Ingerman Awarded Funding to Build Six Affordable Housing Communities in New Jersey

COLLINGSWOOD, N.J. - Dec. 1, 2015 - PRLog -- Ingerman, a leading developer, builder and manager of multi-family apartment communities, announced today that it has received tax credits to advance six affordable housing projects in Middlesex, Union, Burlington, Hunterdon and Essex Counties.

“In the  25+ years I have been developing affordable housing, no other company has come close to receiving this many tax credit awards in a funding cycle. Receipt of this funding is a strong vote of confidence in our company’s long-standing track record of delivering high-quality affordable housing developments that positively contribute to the local community,” said Brad Ingerman, Founder and CEO of Ingerman. “This is an exciting time for our company. From the receipt of this funding to our growing expansion in the market-rate multi-family sector, we continue to strengthen our position as well as our reputation.”

Two of the six developments for which Ingerman received funding are located in Woodbridge Township, Middlesex County; one project will consist of affordable family housing, the other affordable senior housing. Additionally, Ingerman will develop affordable family apartments in Rahway, Union County and in Westhampton Township, Burlington County.

Additionally, Ingerman secured funding for two affordable family rental communities in Flemington, Hunterdon County, and in Newark, Essex County. These projects will bring new housing to growing regions of New Jersey where affordable rentals are in high demand.

About Ingerman

For more than two decades, Ingerman has been developing, building and managing award-winning multi-family communities throughout the Mid-Atlantic region. Founded in 1988, the Company has developed over 95 communities with total development costs in excess of $1.1 billion. The Company’s seasoned team of real estate and construction professionals utilizes state-of-the-art architectural design, cutting-edge, environmentally conscious construction and an array of modern amenities in the development of each community. Through a commitment to responsible development practices, Ingerman works to enhance the sustainability of its communities with several green initiatives. http://www.ingerman.com