Date: April 30
Time: Noon
Location: Victory Commons 1223 Haddonfield Berlin Road Voorhees, NJ 08043
Attendees:
Commissioner Director Louis Cappelli Jr.
Commissioner Colleen Bianco Bezich
Assembly Majority Leader Louis Greenwald
Voorhees Mayor Michael Mignonana
Nick Cangelosi, Regional Vice President, The Michaels Organization
Debra Urban, Chief of Multifamily Programs, NJ Housing and Mortgage Finance Agency
Sarai Prince, Victory Commons resident
Details: On Thursday, the Board of Commissioners will celebrate the grand opening of Victory Commons, a $30 million, 81-unit affordable housing complex located in the heart of Voorhees Township. Units will be income-restricted to households earning 60% or less of the Area Median Income, and feature One-, two-, and three-bedroom floorplans, ample parking, a clubhouse, and other amenities.
According to Zillow, the United States’ housing deficit grew to 4.7 million in 2025, furthering the nation’s affordability crisis. This staggering statistic underscores the value of investing in affordable housing throughout Camden County.
“Increasing access to safe, high-quality affordable housing remains a paramount priority for the Board of Commissioners. Developments like Victory Commons are critical to ensuring that more of our residents throughout the county have a place they can call home,” said Commissioner Director Louis Cappelli Jr. “We are proud to partner with the Michaels Organization in the development of Victory Commons, and I look forward to seeing this community grow and thrive.”
Financing for the $30 million development includes $9.2 million in private equity raised through the sale of federal Low-Income Housing Tax Credits allocated by the New Jersey Housing Finance Agency (NJHFA). NJHFA also provided a $5 million permanent mortgage, as well as $10 million in Housing Production Loan funds and $750,000 through the NJHFA Special Needs Housing Trust Fund. The development also benefited from a $1.8 million HOME Investment Partnership Loan provided by Camden County.
Victory Commons is located within walking distance of two elementary schools, a public playground and park, community garden, municipal offices, daycare, and several retail stores and restaurants. The convenient location allows for easy commute by car or rail to Philadelphia, Atlantic City, and New York City.
