87 Low-Income Units Coming To Hillsborough

HILLSBOROUGH, NJ — A tax credit by the Murphy administration was recently awarded to build low-income housing in the Concord Residences project in Hillsborough.

The credit awarded to the developer RPM Development will help cover the 87 affordable units of the 88 total units for the project. The multi-family residential development is slated to be built on a roughly 62-acre piece of land between Camplain Road and the Royce Brook at the north eastern portion of the Township near Manville.

The project was approved by the Planning Board in August, however, there is no specific timetable for construction to begin.

The units will be constructed in 13 two-story townhouse-style structures. There will also be a clubhouse building.

This project will help Hillsborough meet its affordable housing obligation

The credit administered under the New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) was awarded at the end of December. The state of New Jersey regularly encourages developers to build low-income and senior housing by giving developers tax breaks.

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