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Conifer In The News

Representatives from Moorestown Ecumenical Neighborhood Development (MEND) and its joint-venture development partner, Conifer Realty, LLC along with Township officials and other project partners held a groundbreaking ceremony to mark the start of Duffy School Apartments - a 53-unit, $14.2 million affordable rental housing community for seniors - located at the historic Marcella L. Duffy Elementary School.

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By Amy Reynolds

FLORENCE — An elegant brick structure in its day, and home to generations of boisterous schoolchildren, the decommissioned Marcella L. Duffy School began its official transformation into an apartment complex this week.

On Tuesday evening, community leaders and elected state and local officials celebrated the ground-breaking for the West Second Street project, a news release stated.

By spring 2015, the two story structure will become a 53-unit affordable senior citizen apartment complex, a project that will cost about $14 million.

“The Duffy School is a shining example of how federal, state, local and private enterprises can collaborate to construct high-quality affordable housing for senior citizens living on low, fixed incomes in New Jersey,” state Department of Community Affairs commissioner Richard Constable stated in the news release.

Constable also serves as chairman of the New Jersey Housing and Mortgage Finance Agency (HMFA).

The project developers, Conifer Realty, and Moorestown Ecumenical Neighborhood Development were awarded tax credits by the state, providing 71 percent of the funding for the redevelopment of the Duffy School.

“As the population is aging, we are seeing increased need for quality facilities that cater to the specific needs of low-income seniors to help them age in place,” DCA spokeswoman Tammori Petty said.

The apartment complex, in addition to providing affordable housing, will have a lasting economic impact on the Burlington County community, Petty said.

The state housing and mortgage agency estimates that the project will generate a one-time economic output of $22.3 million and will create 133 full-time jobs during construction.

Once completed, the apartment complex will provide more than $2.5 million in ongoing economic output and approximately 14 full-time jobs annually, the news release stated.

The development is a functional re-use of the historic school building, Petty said.

The building itself will be converted into 35 apartment units and the construction of an additional building will provide 18 units.

All units will be handicap-accessible and building amenities will include a community room, fitness center, library, craft room and entertainment facility.

“This project will give senior citizens the opportunity to age comfortably in place and maintain a sense of independence,” housing and mortgage agency Executive Director Anthony Marchetta said in the release.

All of the units in the complex will be affordable, Petty said.

Of the 53 units, seven will be available to households with incomes at or below 30 percent of the area median income, and five will be reserved for homeless seniors.

Of the units remaining, 25 will be for households with incomes at or below 50 percent median income; and 21 will be used for households with incomes at or below 60 percent of median income.

“Adaptive-reuse projects like this serve as a catalyst for advancing economic development and encouraging further redevelopment in New Jersey’s municipalities,” Marchetta said.

By Sean Patrick Murphy Staff Writer

FLORENCE — Ground was broken Tuesday for a housing complex that officials said would fill the affordable housing needs of many.

Called the Duffy School Apartments, it will provide below-market rental units for low- and moderate-income senior citizens and adults with special needs. The project is expected to be ready for occupancy next spring.

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By Chris Bishop Staff Writer

FLORENCE — A long-awaited affordable housing project will get a step closer to fruition with a groundbreaking that will lead to the conversion of the old Marcella L. Duffy School into a 53-unit senior rental community.

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TRENTON -- The Department of Environmental Protection’s State Historic Preservation Office and the New Jersey Historic Sites Council today announced the recipients of the 24th Annual Historic Preservation awards. The awards, given out during National Preservation Month in New Jersey, honor projects, groups or people dedicated to preserving the state’s rich history.

Held at the Historic Prallsville Mill in Stockton today, the annual awards ceremony honored, among others, the preservation of an old jail in Mays Landing, the rehabilitation and repurposing of a grand old opera house in Woodbury, the adaptive reuse of a historic barn at a corporate complex, and the restoration of an Ice Yacht.

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Five area financial executives were honored Tuesday at the annual Financial Executive of the Year Award luncheon, which recognizes contributions to their organizations and the community during the past year.

The awards luncheon, co-presented by the Rochester Business Journal and the local chapter of Financial Executives International, was held at the Hyatt Regency Rochester.

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By Erin Arvedlund, Inquirer Staff Writer
Posted: May 19, 2014

If you're a Philadelphia schoolteacher, here's a lesson in real estate development: At Oxford Mills, educators can rent two-bedroom/two-bathroom loft apartments for the below-market rate of $1,500 a month.

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EGG HARBOR CITY, N.J. – The New Jersey Housing and Mortgage Finance Agency (HMFA) today announced the groundbreaking of Conifer Village at Rittenberg, a 100-unit affordable senior housing development in Egg Harbor City, Atlantic County, which was awarded federal Sandy Recovery funds. Five units will be set aside for homeless individuals, 62 and older.

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Albany, NY (May 1, 2014)

Governor Andrew M. Cuomo today announced the start of construction of Wincoram Commons, a major redevelopment project in Coram, Suffolk County. The project was named a priority by the Long Island Regional Economic Development Council (LIREDC), and will redevelop a former vacant and blighted site into a new, mixed-use development with 176 workforce apartments and commercial space. The project will inject nearly $56 million into the local economy and is expected to create approximately 145 construction jobs and more than 30 new, permanent jobs.

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