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Developers, University Hospital Partner on $41.4 Million Newark Affordable Housing Project

Construction To Be Subsidized by Innovative State Program
University Hospital's affordable housing development will have 78 units. (NJHMFA)
University Hospital's affordable housing development will have 78 units. (NJHMFA)
CoStar News
May 20, 2021 | 6:03 P.M.

A trio of developers and University Hospital in Newark, New Jersey, are embarking on a $41.4 million multifamily project under a state program that aims to encourage healthcare providers to invest in affordable housing in their communities.

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