Housing and Neighborhood Development Services recently celebrated a revitalization milestone in the city of Orange with the completion of Hat City Lofts, the adaptive reuse of the long-vacant Berg Hat Factory complex into a mixed use property.
The property is in the Valley Arts District and is part of HANDS’ efforts to provide affordable housing to low and moderate-income families and space for small businesses. The redevelopment transformed the 1864 and 1907 historic structures into 32 affordable loft condominiums and 10 commercial arts spaces.
“Throughout the United States, we are seeing a resurgence of local communities,” U.S. Rep. Donald Payne Jr., D-10th District said. “The Hat City Lofts project is the cornerstone for Orange’s arts community. This development, which my father worked hard to boost, will help revitalize the neighborhood and make the Valley Arts District a creative hub for entrepreneurship and artistic expression.”
HANDS acquired the building with approximately $500,000 in loans, with the project funded and financed by the State of New Jersey Neighborhood Revitalization Tax Credit Program, U.S. Department of Housing and Urban Development-Economic Development Initiative Special Project Grant, NeighborWorks America, New Jersey Housing and Mortgage Finance Agency, Community Housing Capital and New Jersey Community Capital.
“The story of the Valley, and of renovating the Berg Hat Factory, is one of community,” HANDS Executive Director Luther Flurry said. “The Berg Hat Factory was the most visible eyesore, the most pivotal property. Hat City Lofts, as it is now called, anchors the Valley.”