Pennrose and the Town of Dover announced that they closed on financing for Dover Veterans Housing, a new 70-unit affordable family and veterans housing community in Morris County, NJ.
The proposed project is part of downtown Dover’s master redevelopment plan and will transform a formerly underutilized parking lot into a vibrant housing community. One hundred percent of the units will be affordable to residents with household incomes at or below 60 percent of the area median income (AMI), with a preference of fifty percent of the units for veterans. Five units will also be set aside for formerly homeless residents. Triple C Housing will provide robust on-site supportive services for all residents of the development.
The project will include one-, two- and three-bedroom family units with on-site parking, community space in the building, laundry facilities on each floor, bicycle storage and on-site management space. In addition, every unit in the development will receive Energy Star Certification and the development will be constructed to meet Enterprise Green Communities standards. At least five percent of the units will be accessible to residents with physical disabilities. All units in the project will be completely adaptable.
