Construction of a $28 million affordable housing apartment project with 81 units in nine buildings is expected to start in March on Haddonfield-Berlin Road in Voorhees.
The 1223 Haddonfield-Berlin Road rental project is expected to take between 12 and 14 months to complete, Nicholas Cangelosi, senior vice president at Camden-based developer The Michaels Organization, told 70and73.com in an interview. The site is between Northgate and Southgate drives and across Haddonfield-Berlin Road from the TRI Borough Sand and Stone quarry.
Victory Commons was approved unanimously by the Planning Board in 2019, but the availability of financing delayed the start of the project, Cangelosi said. Financing is through the New Jersey Housing and Mortgage Finance Agency and the Home Investment Partnerships program in Camden County. The project will not pay property taxes, but will compensate the Township through a payment-in-lieu-of-taxes (PILOT) plan.