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Penns Grove Apartments

Penns Grove Apartments, located within the Philadelphia area of Penns Grove, New Jersey, is a 144 unit family property. Originally developed under the 236 program in the 1970s, Silver Street Development Corporation successfully preserved this property for a 40-year term using Tax Exempt financing from New Jersey Housing Mortgage Finance Agency. Acquired in 2002, the property underwent modernization of the units, major systems replacement and a new community center was constructed.

144 Units

Acquired: 2002

Investor: Paramount Companies