Ellavoz Impact Capital has secured $12 million in state tax credits to transform a long-vacant historic hospital in Newark into affordable workforce housing for healthcare workers, students, and mobile professionals.

The New Jersey Economic Development Authority awarded the Historic Property Reinvestment Program tax credits last month for the restoration of the original St. Michael’s Hospital buildings on Dr. Martin Luther King Jr. Boulevard.

Construction is expected to begin in early 2026.

The interconnected structures, built in 1869, have sat empty for more than two decades, according to a statement by Ellavoz Impact Capital.

The real estate developer plans to convert the 104,000-square-foot building into Newark Commons, featuring 42 housing units with 146 bedrooms.

The Newark

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