73 Pageviews Read Stories
Causes: Homeless & Housing, Low-Income & Subsidized Rental Housing
Mission: The organization's purpose is to provide for low and moderate income housing in plainsboro township.
Programs: The plainsboro non-profit housing corporation built a 126 unit rental complex which 100% of the complex is provided for low and moderate income residents in plainsboro township. In addition, the corporation monitors affordable housing and consults for the township of plainsboro on issues related to affordable housing in plainsboro, nj. In 2012 the township of plainsboro transferred funds to plainsboro nonprofit housing corporation for the administration of grants. These grants are for the installation of high energy efficient hvac systems and hot water tanks in affordable homes; down payment assistance grants to purchase affordable homes; the use of funds to maintain affordability restrictions if an affordable home is being foreclosed upon; and funding to purchase market homes, refurbish and resell them as affordable homes with restrictions.