NJHMFA & The Michaels Organization break ground
CAMDEN, NJ — New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive director Charles A. Richman, local officials and The Michaels Organization broke ground on a major renovation of 64 townhomes that will preserve historic properties and affordable homes for families living in the city. Cooper Plaza Townhomes is the restoration of a five-block section of homes in the vicinity of Cooper University Hospital and the city’s downtown business district. The project consists of 34 buildings, including: 25 historic Victorian-style townhomes with 47 apartments; six buildings housing 11 apartments; and three buildings with six apartments. With the preservation, all 64 townhomes will remain permanently affordable for households earning less than 80 percent of the area median income.