According to NJ.com the rapper/actor/philanthropist and now developer, Queen Latifah is planning to build affordable housing in her hometown Newark, New Jersey.
The project will cost $14 Million and is expected to break ground this summer. Queen Latifah who is also co-president of the Blue Sugars Corporation plans to work on this project along with GonSosa Development.
The project is said to include 20-three family town homes along with a three-story mixed-used building with an additional 16 units. The building will include a fitness center and 1,900 square feet of commercial space which will be rented to nonprofits. The 60 units in the townhouses will be market rate; while the 16 units in the building will be affordable.
The rents for the market rate are said to start around $1,800 a month and will be open by December 2021. The rent for the additional 16 units will be priced according to the renters income.
Cristina Pinzon, a spokeswoman for the developers mentioned how important this project is, knowing that there is a need for affordable housing in Newark.
Pinzon stated, “They understand how difficult it is to make ends meet for many residents and want to be part of the solution. They remain dedicated to making life better in communities like Newark."
We're looking forward to this initiative and what it's going to do for families in our neighbor state!
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