The Greater Reading Chamber Alliance awarded HDC MidAtlantic’s River Run Meadows a Building Berks award for outstanding multi-family housing.
The Building Berks Awards honored real estate and development projects completed in the last two years that contributed positively to the local economy and the quality of life in Berks County. Projects were evaluated based on design, aesthetics, and economic impact.
Located in Birdsboro, Pa., River Run Meadows is a 58-unit affordable housing community for families, seniors and individuals living with disability. The community includes six residential buildings consisting of one – and two – bedroom walk-up apartments, as well as two-story two and three-bedroom townhomes.
River Run Meadows Apartments was constructed to meet Enterprise Green Communities® standards which features water and energy saving devices throughout the property to offset utility costs for the property and save residents money. The new development also includes on-site laundry facilities, a community gathering space and a multipurpose athletic court for resident use. The property is adjacent to the Schuykill River Trail, giving residents close access to areas for jogging, walking and biking.
In July 2016, River Run Meadows Apartments was awarded $1,132,144 in Low Income Housing Tax Credits from the Pennsylvania Housing Finance Agency (PHFA). The total cost of development was $14.1 million. Development partners included Architectural Concepts, BB&T, City Real Estate Advisors, Community Lenders, High Swartz, Nikolaus & Hohenadel, PHFA, Schlouch, Incorporated, County of Berks and Robeson Township.
HDC MidAtlantic announced today the acquisition of Exeter Senior Living Apartments.
Located at 222 Schooley Avenue in Exeter, the apartment community features 46, one-bedroom apartments for adults age 62 years and older who have low- or moderate-income.
HDC MidAtlantic acquired the apartment community, which was built in 1991, from Creative Developers, Inc.
The acquisition of Exeter Senior Living Apartments is an expansion of HDC MidAtlantic’s services in Luzerne County, PA. In 2017, HDC MidAtlantic celebrated the grand opening of Heritage Point Apartments, a family community featuring 56 affordable apartments in Wilkes-Barre, PA.
Founded in 1971, HDC MidAtlantic’s mission is to build hope and opportunity by providing a safe and affordable place to call home to 4,800 residents including families, seniors and individuals with disabilities throughout Pennsylvania, Delaware and Maryland. HDC MidAtlantic owns, develops and/or manages more than 3,700 affordable apartments by delivering high-quality, affordable housing through innovative property management, real estate development and resident services.
HDC MidAtlantic is part of the NeighborWorks network, an affiliation of more than 240 nonprofit organizations located in every state, the District of Columbia and Puerto Rico. The NeighborWorks network was founded and is supported by NeighborWorks America, which creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities.