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Chestnut Station
West Chestnut Avenue, Merchantville, New Jersey | Rental Information
Chestnut Station is a 74-unit mixed income senior apartment community constructed on an urban renewal site in the Borough of Merchantville, New Jersey. Construction was completed January 2004.
Fourteen of the units are market rate with the balance affordable to seniors age 55 years or older with incomes at 50% of area median income.
This site is part of the State of New Jersey Brownfield's clean up program. An adjacent site was also cleaned under the program and has been approved for the construction of ten market rate townhouses.
Project amenities include central air conditioning, community room with kitchen, a computer room and doctor's office.
Financing
provided by:
- Conventional Loan
- NJ DCA Balanced Housing Fund
- Camden County HOME Funds
- 9% Federal Low-Income Housing Tax Credits
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