During a ribbon cutting ceremony Wednesday afternoon, officials touted the new Saint Lofts, which brings four affordable housing units and 21 market rate condos to what they described as a thriving neighborhood.
Each of the 14-one bedroom and 11-two bedroom units have already been sold. Prices range from $114,000 to $400,000. The project, is a partnership between New Jersey Community Capital, City National Bank, and the New Jersey Housing and Mortgage Agency.
Additionally, the city provided $387,000 in Affordable Housing Trust Fund money.