The NHP Foundation (NHPF) marked the grand reopening of Blue Mountain Apartments on Cheney Street with a ribbon-cutting ceremony on Nov. 21. The Section 8 multi-building property has been renovated to support low-income families, including larger households that require spacious three-, four-, and five-bedroom units.
The complex includes 217 units across 19 buildings that were built between 1910 and 1930.
“NHPF recognized the urgency of saving these Section 8 homes in this growing neighborhood,” said Mecky Adnani, lead developer for Blue Mountain. “We took action and embarked on an acquisition and long-term preservation initiative to restore the property’s physical and historic integrity and provide newly renovated apartments for existing residents.”
The $112 million refinancing, which included tax-exempt bonds, Low-Income Housing Tax Credits (LIHTC), a Risk Share loan, and federal and state historic tax credits, underscores the complexity and dedication required to preserve affordable housing for future generations.
During the speaking program, Shirley Clark, a resident of Blue Mountain Apartments, shared personal remarks on how the work positively impacted her family.
Last summer, NHPF, of New York City, purchased multiple scattered-site buildings near Blue Mountain Apts. in the Garrison-Trotter neighborhood for $77.5 million. Like Blue Mountain, NHPF plans to upgrade and keep existing tenants in that 227- unit, 17-building portfolio. Those buildings were owned by New Port Antonio Apartments and are all under Section 8 affordability contracts.
