Walters Group Begins Construction on 88-Unit Income-Restricted Residential Property in New Jersey

JACKSON, N.J. — Walters Group has started construction of The Ponds at Jackson 21, an 11-building income-restricted residential community located at 100 Mallard Court in Jackson. Situated on more than 10 acres, The Ponds at Jackson 21 comprises two-story apartment buildings offering a total of 88 one-, two- and three-bedroom apartment homes, ranging in size from 854 square feet to 1,172 square feet. Community amenities include a children’s tot lot, a barbecue and picnic area, a basketball court and a clubhouse with computer work stations and a fitness center. Slated for completion in October 2018, the property will fit a need for income-restricted housing in the township and give priority to Hurricane Sandy-impacted residents who were displaced by or experienced major severe storm damage from Superstorm Sandy. A portion of the development was funded by the federal Low-Income Housing Tax Credit (LIHTC) program, which has produced more than 2 million affordable housing units nationally and more than 500,000 units in New Jersey. Walters Group is managing every aspect of the project from design and construction to property management.