Mayor Steven M. Fulop joined The Community Builders (TCB) and the New Jersey Housing and Mortgage Finance Agency (NJHMFA) recently to celebrate the substantial rehabilitatio♊n and grand opening🦩 of Bergenview Apartments.
“The Community Builders is thrilled to give this historic site new life as Bergenview Apartments, providing residents with stable housing and supportive services to make the neighborhood even stronger,” said Jacqueline Alexander, The Community Builders’ regional Vice President for real estate development.
“I extend my deepest thanks and a wꦡell-earned congratulations to Mayor Fulop, the NJHMFA, and the many partners, stakeholdersꦆ, and neighbors who made this development possible, especially the people who call Bergenview Apartments home. We’re proud to continue to provide residents with quality homes, supportive services, and new amenities as they begin a new chapter in their lives.”
The unveiling of the ♔new Bergenview Apartments at 654 Bergen Avenue comes after the substantial rehabilitation and preservation of a historic former YMCA building. The apartment community features 111 studio apartments for individuals who have previously experienced homelessness.
“These newly renovated units provide formerly homeless residents with a place they can really feel at home with their very own kitchen and bathroom facilities and other updated amenities,” said Mayor Fulop. “We are grateful to The Community B💯uildeꦅrs and NJHMFA for their great work on this project and the on-site supportive services and community resources they offer to help residents who formerly experienced homelessness find a path for a successful future.”
All of the affordable homes now fe🏅ature♏ in-unit private bathrooms, kitchens, and energy efficient appliances. Additionally, the new amenities are specifically designed to create an engaging environment for all residents.
New common amenities include an on-site property management and social service suite, a gym, and a bicycle stꦆorage room. A newly designed community room fosters gatherings with a foosball and ping pong table, a demonstration kitchen, and a learning center.
The rehabilitation also includes enhanced major building systems, including HVAC, roof, and elevator. Environmen༒tally friendly, Bergenview Apartments achieved ENERGY STAR and Enterprise Green Communities (EGC) certifications.
“NJHMFA is proud to support and finance the rehabilitation of Bergenview Apartments, a development that will provide over 100 Jersey City residents with long-term, affordable housing opportunities,” said NJHMFA Managing Architect Roger Grutzmacher.
The Community Builders⭕ acquired the historic YMCA building in 1999 and, under the HUD McKinney Program, converted the structure from a 210-unit, single room occupancy (SRO) building into a 131-unit building containꦗing 59 SRO units and 72 studios serving formerly homeless residents.
In November 2020, TCB secured construction financing to substantially reha🌄bilitate and convert the site under the HUD Rental Assistance Demonstration Program (RAD). The renovation converted the remaining 59 SRO units into 40 studio units.
The preservation of Bergenview Apartments was made possible through funding provided by NJHMFA, low-income housing tax credit equity, FHLB-AHP funding, and TD Bank. Bostoಞn Financial Investment Management (BFIM) will serve as syndicator, and the Community Preservation Corporation (CPC) will service the permanent mortgage, a tax-exempt loan provided through Freddie Mac. Kramer+Marks Architects (KMA) is the project architect. Pike Construction Co. LLC is the general contractor.
