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The Majority of Communities Saw Rent Increases in February, With Paterson Leading the Way In New Jersey

According to apartment statistics from Yardi Matrix, the national average rent reached $1,468 in February, representing a 3.2 percent increase over the previous year. Rents in most locations in New Jersey increased in tandem with the national average rent. In the state of New Jersey, Paterson has the fastest-growing rates, with rentals in that city …

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Gov. Phil Murphy Has Set Aside $2 Million In Federal Dollars for A Visitor Center in Paterson, New Jersey

Paterson will receive $2 million from Gov. Phil Murphy’s administration, which local authorities believe will close a funding shortfall that has threatened the $47.7 million Great Falls visitor center project. In addition to a 270-space parking garage and a downtown youth center, the Great Falls program is the focus of Mayor Andre Sayegh’s rehabilitation plan …

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EDA And NJHMFA Provide Funding for The Argus Mill Mixed-Use Project in Paterson

In recent months, the New Jersey Economic Development Authority and the New Jersey Housing and Mortgage Finance Agency announced significant financial support for the Argus Ellison Development project, which aims to build 74 housing units on the historic Argus Mill site in Paterson’s Great Falls Historic District as well as provide program space for the …

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A $26 Million Mixed-Use Project in Paterson, NJ

Construction on a $26 million initiative to produce 74 units of affordable housing based around the site of the 19th century Argus Mill in Paterson’s Great Falls Historic District was kicked off by Paterson Mayor André Sayegh and a host of New Jersey politicians. A new four-story apartment building for 68 low- to moderate-income households …

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‘Paterson Will Rise from The Ashes,’ Says Sayegh in His State of The City Address

Mayor Andre Sayegh presented his third State of the City address, a 47-minute speech in which he highlighted his administration’s recent accomplishments, just over two months before Election Day. Sayegh didn’t announce any major new programs or projects during his speech to dozens of invited visitors at City Hall, instead citing topics he’d previously discussed …

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