Page Homes to become $24M townhouse apartments
TRENTON » The Trenton Housing Authority (THA) will transform outdated public housing into modern townhouse-style apartments.
The $24-million project will take place at Page Homes, THA Executive Director Jelani Garrett announced Tuesday.
The current six, three-story walk-up buildings that house 159 units will be demolished for 77 townhouse-style units similar to THA’s Rush Crossing project, Garrett said.
“We’re going to reduce the density, improve the site and build back 77 units,” Garrett said. “It’s going to be a whole new develop.”
Page Homes, which was mostly two-to-three bedroom units, has been vacant for more than five years. THA began gradually vacating the property in 2009.
The new project will feature 77 new one-to-three bedroom units.
THA recently received a $1.4 million Federal Home Loan Bank of New York grant sponsored by M&T Bank to complete the project.
“M&T Bank has consistently demonstrated a deep commitment to our local communities in New Jersey,” said Alle Ries, Community Reinvestment Officer for M&T Bank in New Jersey. “We are thrilled to sponsor
the Federal Home Loan Bank of New York’s grants to create urgently needed affordable housing throughout the State of New Jersey.”
The rest of the monies comes from Low-Income Housing Tax Credits from the U.S. Department of Housing and Urban Development (HUD) and capital funding from THA>
Garrett said THA is looking to complete the project in 15 to 18 months.
“We’re breaking ground in fall of this year, winter of next year the latest,” the THA leader said. “We will begin filling those units in 2019 and finish leasing in 2020.”
The units will be filled by a site-based wait list.
Page Homes is located at 150 Rossell Ave.
According to information on THA’s website, the new development will consist of 7 one-bedroom units, 39 twobedroom units, and 31 threebedroom units.
“Each unit will have a private entrance, full kitchen and comply with Energy Star and Enterprise Green requirements,” THA states. “The apartments will be affordable to individuals and families with varying incomes ranging from 20 percent to 50 percent of the area median income.”