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Jewish Federation of South Jersey Plans Senior, Special-Needs Community for Springdale Road
January 6, 2017
The Jewish Federation of Southern New Jersey has been granted approval for a deed-restricted rental housing project intended to provide affordable living for seniors and adults with developmental disabilities.
Tentatively called “The Commons,” the 15-acre, $40-million project is located at 1721 Springdale Road in Cherry Hill.
It will consist of two, 80-unit, three-story, 85,000-square-foot buildings that will be built in two phases over four years.
Twenty percent of those units will be reserved for adults with developmental disabilities; the remainder will be senior housing for seniors aged 55 and older, deed restrictions that are guaranteed for 45 years. The way was cleared for the site to be used as senior and supportive housing by township council actions in May.
“Housing for individuals with developmental disabilities is moving towards an integrated model,” said Pennrose regional vice-president Jacob Fisher. “The vision of the Jewish Federation and of Pennrose is that the people that we market it to will be able to receive services as needed dependent on their level of need.”
The project is designated 100-percent affordable housing, and will be targeted at renters earning 30, 50, and 60 percent of area median income, which translates to monthly rents of $300, $604, and $756, respectively, for 700-square-foot, one-bedroom units, and $342 to $889 for 800-to-900-square-foot, two-bedroom units.
Developers will seek low-income housing tax credits from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) for each phase of the construction. NJHFMA credits are awarded competitively on an annual basis, and could provide as much as 70 percent of the equity for the project. Pennrose Properties will manage the property and has been coordinated its development with architects Kitchen and Associates and site planners from Mid-Atlantic Engineering.
Unique to the building designs are its first-floor, one-bedroom, quad clusters, which are self-contained but feature separate entries to an indoor common area. These units are reserved for its special-needs residents, and will be tapped for supportive services and community programming, allowing residents to retain their independence within a structured social setting.
To read the full article on NJPen.com, click here.