New Brunswick Housing Authority Board Meeting - 6/24/2026

The New Brunswick Housing Authority Board held a meeting on June 24, 2026, focusing primarily on procurement and redevelopment projects. A key agenda item was the approval of a new redevelopment agreement with New Brunswick Improvement Owner LLC for the Jersey Avenue project, involving 660 residential units, commercial space, and a park. The board discussed financing details, including a $132 million phase one budget with $17.5 million equity and $144 million in private debt and equity financing, with commitments required within seven months. The developer, Amzak Capital Management, presented project plans and addressed questions about affordable housing units, local hiring efforts, and sound buffering near train tracks. The board unanimously approved the resolution designating the redeveloper. Additionally, the board addressed contract awards for consulting services, including a contract with CSG Advisors for site-wide reconstruction assistance, and discussed emergency repair payments with specified amounts. Some resolutions were tabled due to missing not-to-exceed amounts, with plans to amend and revisit them in future meetings. The board also emphasized the need for timely submission of meeting materials to allow adequate review. Overall, the meeting involved significant procurement decisions related to redevelopment, consulting contracts, and emergency repairs.