NJHMFA, MEND & Conifer attend groundbreaking of affordable senior apartment community
CINNAMINSON, NJ — New Jersey Housing and Mortgage Finance Agency executive staff joined local officials and representatives of Moorestown Ecumenical Neighborhood Development Inc. (MEND) and Conifer Reality LLC for a groundbreaking marking the start of an age-restricted affordable rental apartment community. The new construction of a three-story building situated in a residential area on Riverton Road in Burlington County will house 54 one-bedroom apartments for seniors 62 and older who earn up to 60 percent of area median income, with five units to be set aside for homeless senior residents. The development includes the demolition of an existing building on the underutilized property, which was purchased by the township over a decade ago. The new building, which has not yet been formally named, will include community, computer and fitness rooms, and laundry facilities.