Chris Sheldon, Staff Writer
Word on the Shore www.wordontheshore.com
“LONG BRANCH: The former Gregory School has now been converted to 117 units of senior affordable housing.
The Long Branch Housing Authority (LBHA) project began work at the historic school, located at 157 Seventh Ave. in 2012 after Hurricane Sandy and finished on Oct. 14 with a ribbon cutting ceremony for phase 2 of the project.
“I’m very happy to be here, and I think it’s fabulous,” new resident Cindy Harding said.
Phase 1 included 65 units at a total cost of $16 million and the second phase included 52 units at a total cost of $14 million. The project received funding from private investors, state and federal aid, and Housing and Mortgage Finance Agency tax credits.
Phase 2 of the project received a commitment of funding from the Community Development Block Grant Disaster Recovery pool of Hurricane Sandy relief monies allocated by the federal government to the state following the storm.
The site is managed by the LBHA in partnership with Conifer Management Company.
The LBHA purchased the 92-year-old school in 2011 from the Long Branch Board of Education for $3 million.”