A partnership in Camden has received two tax credit allocations to help bring high-quality affordable housing to the city.
The Housing Authority of the City of Camden and the Michaels Organization announced that they have secured two highly competitive 9-percent tax credit allocations from the New Jersey Housing and Mortgage Finance Agency.
The allocations will be used for the redevelopment of the final two phases of the Clement T. Branch Village Public Housing Complex in the Centerville Neighborhood of Camden.
Receiving two competitive allocations in the same application round is unusual and prompted a congratulatory phone call from Lieutenant Governor Sheila Oliver.
Camden officials say this is outstanding news for the residents of the city, adding that it's rewarding to know that the city will now be able to offer new quality affordable housing and amenities to Camden families.