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New Jersey approves $143 million in tax credits for two apartment projects

EDA incentives to benefit developments in Jersey City, Atlantic City
Jersey City should be getting more affordable housing with a new multifamily development planned for Newark Avenue. (Joseph DiBlasi/CoStar)
Jersey City should be getting more affordable housing with a new multifamily development planned for Newark Avenue. (Joseph DiBlasi/CoStar)
CoStar News
September 4, 2025 | 3:02 P.M.

The New Jersey Economic Development Authority has awarded roughly $143 million in tax incentives to a planned multifamily development in Jersey City and the rehabilitation of an existing garden apartment complex in Atlantic City.

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News | New Jersey approves $143 million in tax credits for two apartment projects