A new 56-unit affordable apartment community has opened in Irvington, New Jersey, thanks to a partnership between developer Adenah Bayoh and The NRP Group. The five-story mid-rise building comprises one-, two-, and three-bedroom units with parking, with five units reserved explicitly for residents with special needs. Located at 722 Chancellor Avenue near a New Jersey Transit bus stop and access to the Garden State Parkway, this project has done wonders for the local community.
At the ribbon cutting ceremony Mayor Tony Vauss of Irvington remarked: “When we look at these projects from start to finish, we can only imagine all the residents who are going to enjoy the benefits of living in a brand new, affordable community.” Financing partners included: New Jersey Housing Mortgage Finance Agency; JPMorgan Chase Bank; Hudson Housing; Township of Irvington; Greater Newark LISC as well as project based vouchers provided by Irvington Housing Authority.
This development provides an opportunity for low income families or those facing housing insecurity find safe and secure homes that fit their budget while also being conveniently located close public transportation options such as NJ Transit buses or access points like Garden State Parkway making it easier than ever before commute into work or school each day without breaking bank on transportation costs.
The opening of this new affordable housing complex is great news not just for those looking for homes but also entire city which will benefit from increased economic activity generated by influx people moving into area creating jobs opportunities across multiple sectors including retail construction services hospitality etcetera .
