Chatham is a Low Income Housing Tax Credit and Project Based Voucher (PBV) development. It is part of a multi-phase, scattered site, mixed use/mixed income rental residential and commercial space project funded by a HUD Rental Assistance Demonstration (RAD) project totaling $25.2 million.
The project is comprised of four buildings with 32 townhouse and flat-style residential rental units comprised of 22 three-bedroom and 10 two-bedroom units with off street parking for residents. There are 5 handicapped units – 3 three-bedroom and 2 two-bedroom units, respectively.
All units have central air conditioning, cherry wood cabinets, gas stoves, separate living and dining rooms, washer/dryer hook-up and utilities are included in the rent.
The commercial space has a shared community office space with an art gallery, conference room, a basement. The development also offers a 1783 square feet community, a community kitchen, 2 handicapped half-baths, pantry for resident use and onsite property management and resident services offices.
Fair Haven has housed 57 families under a RAD structure. The development included the demolition and abatement of a former commercial establishment.
Glendower Services included:
- Planning and Development
- Relocation Services
- Construction Oversight
- Property Management
|Type||Initial Number of Units||Unit Type||Total Development Cost||MTW Commitment||Dollars Leveraged|
|New Construction||57||RAD, PBV, Commercial||$30M||$6.3M||$24M|
The Glendower Group Follow
The Glendower Group (Glendower) is a nonprofit 501(c)(3) instrumentality to Elm City Communities specializing in affordable housing real estate development.
Demolition and site work is underway at our Valley Street Development. Montagno Construction is hard at work removing existing structures and rough grading the site.