ATLANTIC CITY, N.J. — WinnDevelopment has begun a $33 million renovation at Garden Court Apartments in Atlantic City, a 177-unit, 20-building complex that has been housing much of the city’s workforce since it was constructed in 1985. WinnCos. secured Low-Income Housing Tax Credit equity through the New Jersey Housing and Mortgage Financing Agency, which will enable the units to remain affordable to renters earning no more than 80 percent of area median income for the next 45 years. Boston Financial Management purchased the tax credits.
The scope of work includes upgraded kitchens, bathrooms and flooring in all apartments; new windows, siding, balconies and roofs for all buildings; and the installation of new energy-efficient HVAC systems, new electrical panels; and new security features. Interior improvements include a new community room, upgraded laundry facilities and refreshed common spaces with new finishes and lighting. Outdoor upgrades will feature improved walkways, new landscaping, enhanced site lighting and added amenities such as bike racks and upgraded parking areas. Completion is slated for fall 2027.