Building will be named in memory of Jim and Fannie Floyd
A naming ceremony and ribbon cutting for the new Jim and Fannie Floyd House at Princeton Community Village will take place at 11 a.m. on Saturday, Oct. 28.
The new building will provide 25 new units of affordable housing in Princeton. The building is located on Sassafras Row off of Bunn Drive. Jim Floyd was a Princeton Community Housing founder and longtime trustee, affordable housing advocate, former Princeton Township committeeman, and the first Black mayor of Princeton Township. He died in 2018 at the age of 96. His wife Fannie Floyd was involved in many Princeton area civic, social, charitable, and religious organizations for more than 50 years. She died at the age of 84 in 2008.
The dedication ceremony will feature remarks from current and former trustees of Princeton Community Housing, the Floyd Family, friends of Jim and Fannie Floyd, and local officials.
In addition to the building naming, the occasion will also recognize the collective efforts of the larger community of volunteers, donors, and friends who together contributed more than $2 million to fund the new building and neighborhood enhancements, exceeding the original capital campaign goal.
The new building includes five one-bedroom apartments, 14 two-bedroom apartments, and six three-bedroom apartments. The apartments are a mix of very low-, low- and moderate-income units. Moderate income is between 80 and 50 percent of the median area income. Low income is 50 percent or less of the median income. Very low income is 30 percent or less of the median income. The 2023 median area income is approximately $91,000 for a one-person household in Mercer County.
Amenities include a porch on the new building, passive open spaces, connection to Herrontown Woods trailheads, and new landscaping including 42 new trees, and 450 new native plants and shrubs that help treat and manage stormwater.
The new building is designed to meet or exceed Enterprise Green energy efficiency standards and includes all electric heating/cooling and capacity for future installation of rooftop solar panels.