New Hope Village Celebrates Neighbors and its Neighborhoods

Photo Credit:

Generations Gather at a Community Party Enjoying Entertainment, Good Food and Fellowship

New Hope Village located in Newark, New Jersey was featured in the October 2019 issue of the The Positive Community magazine.

The article, “Newer Hope at New Hope Village” appears on page 44 of the magazine and it shares the success of New Hope Village’s Annual Parking Lot Party and showcases the vibrant community residents enjoy there.

New Hope Village is a 169 unit apartment community that has been providing high-quality affordable housing at 195 West Market Street in Newark, New Jersey since the 1970’s.

New Hope Village was recently redeveloped through the U.S. Department of Housing and Urban Development’s Rental Assistance Demonstration (RAD) program using mortgage financing from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and tax credit equity from Enterprise Community Investment. The redevelopment project has improved the quality of life for residents including newly renovated apartments, a newly installed playground, a children’s library, and upgraded laundry facilities.

Joseph Alpert of The Alpert Group and New Hope Development Corporation #1, a community-based non-profit organization, are the co-developers for the New Hope Village redevelopment project. Other development team members include Kitchen and Associates (Architect), McDonald Building Company (General Contractor), Community Realty Management (Property Manager), Brach Eichler (Attorney), Jeffrey Kuschner, Esq. (Attorney), Nixon Peabody (Attorney), and Monarch Housing Associates (Housing Development Consultant).

Monarch Housing Associates, Inc. is a premier, state-wide non-profit housing consulting company based in Cranford, New Jersey. Monarch’s mission is to expand the supply, accessibility and variety of affordable and supportive housing through development, planning, advocacy and partnerships.

Monarch has 30 years of experience working with clients to develop affordable and mixed-income rental housing for seniors, families and persons with special needs. Our clients include private developers, housing authorities, senior housing associations, hospitals, social service agencies, non-profit organizations and municipalities. As a result of Monarch’s work, more than 2,500 units of affordable rental housing have been created and/or preserved in New Jersey.