Plainfield Tower West, the high-rise at West 7th and Plainfield Avenue, has received a grant of $879,000 from a state affordable housing fund toward a $16M rehabilitation program planned by its owner, Presbyterian Homes of New Jersey, according to a report in the Ledger.
The 12-story building has 154 apartments for low-income seniors and persons with disabilities.
Included in the rehab will be thermal pane windows and the replacement of cabinets, countertops and vanities in all units. Additionally, the roof and the building's air conditioning and heating systems will be replaced.
Apartments must be reserved for low-income residents for at least 30 years, in exchange for which Presbyterian Homes will receive $7.5M in Federal low-income housing tax credits.
Questions about the PILOT for this facility were raised at an April City Council meeting (see my post), though to my knowledge they have not been answered.
-- Dan Damon
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