Paterson Affordable Housing Community Begins $26 Million Renovation

The historic Carroll Street Houses will undergo major upgrades while preserving affordability for residents.

Published on Feb. 25, 2026

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A joint partnership involving WinnDevelopment has started a major $26 million overhaul of the Carroll Street affordable housing community in Paterson, New Jersey. The 88-unit complex, originally built over 50 years ago by prominent African-American developer Vera McCants, will undergo renovations to modernize the apartments and common areas without displacing current residents.

Why it matters

The renovation will preserve an important affordable housing property that has served the Paterson community for decades, ensuring the units remain affordable for the next 30 years. The project highlights efforts to revitalize aging affordable housing while preventing displacement of low-income residents.

The details

The 18-month renovation plan includes modernizing all apartments and common areas, replacing roofs, windows, siding, and doors, increasing ADA accessibility, and improving energy efficiency and security. Two resident amenities, a community center and laundry room, will also be revitalized and reopened. The project is being funded through a partnership with the New Jersey Housing and Mortgage Finance Agency, New Jersey Economic Development Authority, and the City of Paterson.

  • The $26 million renovation is planned to occur over 18 months.
  • The community's federal deed restriction is expiring within a few years.

The players

WinnDevelopment

A real estate development and property management company that is leading the renovation project.

ART-JIUS Enterprises

A development partner working with WinnDevelopment on the Carroll Street Houses renovation.

Paterson's Second Baptist Church

A non-profit affiliate of the church is involved in the renovation project.

Vera McCants

One of New Jersey's most prominent African-American female developers who originally built the Carroll Street Houses over 50 years ago.

Paterson City Council President Sr. Lilisa Mimms

Expressed support for the renovation project as a meaningful investment in the Paterson community.

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What they’re saying

“This is a wonderful opportunity to partner with the state and community leaders to revitalize and protect an important affordable housing property that has served Paterson for almost a half century.”

— David Ginsberg, Senior Vice President, WinnDevelopment (jerseydigs.com)

“The Carroll Street housing redevelopment project represents a meaningful investment in the people of Paterson. This project will preserve and modernize affordable housing, improve quality of life for residents, and strengthen the surrounding neighborhood.”

— Lilisa Mimms, Paterson City Council President (jerseydigs.com)

What’s next

The $26 million renovation project is expected to be completed within 18 months.

The takeaway

This renovation project demonstrates how public-private partnerships can work to preserve and modernize aging affordable housing communities, ensuring long-term affordability for low-income residents while revitalizing the surrounding neighborhood.