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For
Release: December
6, 2006
Photo Opportunity Available
Gilbert Hueyopa
The Community Builders
(732) 296-8167/
ghueyopa@tcbinc.org
GROUND BREAKING CEREMONY
FOR NEW SENIOR HOUSING BUILDING
(New Brunswick, NJ) –The Community Builders
in conjunction with the New Brunswick Housing Authority (NBHA)
and the City of New Brunswick performed a Ground Breaking Ceremony
for the new Lord Stirling Senior Housing Project, the third phase
of the New Brunswick Housing Authority’s HOPE VI Revitalization
Plan, on December 6, 2006, at 11:00 a.m. at 40 Hassart Street in
New Brunswick.
The Lord Stirling Senior Housing Project is the third of NBHA’s four-phase
plan to replace 246 units of deteriorating high-rise public housing demolished
in 2001, with 205 units of mixed-income, mixed-use low rise affordable housing.
Lord Stirling is the conversion of a hundred year old school to 48 affordable
senior housing units that will include: on-site parking, community room, courtyard,
common laundry facility, and computer lab while offering social services to all
residents. Lord Stirling is the first project in the State of New Jersey to use
both HUD 202 Senior Housing Funds and NJHFMA low income tax credits in addition
to funding from the City of New Brunswick, Apollo Housing LLC, Federal Home Loan
Bank- New York and Magyar Savings Bank.
According to The Community Builder’s Project Director Don Garfinkel, “Today’s
ground breaking is another tangible sign of the physical progress of The Community
Builder’s commitment to the Housing Authority’s HOPE VI Revitalization
Plan. The Lord Stirling Senior Housing Building will not only benefit local senior
residents, but also the community at large.”
John Clarke, Executive Director, New Brunswick Housing Authority, noted, “Partnering
with our developers, residents, the City of New Brunswick, and local community
groups, continues to be the key to making our City’s HOPE VI revitalization
process a continued success. Today’s ground breaking is proof that by working
together we can make a better future.”
The revitalization effort began in August 1998 when the New Brunswick Housing
Authority was selected to receive a $7.5 million HOPE VI grant from the U.S.
Department of Housing & Urban Development. Since that time The Community
Builders Inc., and the City of New Brunswick have worked with the Housing Authority
to leverage additional funds to complete a projected $43 million development
program using a variety of different city, state, federal, and private funding
sources.
The HOPE VI Partners for this phase include: The New Brunswick Housing Authority,
The City of New Brunswick, The Community Builders, U.S. Department of Housing
and Urban Development (HUD), Apollo Housing LLC, New Jersey Home Mortgage Finance
Agency (NJHMFA), Federal Home Loan Bank- New York and Magyar Savings Bank of
New Brunswick.
Beverly J. Bates, Senior VP, The Community Builders, Inc. (TCB), noted, “The
Lord Stirling Senior Housing Project represents our latest commitment to the
entire New Brunswick community. We, at The Community Builders, believe that the
Lord Stirling conversion project offers first rate senior housing and compliments
the overall redevelopment of the surrounding area. .”
The Community Builders (TCB) has been
planning, developing, and managing affordable housing for almost 40 years. TCB
has grown from a Boston neighborhood-based organization
to a development consultant and finance partner to a full-service non-profit
developer specializing in large scale redevelopment projects making us the largest
non-profit urban housing developer in the United States.
For additional info,
please visit our web site at: www.tcbinc.org.
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