Haddonfield Nonprofit To Get $4.7M For Affordable Housing

HADDONFIELD, NJ — A nonprofit organization has been awarded $4,701,000 to build 25 affordable housing units in Haddonfield, borough officials announced.

The Elizabeth Place and Boxwood Cottage received the money from the state through the Affordable Housing Trust Fund to build the units to be housed in three buildings at Snowden Avenue and Lake Street, according to officials.

“The commissioners and I are incredibly happy to learn of this reward, which enables us to meet affordable housing obligations right in the heart of our borough,” Haddonfield Mayor Neal Rochford said. “Being centrally located, within walking distance to our schools, library, playgrounds public transit and all of the conveniences of the downtown is really an accomplishment to be proud of. We are excited to get to work on this project, and ultimately welcome new members of our community.”

The funding was awarded to smaller rental and homeownership housing projects of 25 units or fewer statewide, according to officials. Funding was based on a municipality addressing housing needs, leveraging other public and private resources, and a flexible structure for money to be used to complete projects.

The Department of Community Affairs (DCA) also held hearings with stakeholders as to the best way to spend the money equitably.

“This award is a great achievement for our community, and will have a significant impact on our ability to increase the number of affordable housing units within our borough,” Haddonfield Commissioner Colleen Bianco Bezich said. “I am very grateful for the DCA’s recognition of the importance of smaller scale projects like this, which would not be feasible without this financing. It’s also exciting to receive an award that furthers smart growth development and conservation principles right here in our Downtown Haddonfield.”

“After many years of uncertainty, legal challenges, changing rules and spent tax dollars on Haddonfield’s affordable housing obligation, it’s satisfying to finally have an approved plan to implement,” Haddonfield Commissioner Jeff Kasko said. “This grant will help fund the building of these units and move us toward meeting our affordable housing obligation.”