Affordable-Housing Project Breaks Ground

By Evelyn Lee
6/22/2009

Regan Development Corp. will break ground in September on Horizon Heights, a new affordable-housing project that will go up on the former Welder Warehouse property that straddles the border of West New York and Union City. The Ardsley, N.Y.-based developer has proposed demolishing the existing structure and putting up a five-story building that will comprise 52 one-, two- and three-bedroom apartment units. Rents - designed to be affordable to families earning less than 60 percent of the median income in Hudson County - will range from $307 to $899 a month.

The state Housing and Mortgage Finance Agency will help finance the project with $1.4 million from the Special Needs Housing Trust Fund and $1.7 million in annual tax credits, while Hudson County will provide up to $4.3 million to keep the rents affordable.

Horizon Heights - which was designed by Hackensack-based Jose Carballo Architecture P.C. and will be constructed by Union-based general contractor Del-Sano Contracting Corp. - is slated for occupancy in early fall 2010.