St. Joseph's Carpenters Society
Targeted Neighborhoods, Camden, NJ
$500,000 Interim Construction
Purpose: Construction/rehabilitation of single family homes in targeted neighborhoods.
St. Joseph's Carpenters Society will use CHC’s construction loan to build or rehabilitate single family homes in targeted neighborhoods in Camden, NJ as part of a homeownership strategy designed to help stabilize and improve housing stock and stimulate the local economy. St. Joseph’s uses subsidies on the acquisition side of the transactions to make home prices attractive and affordable. According to the Star Ledger, Saint Joseph’s Carpenter Society was founded "to help families improve their quality of life and to create safe neighborhoods through homeownership in Camden.