12 Mar 2024 Press Release: Jersey City Awarded Federal Funds for Bayfront Redevelopment Project to Catalyze Urban Renewal & Economic Development on West Side
Jersey City Awarded Federal Funds for Bayfront Redevelopment Project
to Catalyze Urban Renewal & Economic Development on West Side
Congressional Delegation Advocates for Fulop Administration’s Pivotal Project to Build
Largest Mixed-Income Community in the Region with 35% Affordable Housing
Photo by Peter Mazurczyk
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 l
ike 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, 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 KScalcione@jcnj.org.