NJEDA Awards $54.3M for Affordable Housing and Commercial Space in Trenton
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- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Trenton Housing Authority secured a $54.3 million award from the New Jersey Economic Development Authority. This funding will transform the former Trenton Junior One Middle School into Choice Junior One. The new complex will include 107 one-bedroom apartments for seniors, an early childhood daycare center, and commercial space.
From nbcphiladelphia.com
Why it matters
The investment supports the creation of 100% affordable housing and community services in Trenton. The project also includes commercial space and workforce development programs, which aims to create opportunities for local residents.
The city of Trenton operates within the economic framework of New Jersey.
From nbcphiladelphia.com
Who's involved
- New Jersey Economic Development AuthorityProvided financial backing for development projects in Trenton.
- TrentonIs the city receiving the funding for the housing and commercial project.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New JerseySpeculative
New Jersey might see increased investment in affordable housing and commercial sectors.
- StarbucksSpeculative
Starbucks might see increased demand from the new residents and commercial space.
- Mercer County Community CollegeSpeculative
Mercer County Community College might see increased demand for its programs due to the new daycare and workforce offerings.
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The entities involved
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New Jersey Economic Development Authority
government agency in New Jersey, United States
Nothing else this week.
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Trenton
capital of New Jersey, United States and seat of Mercer County, New Jersey, United States