We are so grateful for the community’s support of our vision to bring affordable housing to the elderly
Delanco, NJ (Vocus) September 16, 2009
After years of planning, Abundant Life Fellowship Community Development Corporation (CDC) held a ceremonial groundbreaking today for Living Springs Campus, a mixed-use community for seniors 55 and older, featuring a regional medical center and affordable apartments on 52 lakefront acres that the non-denominational church owns in Delanco. The ceremony drew township and state officials as well as church leaders, parishioners, friends and neighbors.
“We are so grateful for the community’s support of our vision to bring affordable housing to the elderly,” said Aubrey Fenton, Executive Pastor of Abundant Life Fellowship, who noted that there is a great need for such housing, especially during these difficult economic times. “The church has already been receiving a steady stream of calls from seniors interested in making their home at Living Springs,” Fenton said.
Construction on the $20 million development, financed primarily with Low Income Housing Tax Credits, is expected to start in November. Marlton-based Michaels Development Company, one of the nation’s top affordable housing developers, will serve as the co-managing partner on the project, which when complete will offer 120 residential units, including 20 specifically for individuals with disabilities. In addition, the Living Springs Campus will house 64,000 square feet of commercial space.
According to Fenton, Our Lady of Lourdes Medical Center of Camden has already committed to taking more than 16,000 square feet where they will operate a regional medical center that will serve Living Springs’ residents as well as the larger community.
Delanco Township Mayor Kate Fitzpatrick praised the project and the cooperative effort the Abundant Life Fellowship CDC brought to the planning process. She also congratulated the Church’s founding Pastor, the Rev. Dr. Abraham E. Fenton and his wife, Dr. Eve Fenton for their unwavering commitment to bringing affordable housing to the township.
“I feel both pride and joy for Delanco Township and for the Abundant Life congregation that their vision, so long in the planning is coming true,” said Fitzpatrick, a fourth-generation Delanco resident who said she remembers dancing and swimming at the former site of the Holiday Lakes Recreational Center on Rt. 130.
“What a lovely place for seniors to spend their days,” the Mayor said.
Other dignitaries to attend the ceremony included Delanco Township Deputy Mayor Joan Hinkle, Burlington County Freeholder Director Joseph Donnelly, State Senator Diane Allen, NJ Assemblymen Herbert Conaway and Joseph Donnelly, and Marge Della Vecchia, executive director of the New Jersey Housing Mortgage Finance Agency (NJHMFA).
Ava Goldman, senior vice president of Michaels Development, said she is honored to work on the project and looks forward to working with Pastor Fenton on a project that will make the whole community proud.
“The Abundant Life Fellowship CDC is a competent team dedicated to making a difference in their community and we feel privileged to work with them,” Goldman said.
Once built, the Living Springs residential community will be managed by Interstate Realty Management, Michaels Development’s sister company, which has a national reputation for its award-winning social services, such as health and wellness programs and computer training specifically geared toward seniors.
“With this groundbreaking, we are on our way to making our dreams for this beautiful property come true and one step closer to fulfilling our mission of providing affordable housing for some of neediest among us,” said Pastor Fenton.
About Abundant Life Fellowship: Abundant Life Fellowship is a non-denomination Christian Church in Edgewater, N.J., founded by the Rev. Dr. Abraham E. Fenton and his wife, the Rev. Dr. Eve Fenton. The fellowship has a long history of service to the community, including wide-ranging programs for children, youth, and the elderly. In 1997, Executive Pastor Aubrey Fenton, a civil engineer, supervised the construction of the Fellowship’s House of Worship on Rt. 130. More information is available at http://www.abundantlife.org
About the Michaels Organization: Headquartered in Marlton, NJ, The Michaels Organization is a family of companies dedicated to excellence in affordable, mixed-income, and military housing. Since its founding by housing pioneer Michael J. Levitt in 1973, the Michaels Organization has developed, financed, or acquired more than 40,000 apartments, and currently manages 33,000 units in 26 states, the District of Columbia, and the U.S. Virgin Islands. Its companies include the Michaels Development Company, Interstate Realty Management, and Michaels Military Housing.