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NJEDA Approves $53.3M in Tax Credit Equity for Affordable Housing Project in Atlantic City
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NJEDA Approves $53.3M in Tax Credit Equity for Affordable Housing Project in Atlantic City
ATLANTIC CITY, N.J. — The New Jersey Economic Development Authority (NJEDA) has approved approximately $53.3 million in tax credit equity for Garden Court Apartments in Atlantic City. A developer doing business as Garden Court AC LLC will renovate the property at 1425 McKinley Ave. to preserve the affordability status of 177 units that are housed within 20 two- and three-story buildings. The NJEDA awarded the tax credit allocation, which represe…
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