Recognition for Housing projects

Two projects of the Diocesan Housing Services Corporation of the Diocese of Camden, Inc. have been recognized for “Outstanding Achievement’ by the Middle Atlantic Regional Council of the National Association of Housing and Redevelopment Officials (NAHRO).
The Village at St. Peter’s (VASP) Senior Housing in Pleasantville was recognized under the “Program Innovation” category for combining the HUD-202 program with 4 percent tax credits to close the funding gap when the market collapsed in 2008 and other state sources evaporated. “The lessons we learned from VASP made it possible for us to finance Benedict’s Place with a similar structure,” said Curtis H. Johnson, Jr., Housing Services executive director.
Benedict’s Place Senior Housing in Cherry Hill was recognized under the “Innovative Solutions” category. “NAHRO acknowledged our ability to work through the Diocese of Camden to find an alternative site in another municipality when this project’s HUD-202 fund award was threatened with recapture because of environmental disagreements between the municipality and state at the initial site caused delay,” explained Johnson.

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