Andy Polhamus, Staff Writer
“CLAYTON – The borough has been awarded $1.7 million in tax credits for low-income veteran housing, the Gloucester County Board of Chosen Freeholders has announced.
“Veterans deserve our support and assistance, especially if they are dealing with mental or physical disabilities,” said Freeholder Director Bob Damminger. “The men and women who served our country in uniform deserve our help and support.”
The money is to be used to support the construction of 76 housing units, a quarter of which are reserved for disabled veterans. A press release from the board noted that veterans will also receive preference for placement in the remaining 75 percent of the development.
“This housing will be extremely important to the families who will now have homes to live in that they can afford,” said state Senate President Steve Sweeney. “The emphasis on veterans, especially those with disabilities, is the right thing to do. The funding is also helpful to the entire community because it helps remove any financial responsibility from the county and towns in the area.”
The housing project, which builders plan to put up at 865 Delsea Drive, is a joint venture between the People for People Foundation and Conifer Realty. The funding comes in the form of federal tax breaks awarded by the New Jersey Housing and Mortgage Finance Agency. Known as the the Federal Low Income Housing Tax Credit Program, the program is intended to spur private development of affordable housing projects.
“We believe in our veterans and we believe in providing them with access to safe and secure affordable housing options,” said Bernadette Blackstock of the People for People Foundation.
The development consists of 14 one-bedroom apartments, 40 two-bedroom units, and 22 three-bedroom units. Another five will be set aside for residents of Gloucester County who are currently homeless.
Builders said last spring that the project would cost a total of $20 million, and feature a computer lab and small community space. As of April, Conifer planned to have building done by the end of 2016.”