Trenton Housing Authority Selects Property Resources Corporation as Development Partner for Donnelly Homes and North Trenton Battle Monument Choice Neighborhood
Trenton, N.J. - The Trenton Housing Authority (THA), a leader in neighborhood revitalization efforts in Trenton, has named Property Resources Corporation (PRC) the private development partner and co-developer for a major neighborhood transformation for Donnelly Homes and the North Trenton Battle Monument Choice Neighborhood.
The THA and the City of Trenton were awarded a $1.3 million Choice Neighborhoods Planning Grant by the U.S. Department of Housing and Urban Development in 2019. Since then, THA continues to work with residents and a host of community stakeholders and partners to develop a transformation plan that will bring more than 500 newly constructed mixed-income homes to the Battle Monument Neighborhood in North Trenton. This includes new affordable living communities for residents of Donnelly Homes. More information about the North Trenton – Battle Monument Choice Neighborhood planning initiative is available on the THA website: THA-NJ.org/Choice-Neighborhoods-Planning-Initiative.
“Selecting a qualified development partner to assist with Housing Implementation Strategy is key to moving this process forward. We are engaging all of our partners to ensure that this vision for the neighborhood is realized. This is a mammoth effort that requires the buy-in and collaboration of various organizations in the Capital City, including the State, the City, the Board of Education, Capital Health, and many, many others.” said Jelani Garrett, the THA’s Executive Director.
“It is exciting to see seeds of the evolution of the Battle Monument Neighborhood with walkable blocks, functional commercial corridors, and easy access to jobs, parks, schools and churches,” said City of Trenton Mayor Reed Gusciora. “This is the model for successful new neighborhoods in the U.S. and we’re proud to show the country how we invest in our communities, while ensuring that affordable housing remains a top priority.”
PRC is a full-service real estate development, construction, property management, and design firm established in 1971. PRC prides itself on being an industry leader in the affordable housing field and throughout its history has developed, preserved, or maintained nearly 20,000 apartment units.
“At PRC, our mission is centered around ensuring communities have access to safe, high-quality, affordable housing, and we’re proud to extend this commitment to the City of Trenton,” said Matt Linde, Principal and CEO of Property Resources Corporation. “We’re honored to partner with the Trenton Housing Authority to advance this transformational plan and bring this vision to life for residents in the North Trenton / Battle Monument neighborhood.”
In addition to improving Trenton’s housing stock through the development of high-quality affordable and mixed-income housing through partnerships like this one with PRC, the THA’s partnerships also focus on bringing new supportive services to residents as well as job, business, and homeownership opportunities to the 1,700 families the THA serves in its 11 housing developments.
The multi-phased transformation vision includes plans for townhomes and apartment flats for families, amenity-rich housing specifically designed for seniors, and affordable homeownership opportunities.
The crown jewel of the plan is the revitalization of the historic Junior High School #1 property, which has been vacant for years, into quality housing and community amenities that can add to the vibrancy of the new community.