BRUNSWICK FARMS APARTMENTS BREAKS GROUND December 5, 2014

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Brunswick Farms Apartments received financing on June 12th when the Pennsylvania Housing Finance Agency awarded $1,131,452 in annual federal tax credits to the project. Seventy-five applicants from around the state competed for the scarce federal tax credits. Brunswick Farms Apartments was one of only 24 applicants that received the tax credits, which totaled $20.4 million.

Community Basics began construction of 60 apartments for low- and moderate-income families in Manor Township December 5, 2014 . The rental community will be located along South Donnerville Road, just south of Columbia Avenue. The spacious two and three bedroom apartments will be ready for occupancy as early as December of 2015.

Six units will house families experiencing homelessness, and eight others will house people with mobility disabilities. The remaining 46 units will be for families earning between $13,000 and $40,000. Monthly rents will range from $297 to $1,031 including utilities.

The complex, on 11 acres west of the Leisure Lanes bowling and golfing facility, is within a five-mile radius of over 58,000 jobs, is on a bus route and is close to shopping, schools and other services. An on site management office, laundry facility, tot lot and community room will be provided.

Fulton Bank is providing $10.4 million in equity in exchange for the tax credits. The financing plan also includes a $1.45 million loan from Fulton Bank, a $1 million loan from The Redevelopment Authority of the County of Lancaster and a $350,000 loan from nonprofit Lancaster Housing Opportunity Partnership.

Lancaster-based construction firm Caldwell Heckles & Egan will be the contractor. The architect is Architectural Concepts. Land planning is being provided by ELA, headquartered in Lititz.