Developments in suburban NJ get federal affordable housing credits
The state has distributed $27 million in federal low income housing tax credits to help create 1,300 low income apartments in 21 developments, many in suburban locations.
"With awards in areas such as Holmdel, Princeton, and Saddle River, and a combination of mixed-income and 100% affordable projects, these awards help drive the NJ Housing and Mortgage Finance Agency's goals of deconcentrating poverty and encouraging development in communities of high opportunity," the agency said in a written statement.
The Princeton project at 900 Herrontown Road is right off Route 206 and will open up 65 affordable housing units and access to afterschool mentoring and "play time" at the YMCA.
Fifty new units will be available at the Holmdel Family Apartments with five set aside for homeless individuals and families. In Saddle River, which the agency says is one of the highest income small municipalities in the country, half of the units at Saddle River Family Housing will be made available to very low-income and low-income households.
Tavistock at Greenwich will dedicate five units for honorably discharged and homeless veterans.
"I am happy to inform all of the people living in their Suburban Lifestyle Dream that you will no longer be bothered or financially hurt by having low income housing built in your neighborhood," the president tweeted. "Your housing prices will go up based on the market, and crime will go down. I have rescinded the Obama-Biden AFFH Rule. Enjoy!"
A month later Trump claimed that Joe Biden would appoint New Jersey U.S. Sen. Cory Booker, he former mayor of Newark, to lead a program that he said would threaten neighborhoods.
"The 'suburban housewife' will be voting for me. They want safety & are thrilled that I ended the long running program where low income housing would invade their neighborhood. Biden would reinstall it, in a bigger form, with Corey Booker in charge," Trump wrote.
|Genesis Metropolitan Paramus||Paramus||44 out of 104|
|Brittany Woods||Gloucester||29 out of 29|
|Tavistock At Woolwich||Woolwich||71 out of 72|
|Saddle River Family||Saddle River||111 out of 111|
|Willows at Greenwich||Greenwich||66 out of 66|
|Apartments at Clinton||Clinton||84 out of 84|
|Gerards Riverview||Bordentown||65 out of 66|
|900 Herrontown Road||Princeton||64 out of 65|
|Holmdel Family Apartments||Holmdel||50 out of 50|
|Cramer Hill Family||Camden||74 out of 75|
|Stirlingside Residences||Middlesex||53 out of 53|
|Fair Share Senior Housing Ph I||Mount Laurel||70 out of 71|
|Branchburg Senior Phase II||Branchburg||75 out of 75|
|1425 Teaneck Road||Teaneck||39 out of 40|
|Newcomb Senior Phase II||Vineland||68 out of 68|
|Hilltop Senior||Irvington||69 out of 94|
Supportive housing developments
|Henderson Road||South Brunswick||60 out of 61|
|Little Ferry Senior||Little Ferry||84 out of 85|
|Maple Shade Senior||Maple Shade||59 out of 60|