Queen Latifah to Build $14M Worth of New Housing in Newark
Did you know the legend Queen Latifah was from Newark? Well she is and she's coming home to give back to her community.
She plans to invest in several townhomes along Springfield Avenue and South 17th Street.
This entire project is supposed to be worth 14 million dollars and the ground breaking will be this summer.
The project includes 20 three-family town homes and a three-story mixed-used building with an additional 16 units. The neighborhood will include not only a gym, but also a 1,900 square feet of commercial space that will be rented to nonprofits.
Queen Latifah is pricing these homes at affordable rates. The 60 units in the townhouses will be market rate ad start at $1,800 a month. Those homes are expected to be open by December, 2020. As for the affordable housing building, units will be priced according to a person's income. They will be available in December, 2021.