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New Special Needs Community in New Brunswick, NJ

April 24, 2012

The groundbreaking ceremonies recently took place for the Promise House located in New Brunswick.  The Promise House is an affordable-housing community dedicated for people who are at risk or experiencing homelessness and have special needs.  State Housing and Mortgage Finance Agency joined local offices in the groundbreaking ceremonies.  The Housing and Mortgage Finance Agency is an affiliate of the state Department of Community Affairs. The agency provided approximately $1 million in permanent financing and construction financing for the project from the Special Needs Housing Trust Fund.  The Special Needs Housing Trust Fund is administered by the Housing and Mortgage Finance Agency and provides capital financing to create affordable, permanent, supportive housing and community residences for individuals with special needs. The purpose is to develop special-needs housing and residential opportunities as alternatives to institutionalization or homelessness for those who would benefit from these programs and to ensure the long-term viability of such housing.

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