# NJEDA Funds Newark Affordable Housing Projects

On October 22, 2026, the New Jersey Economic Development Authority approved three Aspire Program awards with funding caps totaling up to $77.44 million for Cottage Place Apartments and Crown Village in Newark. The projects cover 274 affordable units, including rehabilitation and building-system upgrades, senior and family housing, and resident support services. The announcement describes approved awards, not an open solicitation, and does not identify a procurement contact or the project contractors.

- The awards are capped at up to $29.6 million for Cottage Place Apartments, $27.8 million for Crown Village senior housing, and $20.04 million for Crown Village family housing; each may cover up to 60% of eligible project costs.
- Construction and building-system scopes include apartment, roof, and window rehabilitation and energy-efficient HVAC upgrades. The projects also include supportive services and, at Crown Village, job-training and community-outreach activities.
- Contractors and service providers in affordable housing can use the award details to identify funded project scopes, but should not treat this announcement as a solicitation or evidence that procurement is open.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Physical Infrastructure, Grants & Funding
**Published:** October 23, 2026

### Government Entities
- New Jersey Economic Development Authority (NJEDA)
- Newark Housing Authority
- New Jersey Housing and Mortgage Finance Agency (NJHMFA)

### Key Quotes
> These projects will create or preserve 274 affordable homes, including much-needed housing for our seniors, who deserve the stability and dignity of aging in the communities they’ve helped build.
> — Eliana Pintor Marin, Assemblywoman, New Jersey General Assembly

### Sources
- [NJEDA Aspire Program Advances Affordable Residential Projects in Newark - NJEDA](https://www.njeda.gov/njeda-aspire-program-advances-affordable-residential-projects-in-newark/) - NJ