Middletown

BEACON PLACE EXT-1038-SM

Beacon Place Condominium Apartments

  • 28 units in three buildings comprising 4 one bedrooms, 8 three bedrooms and 16 two bedroom apartments.
  • Acquisition funded by $1,460,000 loan from Amboy Bank, a short term loan of $100,600 from the DCA and a short term loan of $50,000 from the Community Loan fund (CLF).
  • The short term loans were replaced with an Affordable Housing Subsidy of $152,124 from the Federal Home Loan Bank (FHLB).
Location Middletown
Year
Developed
2000
Available
Residences
28 Units
1, 2, and 3 Bedroom
Apartment Home
Home Type Family Living
Sources of Funding Amboy National
Bank and Federal
Home Loan Bank

Park Road Apartments

PARK ROAD EXT 0962-SM

Park Road Apartments

  • Purchase of 6 townhomes using HUD funding and private financing as a partnership between Mental Health Association and the Alliance.
  • Project developed as a partnership with a private contractor seeking to meet his affordable housing obligation.
  • Funded through HUD Funding for Acquisition, McKinney Grant and Valley National Bank Private Financing.