HADDON HEIGHTS, NJ – May 10, 2013 – (RealEstateRama) — Today, Congressman Andrews announced that a federally backed construction project is underway in Winslow Township, creating 35 new construction jobs according to Eastern Pacific Development. The total construction is expected to cost $60 million, approximately one-fifth of which is paid for through federal tax credits. Congressman Andrews authored a letter to the New Jersey Housing Mortgage and Finance Agency, the state agency in charge of administering the federal funds, advocating for the project as a catalyst for our local economy and job market.
The first phase of the housing project is the construction of 49 town homes that will house 94 apartments for families with rent ranging from $700 to $1100. Later this fall, the project is expected to move to its second phase– the construction of an addition 92 units intended for senior citizen housing. The entire facility is expected to be complete in 2018 and will include 200 to 300 units.
“These construction jobs are an immediate economic boost for Winslow Township,” said Congressman Andrews. “These buildings will attract new residence which means more income for businesses and more job growth in the future.
Congressman Rob Andrews is a strong voice in Washington for bringing the necessary support home for projects that create jobs, while improving the safety and standards of living for families and our most vulnerable citizens.