2017-09-13 / Columns

Tax credit approval at 1721 Springdale brings housing one big step closer

Jewish Federation CEO

We here at the Jewish Federation are thrilled to announce that our project to build affordable housing for older adults and adults with special needs is one big step closer to becoming a reality. Late last month, our project was selected to receive low-income housing tax credits for our 80-unit Phase 1. This tax credit allocation will enable us to proceed forward with Pennrose on a closing toward the end of 2017/January 2018, which will provide the bulk of the financing needed for this construction.

This new housing will be located at The Commons at 1721 Springdale Road. It will bring independent, multi-generational living to both older adults and adults with special needs, while providing supportive services, work and volunteer opportunities, and community activities for both residents and non-residents to live a full, independent, and integrated life.

We are so grateful to our board for their support, hard work, patience, and dedication in enabling us to provide critical mission-aligned services to those in need.

Thank you to Scott Seligman and WCRE for seeing a piece of land and for calling us to see if we might be interested.

Thank you to Federation Presidents Betty Adler and Vicki Zell for your leadership in purchasing the land and for seizing the opportunity when presented with an idea of what could be achieved.

Thank you to Harry Platt for chairing the 1721 Committee and for his perseverance and direction.

Thank you to Mayor Cahn and Council President Fleisher who worked collaboratively with us and the various constituent groups in clearly articulating what could be done and what would work and what would not.

Thank you to The Camden County Freeholders and Jeff Nash for their unwavering support of this project.

Thank you to Rick Goldstein who we have witnessed fight for this type of housing for over 25 years—his wisdom, advocacy, and guidance got us to this day.

Thank you to Bob Schwartz for working along with Brad Molotsky and the team to get us to closing on the land, the financing, and for documenting our relationship with Pennrose.

Thank you to the 1721 Committee and to our agency executives and lay leaders who participated in many meetings to work through what could be done at 1721 and what services we might be able to provide.

Thank you Brad Molotsky for your vision of what we could achieve together, for having that “can do” and “never say die” attitude, for cheering us on, sketching out each step of the journey, for building key relationships and networking ceaselessly on our behalf, and to opening doors we did not even know existed.

Thank you again to the entire board. Because of you, we will strengthen our community in a new, unique, and fiscally sound way. We couldn’t be more excited! We are bringing a cutting-edge and innovative model for community inclusion to our Federation family.

We have taken a huge step towards helping those most in need—our hearts are full and we are so very excited to see our vision (and that of those who came before us) move one BIG step closer to reality!


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