Vineland Developer Receives $46 Million in Federal Funding for 3 N.J. ProjectsLast Edited:
The New Jersey Housing and Mortgage Finance Agency (NJHMFA) and representatives of Eastern Pacific Development – a contractor based in Vineland – have announced that the contractor has received more than $46 million in federal funding for the construction of three projects containing 168 units across New Jersey.
Rivergrove Family Apartments, located in the southeast gateway of Bridgeton, will contain 68 duplex-style, three-bedroom townhome units for families.
Construction for the project is set to begin in early 2018.
Winslow Cross Creek Phase IV, located in Winslow Township of Camden County, is the fourth phase of six-phase project containing 360 units. With the fourth phase slated to begin in the summer of 2018, the project will provide over 70 units for seniors.
Eastern Pacific Development is currently working on the Landis Senior Apartments in Vineland.
Plainfield Genesis Apartments, located in Plainfield of Union County, is a special needs project serving aging, out-of-foster-care youth. It will offer 30 fully furnished efficiency apartments with rental assistance provided by the Plainfield Housing Authority.
Eastern Pacific Development has previously done renovations for the Landis Theater, in Vineland, and is currently working on the Landis Senior Apartments, also in Vineland.
Since 1999, it has been the owner, developer, co-developer and contractor for more than 1,270 units worth $225 million.
The projects are estimated to generate $65 million in one-time economic output, 170 full-time jobs and around $700 million in state and local taxes during construction.
Upon completion, the projects will continue to add $7.3 million in ongoing economic output, 25 full-time jobs and $341,000 in state and local taxes annually.
SNJ Today is a Southern New Jersey news and information source that is dedicated to providing current stories related specifically to South Jersey.
Do you have community news or events? Email firstname.lastname@example.org, text SNJNews to 313131, or call 856.825.NEWS (6397).