Belmont Portfolio A scattered-site development consisting of six separate properties with a total of 143 units.
Phase I: New Center City Apartments 40 West Kinney & 80 Court Street, Newark, NJ 07102 / 49 units Built between 1900 and 1969 and partially renovated in 1985 and 1995, New Center City is a 49-unit midrise apartment complex, consisting of two multi-story buildings in Newark New Jersey. One site, a 4-story walk up, is located at 40 West Kinney Street and the second site, a 5-story elevator building, is located at 80 Court Street. The properties are located near transit and include one-, two-, and three-bedroom units serving very low- income (<50% AMI) and extremely low-income (<30% AMI) current and future residents. One property, 80 Court Street, has on-site parking and all units have a basic level of finishes and appliances. The landlord provides heat, hot water, and trash removal. A substantial rehabilitation of New Center City Apartments began in late 2021. Phase II: New Irvine Turner Apartments 393, 399, 400, and 416 Irvine Turner Boulevard, Newark, NJ 07108 94 units Built between 1900 and 1969 and partially renovated in 1985 and 1995, New Irvine Turner Apartments consists of four multi-family buildings located in Newark, NJ. The four buildings contain a total of 94 residential units. These properties are located near transit lines and serve very low-income (<50% AMI) and extremely low-income (<30% AMI) current and future residents. Site amenities include elevators and parking at one of the properties 393 Irvine Turner Boulevard. In the adjacent parking lot of 416 Irvine Turner Boulevard, a new community building accessible to all residents will be built. This community building will provide a fully accessible management office and amenity space, including laundry facilities and resident services office and function room. The units have a basic level of finishes and appliances. The landlord provides heat, hot water, and trash removal. A substantial rehabilitation of New Irvine Turner Apartments began in spring in 2022. Supportive Housing Partnership The project will have 15 set-aside supportive housing units that will be provided social services by the Newark YMCA. The population to be served will be homeless individuals/and or families in need of permanent and affordable supportive housing. The 15 units rental subsidy will be supported by the U.S. Department of Housing and Urban Development as the units are Project Based Section 8. The residents will be offered services both at the Newark YMCA headquarter office and on-site at the new community building.
NHPF BUILDS NEW JERSEY
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