Workforce Housing
Workforce housing is housing for essential jobs including teachers, nurses, police officers, fire fighters and municipal workers. Many of these people, however, often cannot afford to live in their own community because the gap between their incomes and the housing costs is two broad. Higher housing costs force families to move further from their jobs increasing traffic congestion, noise and air pollution, parking requirements, road maintenance costs and negatively impacting the quality of life for all residents. The JCRA is responding to this affordability gap by increasing the supply of workforce housing through its workforce housing development program. more info + examples...
Smart Growth
Smart Growth has been part of the planning/development lexicon for well over the last ten years. However, in Jersey City Smart Growth principles have been an intricate part in rebuilding this city. From the late 1950's through the 1970's, the city ceased to be a viable industrial city and was presented with a dilemma that many post-industrial cities face: how best to grow the City. more info + examples...
Brownfield Development
Brownfields are areas of land that were previously used for industrial or commercials purposes that may have been or are perceived to be contaminated by hazardous waste or pollution. To sustainably reuse these areas, each site needs to be remediated using a variety of methods including excavation, geotextiles, soil washing and soil vapor extraction. more info + examples...
Public + Private Partnerships
All real estate development requires some level of public/private partnerships involved joint investment by the public and private sectors to co-developer projects and create higher value through synergy. A successful partnership requires a strong appreciation of the different perspective that each sector brings to a transaction. It requires understanding both private real estate finance and public financing tools. It further requires an appreciation of the unique constraints under which public and private participants must operate.. more info + examples...
