Jersey City Housing Authority and The Michaels Organization Celebrate the Start of New Mixed-Income Apartment Community on the Former Site of Obsolete Public Housing
JERSEY CITY, N.J., September 21, 2017 (Newswire.com) - WHAT: Ceremonial groundbreaking for Montgomery Gardens Family Apartments, a $45.1 million, mixed-income affordable housing community, marking an important next step in the revitalization of Jersey City’s McGinley Square-Montgomery Street Corridor Neighborhood.
WHEN: Friday, Sept. 22, 2017, 11 a.m.
We're proud to be taking the next step in the revitalization of this important and historic neighborhood.
Gary Buechler, President, Michaels Development
WHERE: Community Room, Catherine Todd Senior Living Center, 565 Montgomery Street, Jersey City, NJ, 07302
DETAILS: City, state, and local officials will join The Michaels Organization and the Jersey City Housing Authority to celebrate the start of Montgomery Gardens Family Apartments (Phase I) , a new mixed-income community being built on the former site of obsolete public housing. The new rental apartment community will offer 126 units of high-quality housing for families of all income levels, including public housing residents and the formerly homeless. Amenities will include a spacious community center, where supportive services will be offered to the residents.
The Honorable Steven M. Fulop, Mayor, Jersey City, NJ
The Honorable Raj Mukherji, Assemblyman for the State of New Jersey
Gary Buechler, President, Michaels Development Company
Marvin L. Walton, Executive Director, Jersey City Housing Authority
Anthony L. Marchetta, Executive Director, New Jersey Housing and Mortgage Finance Agency
Lynne Patton, HUD Region II Regional Administrator, NY & NJ
About The Michaels Organization: The Michaels Organization is a family of independent operating companies dedicated to excellence in affordable, mixed-income, military and student housing. Serving more than 130,000 residents in 380 communities across 35 States, D.C., and the U.S. Virgin Islands, The Michaels Organization is a national leader in residential real estate, with full-service capabilities in development, finance, property management, construction, and tax credit syndication. www.TMO.com
About the Jersey City Housing Authority: The Jersey City Housing Authority is New Jersey’s second-largest public housing authority, serving approximately 6,500 low-income households and over 18,000 residents, including seniors and those with disabilities. The JCHA has been lauded as a champion of quality life enhancements, crime reduction initiatives, energy efficiency and green building practices, policies promoting Section 3 hiring, and an impeccable track record of revitalizing distressed public housing. In addition, for the last nine consecutive years the Section 8/Housing Choice Vouchers program has been designated as a “High Performer” in accordance with HUD’s standards. A leader in the provision of low-income housing and services, the JCHA’s sterling history of revitalizing distressed neighborhoods has included the receipt of three federal HOPE VI Revitalization Grants, which have transformed blighted barracks-style and high-rise “vertical concentrations of poverty” at Curries Woods, Lafayette Gardens, and A. Harry Moore Apartments into energy-efficient, privately managed, architecturally distinguished mixed-income communities that provide social and supportive services, attracting low, moderate and market-rate residents. Through HOPE VI, the JCHA has created over 1,040 new mixed-income rental units. Additionally, the JCHA has successfully utilized Sandy CDBG-FRM funding to replace Booker T. Washington’s antiquated heat and hot water systems, and to soon install an emergency generator and roof replacement at Thomas J. Stewart Apartments.
Source: The Michaels Organization