News Release
 
 

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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