HomeFront, Homes by TLC, and Lennar proudly announce the grand opening of 26 new units of affordable homes for low-income and working local families, situated within Lennar’s Hopewell Parc residential development. We are immensely grateful to the partners who made this possible: generous individuals, amazing corporate partners like Wells Fargo, and Hopewell Township.
For a family to afford a modest two-bedroom home in Mercer County they must earn an hourly wage of $33.50, far more than the state's average wage of $24.40 or the current minimum wage of $15.13, according to this year’s annual Out of Reach report conducted by the National Low-income Housing Coalition. At minimum wage, an individual would need to work 95 hours a week to afford a two-bedroom apartment at the fair market rent of $1,742. Those living in the 26 apartments will pay no more than 30% of their income on rent.
The project represents a remarkable collaboration between the non-profit and private sectors to address the critical need for affordable housing in the region. Through innovative design, sustainable construction practices, and a shared commitment to community welfare, Homes by TLC, HomeFront and Lennar are delivering tangible solutions to combat homelessness and housing insecurity.
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