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Valley Brook Village Phase 2 Starts Construction

| September 13, 2018

Valley Brook Village expansion rendering

Braintree, MA – The New Jersey Health Care System of the United States Department of Veterans Affairs, Affordable Housing and Services Collaborative Inc., in conjunction with Peabody Properties, Community Hope Inc., and Windover Construction, recently announced that construction of Phase 2 of Valley Brook Village has begun. The project will contain 50 additional units of rental affordable apartments with onsite support services for homeless Veterans.

Expansion of the Valley Brook Village, located on the Lyons campus of the New Jersey Health Care System, will add to the existing 62-unit development completed in October 2013. The new three-story building will be oriented around a common village green to complement Phase 1 and will provide permanent supportive housing for homeless veterans.

Community Hope provides onsite case management and employment services to veterans residing at Valley Brook Village.

Valley Brook Village is built on land provided through the federal enhanced use lease program on the VA New Jersey Health Care campus in Bernards Township.

Valley Brook Village is built on land provided through the federal Enhanced Use Lease Program on the VA New Jersey Health Care campus in Bernards Township.

In 2017, the project was awarded $1,122,000 in federal low-income housing tax credits from the NJHMFA.  TD Bank, which purchased the tax credits through NEF Inc., is also providing construction and permanent funding for the development.

The Township has also committed funding for the project from its Affordable Housing Trust Fund.  Additional funding has been awarded from the County of Somerset’s Homeless Trust Fund Program and as well as funding from the VA and a number of private foundations, including the HOME Depot Foundation.

With the first phase of Valley Brook Village serving as a testament to the success of VA’s use of its Enhanced Use Lease Program, making land and resources available to help serve the needs of our homeless Veterans, there is no doubt that Phase II will be just as successful, opening the doors to Veterans who will soon call it home.

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Category: All, Multi Residential