Barclay Street Apartments
Project Name: Barclay Street Apartments
A partnership between local health care providers and developers to provide 56 affordable housing units in Paterson to create healthy, stable living conditions.
Primary Partner Team: New Jersey Community Capital | New Jersey Community Development Corporation | New Jersey Housing and Mortgage Finance Agency | St. Joseph’s University Medical Center | Thriven Design
Barclay Street Apartments is the first affordable housing project completed under a new program that pairs developers with local health care providers, acknowledging that shelter is a primary detriment of health and wellness. It responds to two key community needs: affordable stable housing, and access to on-site medical care. The resulting project delivers 56 affordable housing units to Paterson to create healthy, stable living conditions, and offers high quality housing to the community.
Barclay Street Apartments is the first completed project as part of the new New Jersey Housing and Mortgage Finance Agency initiative, the Hospital Partnership Subsidy Program, which pairs developers with healthcare providers by matching funds for hospital construction projects that provide rental housing. With more than a quarter of Paterson residents living at or below the national poverty threshold, access to affordable shelter and care is a crucial local need.
The project is a result of a special collaboration between two of Paterson’s most established community stakeholders: St. Joseph’s University Medical Center and the New Jersey Community Development Corporation. The Barclay Street Apartments project, completed in Spring 2023, includes the construction of a six-story, 56-unit apartment building on a formerly vacant lot. According to the team: “The first floor of the site would be reserved for resident amenities and the integration of on-site case management, healthcare, and supportive services provided by St. Joseph’s University Medical Center,” with the top five stories dedicated to rental housing of one to three-bedroom configurations. With approximately 40,000 low-income Paterson residents, this housing project stands to provide reliable shelter to a large population, and will serve as a model for future housing development aimed at providing social services and public good.
New Jersey Future is excited to honor the Barclay Street Apartments as a recipient of a Smart Growth Award for 2023. This project acknowledges the central truth that stable housing promotes individual and collective well-being, and determines subsequent health outcomes. This innovative program and unique partnership between funder, developer, designer, and healthcare provider demonstrates a commitment among all team members to building a vibrant future for Paterson, and sets a precedent for future affordable housing and healthcare partnerships statewide.
