A groundbreaking was recently held at 7 Oak Street for the first fully affordable housing complex in Bayonne in decades. Photo courtesy Bayonne Housing Authority.
The Peninsula City has broken ground on a long-planned, fully affordable complex on a formerly vacant lot that will create the first new supportive and senior housing units the city has seen in decades.
The Bayonne Housing Authority broke ground recently on what is being called the Bayonne Senior and Supportive Services affordable housing development at 7 Oak Street. The development is set to rise on a parcel that was once home to a power-generating station and is set to rise six stories.
The development is being financed through the Low-Income Housing Tax Credit and will include 40 affordable units. 20 of the homes will be designated for seniors, while the other half will be set aside for supportive housing units for individuals with disabilities.
The development will additionally include 30 parking spaces inside an interior garage. The project is located on a former PSE&G property that was acquired by the Bayonne Housing Authority several years ago.
“We could not be more pleased that, with our partners and the support of the City of Bayonne and NJHMFA, we will be providing affordable housing for some of our most important populations,” said Bayonne Housing Authority Chair Vincent Lombardo in a statement announcing the development.
The Bayonne Housing Authority is partnering with the Bergen County United Way on the development, with financing administered through the New Jersey Housing and Mortgage Finance Agency. Construction of the development is expected to be completed in early 2027.
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