Jersey City Planning Board to consider expanding IZO based on 2 tiers defined by AM
Under the new ordinance, developments with 15 units or more in U.S. Census tracts above 120% Area Median Income (AMI) will require 15 percent affordability on-site.
Any development that receives a tax abatement must also provide at least 15 percent affordable housing.
Additionally, a 10 percent mandatory affordable housing set-aside will be required on-site for all development located within low- and moderate-income areas (below 120% AMI), as identified by the 2020 U.S. Census Bureau.
