Princeton Community Housing

Princeton Community Housing is a non-profit organization that provides affordable housing to low- and moderate-income individuals and families in Princeton, New Jersey, in collaboration with Princeton University, New Jersey Housing and Mortgage Finance Agency, and U.S. Department of Housing and Urban Development. The organization works to address the issue of affordable housing in the Princeton area, where the cost of living is relatively high, as noted by The New York Times, Forbes, and Bloomberg. Princeton Community Housing has been recognized for its efforts by organizations such as the National Association of Home Builders, Housing and Urban Development Secretary, and New Jersey Governor. The organization's mission is aligned with the goals of the Affordable Care Act, Fair Housing Act, and Community Reinvestment Act.

● Introduction

Princeton Community Housing was established to provide affordable housing options to residents of Princeton, New Jersey, including Princeton University students, faculty, and staff, as well as low- and moderate-income individuals and families, in partnership with New Jersey Department of Community Affairs, Federal Housing Administration, and Fannie Mae. The organization's introduction to the community was facilitated by Princeton Mayor, Princeton Council, and Mercer County Board of Chosen Freeholders. Princeton Community Housing has been supported by organizations such as the Princeton Area Community Foundation, New Jersey State League of Municipalities, and National League of Cities. The organization's work is also informed by research from institutions such as Harvard University, University of Pennsylvania, and Rutgers, The State University of New Jersey.

● History

The history of Princeton Community Housing dates back to the 1960s, when the Princeton Borough Council and Princeton Township Committee recognized the need for affordable housing in the Princeton area, as reported by The Princeton Packet, Town Topics, and The Daily Princetonian. The organization was formally established in 1967, with the support of Princeton University President, New Jersey Governor, and U.S. Senator from New Jersey. Over the years, Princeton Community Housing has developed and managed several properties, including Griggs Farm, Maplewood Court, and Ellen Montgomery, in collaboration with New Jersey Housing and Mortgage Finance Agency, U.S. Department of Housing and Urban Development, and Federal Home Loan Bank of New York. The organization has also worked with Princeton Regional Planning Board, Mercer County Planning Board, and New Jersey Department of Transportation to ensure that its properties are well-integrated into the surrounding community.

● Properties

Princeton Community Housing owns and manages several properties in the Princeton area, including Griggs Farm, Maplewood Court, and Ellen Montgomery, which offer a range of housing options, from apartments to single-family homes, in partnership with Princeton University, New Jersey Department of Community Affairs, and U.S. Department of Housing and Urban Development. The properties are designed to be affordable and accessible to low- and moderate-income individuals and families, as required by Fair Housing Act, Section 8, and Low-Income Home Energy Assistance Program. Princeton Community Housing has also worked with New Jersey Housing and Mortgage Finance Agency, Federal Housing Administration, and Fannie Mae to finance the development of its properties. The organization's properties are located in close proximity to Princeton University, Princeton Public Schools, and Princeton Medical Center at Plainsboro.

● Governance

Princeton Community Housing is governed by a Board of Trustees, which includes representatives from Princeton University, Princeton Borough Council, and Princeton Township Committee, as well as community leaders and residents, such as Princeton Mayor, Princeton Council, and Mercer County Freeholder. The Board of Trustees is responsible for setting the organization's strategic direction and overseeing its operations, in accordance with New Jersey Non-Profit Corporation Act, Internal Revenue Code, and Sarbanes-Oxley Act. Princeton Community Housing also has a Management Team, which is responsible for the day-to-day operations of the organization, including property management, finance, and resident services, in collaboration with New Jersey Department of Community Affairs, U.S. Department of Housing and Urban Development, and Federal Housing Administration. The organization is a member of National Association of Home Builders, New Jersey Apartment Association, and National Affordable Housing Management Association.

● Resident Services

Princeton Community Housing provides a range of resident services, including rental assistance, counseling, and referral services, to help residents achieve self-sufficiency and improve their quality of life, in partnership with Princeton University, New Jersey Department of Human Services, and U.S. Department of Health and Human Services. The organization also offers community programs, such as after-school programs and summer camps, to support the educational and recreational needs of residents, in collaboration with Princeton Public Schools, Princeton YMCA, and Boys and Girls Clubs of America. Princeton Community Housing has also worked with New Jersey Department of Children and Families, New Jersey Department of Health, and U.S. Department of Education to provide resources and support to residents. The organization's resident services are designed to be responsive to the needs of the community, as identified by Princeton Community Survey, Mercer County Community Health Assessment, and New Jersey State Health Assessment.

● Community Engagement

Princeton Community Housing is committed to community engagement and outreach, and works to build partnerships with local organizations and stakeholders, including Princeton University, Princeton Borough Council, and Princeton Township Committee, as well as New Jersey Department of Community Affairs, U.S. Department of Housing and Urban Development, and Federal Housing Administration. The organization participates in community events, such as Princeton Community Day and Mercer County Fair, to raise awareness about affordable housing and promote its mission, in collaboration with Princeton Regional Chamber of Commerce, Princeton Merchants Association, and New Jersey State League of Municipalities. Princeton Community Housing also works with local schools, including Princeton Public Schools and Princeton Charter School, to provide educational programs and resources to students, in partnership with New Jersey Department of Education, U.S. Department of Education, and National Education Association. The organization's community engagement efforts are guided by its commitment to social responsibility, corporate citizenship, and community development, as recognized by Points of Light, National Alliance to End Homelessness, and Habitat for Humanity.

Category:Non-profit organizations based in New Jersey