BRIDGETON, N.J. — A ribbon-cutting ceremony was held on Tuesday, July 30 for an apartment complex rehabilitation project in Bridgeton.
Bridgeton Villas, now known as Ivy Square Apartments, has been modernized with upgraded kitchens, bathrooms, as well as heating and air conditioning systems. Exterior work was also done like landscaping, roofing, painting, and facade repairs. The complex also has a new playground and a new community building with a fitness center.
The New Jersey Housing and Mortgage Finance Agency (NJHMFA) provided financing for both phases of work on Ivy Square Apartments.
“This redevelopment preserves housing that is affordable to working families in the community and is a true public-private partnership,” NJHMFA Executive Director Charles A. Richman said. “These renovations have significantly upgraded these apartments. Providing safe and stable housing opportunities helps promote a healthier standard of living and quality of life, and enhances the surrounding neighborhood. This apartment community also represents our continued commitment to provide supportive housing for residents who need it.”
Ivy Square Apartments will be affordable to households at 60% or below the area median income. Ten apartments will provide homes for homeless individuals and families, and five apartments are handicapped accessible.
For more information on NJHMFA programs, visit njhousing.gov.