Trent Center East Tax Credit Rehab

Trenton, NJ

Project Name:   Trent Center East

Location:   Trenton, NJ

In December 2014, CCI purchased a campus located in Trenton, New Jersey, comprised of two high rise apartments Trent East (228 units) and Trent West (246 units).  After prepaying an original 202 loan and obtaining a new SPRAC award, CCI used LIHTC equity, an AHP Grant, State ERG tax credits and private financing, to move forward with 4% bond transaction including $7 million of hard cost construction renovation.  This project provided numerous amenities to its elderly population in the form of a full-time service coordinator to help residents age in place as well as 22 assisted living units.

Units

228

Use

Residential Housing, Elderly

Category

4% LIHTC rehab, Section 8

Construction Type

Brick facade over steel frame, concrete

Year of Completion

2016

Status

Leasing/Accepting Resident Applications