Medford Welcomes Its Newest Affordable Family Community September 15, 2022
Medford, NJ – September 15, 2022 – Earlier this year, Ingerman, award-winning builder and manager of multifamily rental communities, began leasing its newest affordable family rental community, The Willows at Hartford Road. This community will be the third affordable rental community Ingerman has built in Medford, New Jersey.
The $10.5 million project anticipates construction will be fully completed by this fall. The development was financed through 4% tax credits and tax-exempt bond financing provided by the New Jersey Housing and Mortgage Finance Agency (NJHMFA), along with financing from the Master Developer, Timber Ridge Homes.
Nestled in the desirable South Jersey suburbs, The Willows at Hartford Road is a 48-unit affordable rental community in Medford, Burlington County. The community features one, two, and three-bedroom apartments across two three-story, 24-unit buildings with a variety of spacious floorplans, open kitchen layouts with breakfast bars, walk-in closets, washers & dryers, and energy-efficient appliances and finishes. The pet-friendly community has a separate clubhouse with a fitness center, on-site management, maintenance offices, and offers plenty of off-street parking. There will also be outdoor recreation space with a playground being installed this fall.
According to niche.com, Medford Township is considered one of “The Best Places to Live in New Jersey” and this community capitalizes on its location by being able to offer a tranquil woodland setting with modern conveniences just a stone’s throw away at the adjacent shopping centers and plazas. Conveniently located off Route-70, resident’s commute is roughly 20 miles to the city of Philadelphia and 40 miles to the shoreline, with many Jersey Shore destinations less than an hour away. Additionally, residents have easy access to retail essentials like drug stores, banks and coffee shops, as well as many dining, entertainment, academic, medical and recreation facilities.
“We are excited to add The Willows at Hartford Road to our portfolio of properties in Medford, NJ. This community will provide 48 units of high-quality affordable housing in one of the most desirable townships in Burlington County,” said Geoffrey Long, Development Principal.
All apartments are designated affordable at 30%, 50%, or 60% of Area Median Income (AMI) as determined by HUD and Burlington County. The community is currently leasing with the first building nearly full and the second building processing applications. Interested households are welcome to visit willowsathartfordroad.com for more information on the community and how to apply.
Check out the drone footage here!
Ingerman is a leading developer, builder, and manager of award-winning multifamily communities throughout the Mid-Atlantic region. Since its inception, the company has been responsible for the development of more than 100 sites representing 9,000 units with total development costs exceeding $1.5 billion. Ingerman was founded on a guiding principle: to bring together a highly talented and motivated group of real estate professionals to create lasting, quality residential communities that are strategically financed and managed through persistent attention to detail. Today, that mission continues to drive our unwavering focus on delivering high-quality housing and superior services to all of our stakeholders — investors, community partners, and residents.