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The Northgate One apartment tower in Camden, which sits at the foot of the Benjamin Franklin Bridge, has been acquired by Hudson Valley Property Group to be renovated and transformed into an affordable housing complex. The 21-story building was constructed in 1963. It fell into disrepair in recent decades and was plagued by maintenance and security issues.
To embed, copy and paste the code into your website or blog: The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and numerous other economic development initiatives, was signed into law by Governor Phil Murphy on January 7, 2021. This Client Alert focuses on the New Jersey Aspire Program, enacted as part of the ERA to provide tax credit incentives to developers to help close project financing gap costs associated with commercial, ...
On December 21, 2020, the New Jersey Legislature passed the “ New Jersey Economic Recovery Act of 2020” (the “Economic Recovery Act” or the "Act"), an omnibus piece of legislation which provides support for various programs and policies related to jobs, property development, food deserts, community partnerships, and small and early-stage businesses, among others. The bill now heads to Governor Murphy, who is expected to sign it into law. In an effort to bolster development, the Economic Recovery Act creates, among other things, various tax credit programs which will provide qualifying...
UpdatedThu, Dec 24, 2020 at 10:13 am ET Replies(82) (Jose F. Moreno, Staff Photographer / The Philadelphia Inquirer) NEW JERSEY — As businesses continue to struggle and many find it hard to make ends meet, Gov. Phil Murphy is set to sign a massive, $14 billion corporate tax-break bill into law that's supposed to give New Jersey a big boost amid the COVID-19 crisis. The more than 100-page New Jersey Economic Recovery Act of 2020 — introduced last Wednesday — received criticism for its limited public testimony. But Murphy defended the proposal in Monday's coronavirus news conference, sayi...
Press Releases Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislature, Goes to Governor December 21, 2020, 2:34 pm | in Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislature, Goes to Governor Bill Receives Strong Bipartisan Support in Assembly & Senate (Trenton) – Supporting small businesses, driving sustainable economic growth, and the long-overdue reform of our tax incentives system— the legislation sponsored by Ass...