Newton, New Jersey
Area:245,000 sq. ft.
Brookside Terrace is the result of an Urban Renewal Program sponsored by the Town of Newton Housing Authority. The intention was to create an up-market middle and low income housing project aimed at replacing units eliminated by the renewal efforts. Full spectrum population needs were accommodated and the result is a complex that includes studio, 1, 2, and 3 bedroom units with additional specialized units for senior citizens. Funding for the project was provided through bond financing by the New Jersey Housing Finance Agency (NJHFA) with rent subsidy and mortgage guarantees provided by the U.S. Department of Housing and Urban Development (HUD) vis-à-vis their then 236 program.