

Official record of Newark Municipal Council.

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More on this issue

CityNewark Municipal CouncilPassed May 6

Who decides this

Whole board: passed 9 to 0, May 6

Decided, May 6: The council voted 9 to 0 on the economic and Housing Development. Grant Agreement. Purpose: To provide gap financing for the construction of a twenty-four (24) residential dwellings consisting of four (4) deed-restricted affordable housing restrictions for occupancy by qualified low-income tenants pursuant to the City of Newark Affordable Housing Trust Fund. Entity: Acension Capital Partners, LLC. Grant Amount: $1,070,182.00. It passed.

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