Jersey City Clashes with J.P. Morgan Over Affordable Housing Project; Lawsuit Could Stall 300 New Homes
Jersey City, NJ — Jersey City officials are pushing back against a lawsuit by J.P. Morgan subsidiaries that is seen as an obstacle to the construction of a new affordable housing project on the city’s waterfront. The lawsuit disputes the approval of a site plan for a 300-unit tower in the Liberty Harbor North Redevelopment Area, which officials say is crucial for meeting the city’s housing needs. At the heart of the controversy is the allocation of 200 parking spaces, originally part of the Vantage luxury apartment buildings, also owned by J.P. Morgan-linked entities. The … Read more