Atlantic City Launches Housing Strategy to Reduce Blight and Spur Redevelopment
What happened
Chelsea Economic Development Corp. launched a housing strategy in Atlantic City designed to reduce blight and redevelop vacant properties in the Chelsea neighborhood. This initiative includes a pilot program, community input, and a university research partnership. The Jumpstart Atlantic City program, a seven-week training initiative, is designed to connect and train developers, investors, contractors, and community leaders in the city.
Why it matters
The housing strategy aims to facilitate the redevelopment of properties and support quality-of-life efforts in Atlantic City. The Jumpstart program provides training for various industry participants, which could support local investment and construction activity.
Who's involved
- Atlantic CityCity where the housing strategy is being implemented and blight is being addressed
- Stockton UniversityUniversity partnering with the Corp on research related to the housing strategy
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Stockton UniversitySpeculative
Stockton University could gain new funding and research opportunities through its partnership in the housing strategy.
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The entities involved
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Atlantic City
city in Atlantic County, New Jersey, United States