55+ Communities

55+ Communities

Don’t think of this as senior housing. Think of this as a senior discount.

At CIS, we recognize that life should only get better as we get older. We also recognize that not everyone’s circumstances look the same.

A single mother working to support her kids who are away at college.

A divorced business executive interested in a quiet, kids-free apartment.

A widower looking for less upkeep and more convenience.

An older couple hoping to enjoy their retirement years without fretting over expenses.

That’s why CIS develops more than quality affordable housing – we develop homes that facilitate a particular lifestyle, enabling older adults to enjoy their lives without breaking the bank and offering adults age 55 and older a chance to set their own pace.

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55+ Communities

  • HOPE VI Revitalization
  • 87 Senior Rental Units
  • Funding Sources: 9% LIHTC Equity, HOPE VI, Union County HOME Funds
  • Opened in 2005
  • CIS Owned and Managed
  • New Construction
  • 150 Senior Rental Units
  • Funding Sources: 4% LIHTC Equity, NJHMFA Tax Exempt Bond Financing, NJHMFA – Home Express, NJDCA Deep Subsidy, Municipal Affordable Housing Trust Funds, Developer Equity
  • Opened in 2006
  • CIS Owned and Managed
  • New Construction
  • 100 Senior Rental Units
  • Funding Sources: 4% LIHTC Equity, NJHMFA Tax Exempt Bond Financing, NJHMFA – – Strategic Zone Lending, Inclusionary Subsidy, Developer Equity
  • Opened in 2011
  • CIS Owned and Managed
  • New Construction/Mixed Use
  • 64 Senior Rental Units & Retail Space
  • Funding Sources: 9% LIHTC Equity, NJDCA Balanced Housing, Mercer County HOME, Regional Contribution Agreement (RCA), Developer Equity, Commercial – – Loan/Equity
  • Opened in 2009
  • CIS Owned and Managed
  • New Construction
  • 100 Senior Rental Units
  • Funding Sources: 4% LIHTC Equity, NJHMFA Tax Exempt Bond Financing, NJHMFA – Strategic Zone Lending, Inclusionary Subsidy, Developer Equity
  • Opened in 2008
  • CIS Owned and Managed
  • Redevelopment/New Construction
  • 150 Senior Rental Units
  • Funding Sources: 4% LIHTC Equity, NJHMFA Tax Exempt Bond Financing, NJDCA – – Balanced Housing, NJHMFA Affordable Housing Subsidy, Developer Equity
  • Opened in 2006
  • CIS Owned and Managed
  • New Construction
  • 100 Senior Rental Units
  • Funding Sources: 4% LIHTC Equity, NJHMFA Tax Exempt Bond Financing, NJHMFA – Strategic Zone Lending, Inclusionary Subsidy, NJHMFA Tax Credit Exchange Funding, Developer Equity
  • Opened in 2011
  • CIS Owned and Managed
  • The Clare Estate
  • Historic Preservation/New Construction
  • 101 Enhanced and Assisted Living Units, 36 Affordable Senior Rental Units
  • Funding Sources: 9% LIHTC Equity, Historic Tax Credits, CRDA Loan, NJHMFA Tax – – Exempt Bond Financing, DCA Balanced Housing, Developer Equity
  • Opened in 2001
  • CIS Owned and Managed