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| Jubilee Center- Hoboken |
The five-year lease permits the district to use all three floors of the Jubilee Center for early childhood education. The space will be allocated to four Head Start preschool classrooms for 60 children in the Pre-K3 and Pre-K4 programs.
Back in February of 2021 and after a lengthy negotiation, the City of Hoboken announced plans to purchase the Jubilee Center at 601-603 Jackson Street, potentially using the property to host community programs and possibly house public school classes.
According to City officials, Hoboken was able to receive a low-interest loan from the Department of Housing and Urban Development (HUD) to cover the cost of the building—valued at $3 million. The plan was to then rent space out to community entities, using the revenue from those leases to cover the cost of the loan and thereby eliminate any impact on Hoboken's municipal budget. In March, nonprofit TRUE Mentors moved into the first and third floors of the Jubilee Center to provide free one-on-one, group, and educational mentoring programs to Hudson County youth between the ages of 7- and 18-years-old.
Under the terms of the lease agreement, the Hoboken Public School District will use all three floors of the Jubilee Center (9000 sq feet) from 7 a.m. until 4 p.m. while TRUE Mentors will continue to use the facility from 4 p.m. to 9 p.m. until June 30. Starting in September, the district will have access from 7 a.m. to 7 p.m.
The Hoboken City Council adopted an ordinance authorizing the lease agreement on Wednesday, May 4, by an 8-0-1 vote. Councilman Michael DeFusco was absent.
Jubilee Lease May 2022 by Tony Petrosino on Scribd
