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Broadway Townhouses

Camden, New Jersey


Broadway Townhouses

Broadway Townhouses

When the 175-unit Broadway Townhouses renovation began, it was the largest scattered-site rehabilitation project in New Jersey. This nearly $21 million development received a $1.75 million tax credit allocation. Camden Townhouses, a $10 million sister development consisting of 91 scattered-site row homes, was initiated three years later. These developments were both completed with extensive community and governmental support and involvement. Both the State of New Jersey, in the form of substantial soft mortgage financing, and the City of Camden, through a 15-year tax abatement, demonstrated their support for these development initiatives.

These sites posed a number of security and implementation challenges to Roizman because they involved the complete gut rehabilitation of buildings spread over an area of 10 square blocks. All building interiors were were completely replaced, and substantial repairs were made to many exteriors and foundations, including improvements such as landscaping, fencing, and sidewalks. After the buildings were rehabilitated, Roizman demonstrated its management skills by successfully managing these large scattered site developments for nearly a decade. As with many Roizman developments, here the company turned dilapidated buildings into excellent, safe housing while also providing a revenue source for the municipality. Both developments now operate at or about 100% occupancy.


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