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Prioritize Investment in Neighborhoods with Catalytic Potential: Creekside Housing

3
 What is an Initiative?

 

An Initiative is a coordinated effort designed to achieve a Goal. Initiatives contain Actions that, when executed together, will help the City achieve one or more of its Goals.

Goals related to this Initiative

The construction of the Assunpink Creek Greenway and Park, the potential for Bus Rapid Transit access along Route 1, and the proposed Market Street Corridor Project have the potential to change the market conditions in this area significantly. Combined, these projects will make the Creekside area very attractive for residential development and a new anchor of stability in East Trenton. However, these large infrastructure investments are likely to bring significant change to the neighborhood. As such, the City should utilize the East Trenton Collaborative as the City & Neighborhood Partnership Committee to ensure context-appropriate development. In the short and medium-term the City should continue its efforts to acquire and hold parcels that are likely to have a high market value after the completion of the park. The high percentage of homes with Tax liens in the area may support such effort. Moreover, the City should develop a Creekside Area Strategic Development Plan to guide its efforts in the area and update the Redevelopment Plan that covers this area to capture the potential for growth.
The City should consider all of the tools identified in the Housing Toolkit to execute this initiative. For more information on the toolkit, see Develop Housing Toolkit & Implement Prioritized Investment Framework Initiative. In addition, the City should implement the actions listed below to supplement the toolkit.

Actions that support this Initiative

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Vision & Guiding Principles

Read more about the community-driven vision for Trenton and find out how this was translated into actionable goals, initiatives, and actions.

http://trenton250.org/vision-guiding-principles
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