Groundbreaking for Village at Garwood a 72-Unit Affordable Senior Housing Facility

From left, Diane Johnson, Westfield Senior Citizens Housing Corp. Executive Director Karen Simon, and Walter Kreher

On Tuesday, December 3, 2013, Newark Office Director Diane Johnson and Multifamily Director Walter Kreher participated in the groundbreaking ceremony for the Village at Garwood, a 72-unit affordable senior housing facility. The development has been awarded an $11.7 million Section 202 Supportive Housing for the Elderly Capital Advance, as well as a three-year rental subsidy of $1.6 million. Social and recreational activities will be provided for residents, and a variety of services will enable seniors to remain in their homes as long as possible. Other funding sources include a Federal Home Loan Bank grant, Low Income Housing Tax Credits, and a NJ Housing & Mortgage Finance Agency construction loan. The development's non-profit sponsor is the Westfield Senior Citizen Housing Corp., and Monarch Housing Associates is serving as a consultant for the Village at Garwood.

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