14A — January 2024 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
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O wners , D evelopers & M anagers
The Affordable Housing Production Fund from NJHMFA contributes partial funding The Alpert Group breaks ground on West Orange senior housing community in Essex County, NJ
W EST ORANGE, NJ — Ceremonial shovels hit the dirt at the site of the West Orange Senior Housing Community, where local political dignitar- ies and other key stakehold- ers joined full-service real estate company The Alpert Group LLC for the project’s official groundbreaking on December 1. The 100% affordable, 65-unit community will make West Orange a model for the type of affordable housing that senior residents need to age in place. "We've been looking forward
to this groundbreaking, as it's critically important for West Orange's seniors who have a strong need for local, af- fordable housing,” said West Orange Mayor Susan McCart- ney. “We'll also be providing a helping hand to homeless seniors through dedicated per- manent housing and access to essential social services. This new building is the result of sig- nificant collaboration between many local and state organiza- tions that are improving the lives of seniors." Located at 46 Mount Pleas- ant Ave., the West Orange
Senior Housing project will include one-bedroom and two- bedroom units, on-site park- ing, modern amenities, and age-friendly features. Incorporating Permanent Homeless Housing Units The five units of age-restrict - ed, permanent supportive housing units for homeless persons will allow those resi- dents to access a comprehen- sive array of social services focused on helping them live independently in a safe and secure environment. Services provided to those residents will include service coordina- tion/case management, link- ages to healthcare and treat- ment programs, educational/ vocational training programs, employment and job readiness programs, financial empow- erment programs, life skills training, transportation, and wellness resources. The income-restricted com- munity is helping to satisfy West Orange’s affordable hous- ing obligation, and is partially funded by the NJHMFA Af- fordable Housing Production Fund, an appropriation from the NJ. Coronavirus State and Local Fiscal Recovery Fund. Joseph Alpert , president of The Alpert Group, said, "The West Orange Senior Housing Community building is ad- dressing a dire need in New Jersey for affordable senior housing, and we are proud to partner with financing entities that believe in this mission. When it opens in late summer 2024, the project will likely be transformative for many people in West Orange. This is the sort of development that uplifts everyone in the community." Financial partners include New Jersey Housing and Mortgage Finance Agency, Enterprise Community Partners, TD Bank, Essex County, and The Township of West Orange. Essex County executive Jo- seph N. DiVincenzo, Jr. , said, “I am pleased that Essex County is able to partner with the Twp. of West Orange and The Alpert Group to support this mixed-use development that will bring space for the community and affordable rental units to the township’s Main Street corridor. This unique combination of uses enhances ratables for West Or- ange while providing first-class public space.” MAREJ
The Alpert Group and local political and housing representatives attend the groundbreaking ceremony for the West Orange Senior Housing Community in West Orange, NJ.
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