Christie Administration Marks Grand Opening of Affordable Housing Project in Tenafly, Bergen County Assisted with Federal Sandy Recovery Funds

Tenafly, NJ – November 24, 2015 – (RealEstateRama) — The New Jersey Housing and Mortgage Finance Agency (HMFA) today joined local officials and representatives from Bergen County United Way and Madeline Housing Partners, LLC to celebrate the grand opening of Tenafly Supportive Housing, a six-unit affordable housing development for special needs individuals in Tenafly Township, Bergen County.

The social services coordinator for this project is Bergen County United Way/Housing Works, which will act as a liaison between the tenants, their supportive services providers, and the community.

These economic impact figures were estimated using multipliers derived from a 2013 study entitled “Economic and Fiscal Impacts of the New Jersey Housing and Mortgage Finance Agency’s Investment in Affordable Housing,” conducted by HR&A Advisors, Inc., a real estate and economic development consulting firm.

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