Funds Will Construct a New Senior Housing Development in Pleasantville for Low-Income Seniors
WASHINGTON, November 1, 2007 – United States Senators Robert Menendez and Frank R. Lautenberg today announced that the Department of Housing and Urban Development (HUD) has awarded the Catholic Charity Diocese of Camden, Inc. and its subsidiary, The Diocesan Housing Services Corporation, a nearly $ 12 million grant as part of its Section 202 Program. HUD’s Section 202 program makes capital advances to private nonprofit organizations to construct, obtain or rehabilitate rental housing with support services for seniors. The advance is interest free and does not have to be paid back so long as housing in the community remains available to low-income seniors for at least 40 years.
The Diocesan Housing Services Corporation of the Diocese of Camden, Inc., which serves six of southern New Jersey’s counties, plans to use the funds to construct a six-story, 74-unit housing development in Pleasantville, New Jersey. Construction is set to begin on the old Saint Peter’s convent site by 2009.
“In the United States Senate, I have stood up to ensure New Jersey’s senior citizens may live out their lives with dignity and respect they deserve,” said Menendez. “This grant will allow New Jersey’s low-income seniors to live independently and comfortably. I eagerly await the groundbreaking of new, affordable senior housing in Pleasantville.”
“This new funding helps make sure that New Jersey’s senior citizens, no matter their income, can live without fear of being left without a roof over their heads,” said Lautenberg. “We must do all we can to provide our older residents with safe and affordable housing for years to come, and these grants are a step in the right direction.”
“With the continued support of Bishop Joseph Galante, we are excited about this opportunity to provide affordable luxury housing for low-income senior households in Pleasantville,” said Curtis H. Johnson, Jr., Executive Director of the Diocesan Housing Services Corporation. “St. Peter’s senior housing represents the 7th affordable housing property offered by the Diocesan Housing Services Corporation. The demand for quality, affordable senior housing continues to grow and I am pleased that our Federal legislators helped to make this project a reality.”
Organization Name
The Catholic Charity Diocese of Camden, Inc. (cosponsor)
The Diocesan Housing Service Corp.
Federal Share
$11,660,700.00
