Tantum Real Estate recently joined community leaders and elected officials in celebrating the grand opening of a new affordable housing property for veterans and homeless people in Jersey City. The building is located at 526 Ocean Avenue in the Greenville neighborhood and houses a collection of 20 apartments and 1,500 square foot community space on the ground floor.
Community space will be occupied by Collaborative Support Programs of New Jersey, a peer-led nonprofit agency that provides services related to access to food, employment, mental health assistance and peer support groups for populations at risk. Housing affiliate Community Enterprise Corporation will serve as the property manager for the building.
Funding for the project was organized by Tantum and includes funding from the Jersey City Affordable Housing Trust Fund, in addition to capital from the HOME Investment Partnerships Program. The developer has also worked with the Hudson County Continuum of Care to identify qualified veterans and community residents in need of housing.
“Today is the culmination of a multi-year effort for Tantum and a victory for our larger mission to foster a better quality of life in communities across the region,” said Debra Tantleff, Founding Director of Tantum. “The redevelopment of this property through a public-private partnership provides a roadmap for how governments and developers can work together to execute a new class of boutique affordable housing initiatives that meet a need. societal important.
To honor all veterans, Tantum commissioned a new street-level mural from artist Vincent Ballentine along Ocean Avenue. Entitled “Red Tales,” the mural depicts two Tuskegee aviators and World War II planes, a tribute to the heroic black pilots who served the United States during the war.
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