 |
| Kelly Henderson |
ATLANTIC CITY, N.J. –
(Feb. 23, 2016) – WNC, a national investor in real estate and community
development initiatives, announced today that the conversion of the Clarion Hotel and Convention Center into
The Atrium Apartments at Egg Harbor, an 84-unit affordable housing
community in the Atlantic City suburb of Egg Harbor Township, New Jersey, is
nearly complete.
WNC provided approximately
$14.5 million in low-income housing tax credit (LIHTC) equity to fund the
conversion.
An open house was held for
resident applicants to tour the property and discuss the development with
project leaders. WNC’s Kelly Henderson,
Senior Vice President of Originations, attended the event.
“WNC is thrilled to
announce the completion of The Atrium Apartments at Egg Harbor, an affordable
housing community that will provide a new and safe place for families to live
after being displaced as a result of the devastation of Hurricane Sandy,” said
WNC Executive Vice President and Chief Operating Officer Michael Gaber.
 |
| Michael Gaber |
“The need for affordable
housing is particularly acute in this region, and WNC is pleased to help
deliver this exceptional new community to the working families of the Atlantic
City region.”
Located at 6821 Black
Horse Pike, The Atrium Apartments of Egg Harbor is a LEED Certified Gold
Standard community that includes one six-story building comprised of 16
one-bedroom units, 43 two-bedroom units, and 25 three-bedroom units.
The Atrium Apartments at
Egg Harbor offers onsite management, a computer center, laundry facility,
fitness center, community room, elevator, tenant storage and recreation area
that includes a gazebo, playground and pavilion. In-unit amenities include an
electric range, refrigerator and air conditioning. The property is supported by
the Crime Free Housing Initiative.
The property includes 230
surface parking spaces. The apartments are conveniently located near
entertainment, recreation, prominent thoroughfares, employment opportunities
and shopping.
The project was developed
by Rukenstein & Associates in approximately 18 months. EHT Affordable
Housing LLC is the general partner of the project.
For a complete copy of the company’s news release,
please contact:
Julie Leber
Spotlight Marketing
Communications
949.427.5172 ext. 703
No comments:
Post a Comment