Senator Jennifer Beck, Assemblywoman Mary Pat Angelini and Assemblywoman Caroline Casagrande today commented on Ocean Townships acquisition of the WhalepondVillageproperty. The purchase will allow the township to pass the property to a new owner who will ensure the facility remains affordable housing available to senior citizens. The former owner had considered selling the property to a developer who would have allowed the affordable housing component to expire. The acquisition was made possible with the aid of the 11th District legislators and the Department of Community Affairs.
“I am pleased that the New Jersey Department of Community Affairs is an active partner in the effort to keepWhalepondVillagean affordable housing option for seniors in the community,” said DCA Commissioner Richard E. Constable, III. “Much needed affordable housing is in the process of being preserved, which will contribute to an improved quality of life for current and future tenants.”
“This is a good day forOceanTownship, its residents and the nearly 200 residents of Whalepond village,” said Beck. “The acquisition of this property ensures that our seniors living on fixed incomes will continue to have a safe, hospitable place to live.OceanTownshipworked closely with my office, the Treasurer’s office and the Department of Community Affairs (DCA) to purchase the property protecting many of Whalepond’s resident’s from being left out in the cold. Had we not acted, 96 units designated as Senior affordable rental units would have been lost. This new agreement ensures the complex remains senior affordable housing for at least another 30 years”
OceanTownshippurchased theWhalepondVillagecomplex on February 21st from K. Hovnanian Homes. The Township then signed a one-year lease of the facility with Community Investment Strategies (CIS) which allows CIS to eventually purchase the property. OceanTownshipofficials made it clear that they were not looking to become landlords but wanted to protect the low income housing opportunities available to its senior citizens.
“PreservingWhalepondVillageas an affordable senior affordable senior facility is great news for the residents of this community and all ofOceanTownship,” said Angelini. “This agreement protects the taxpayers ofOceanTownshipand will help ensure that residents of WhalepondVillagewill not be forced from their homes.”
“This project is truly a win for all involved” says Assemblywoman Casagrande. “It is so important to provide affordable housing for our seniors, while preserving the vitality of the community. WhalepondVillagedoes just that and I am happy to be part of this ribbon cutting ceremony.”