Jersey City Awarded Federal Funds for Bayfront Redevelopment Project to Catalyze Urban Renewal & Economic Development on West Side
Posted on 03/12/2024
Bayfront rendering

Congressional Delegation Advocates for Fulop Administration’s Pivotal Project to Build Largest Mixed-Income Community in the Region with 35% Affordable Housing

JERSEY CITY, NJ – Mayor Steven M. Fulop joins the Jersey City Redevelopment Agency (JCRA) to announce critical grant funding awarded to Jersey City through Congressionally Directed Spending for the city's Bayfront Redevelopment project. The transformation of the vacant 100-acre site will provide the most affordable housing of any private mixed-use, mixed-income community of its size in the country and catalyze redevelopment along the Hackensack River waterfront.

The $1.6 million grant was secured through the concerted efforts of Jersey City's congressional delegation and underscores the federal government's commitment to supporting local initiatives aimed at urban renewal and economic development.

“Thanks to our federal partners for recognizing the importance of the Bayfront Redevelopment project and the tremendous promise this revitalization holds for Jersey City, bringing new economic opportunities, creating jobs, and providing much-needed affordable housing options for residents,” said Mayor Fulop.

“I am proud to have worked closely with the JCRA and Mayor Fulop’s Administration to secure this federal funding, which will create pathways for families to access affordable housing in an inclusive community,” said Senator Booker. “Investments like this are critical to keeping Jersey City and our high-cost urban areas affordable for everyone. This project will provide affordable housing within a mixed-income development at a scale that could be a model for cities across the nation.”

“I am proud to secure this $1.6 million in federal funding for the Bayfront Redevelopment because I know this project is important to Jersey City’s future,” said Rep. Donald M. Payne, Jr. “I am a strong supporter of affordable housing bills and projects in Congress, especially in urban areas. The Bayfront Redevelopment will create good-paying union jobs and help public schools with a portion of the tax revenue generated from the project. It is going to benefit the area significantly, and I look forward to working with Mayor Fulop to secure more funding for future projects in Jersey City.”

With the Fulop Administration’s stringent affordable housing requirements throughout the entire project, 35% of all units built are set aside for low- and moderate-income households.

At the site, construction on initial infrastructure is underway, such as building roadways and installing underground piping. The premier residential and retail waterfront area is designed to best serve Jersey City residents by prioritizing affordability, jobs for residents, quality public spaces, and attracting interest and investment to the south and west areas of Jersey City.

“Once the bill is signed into law, we will work with our federal partners to dedicate the Bayfront funding as we move forward with construction,” said JCRA Executive Director Diana Jeffrey. “The Bayfront Promenade is the first building and consists of 210 residential units, of which 74 units are affordable housing.”

The first phase of construction at Bayfront also includes various community-driven amenities, including green infrastructure, flood mitigation, vehicle and bike parking, a public walkway along the Hackensack River Waterfront, and over 11,000 square feet of multifunctional retail space for use by residents and the broader public

All media inquiries should be directed to Kimberly Wallace-Scalcione at [email protected].