HHG Closes $6.7 million in Construction Financing with
Conestoga Bank and NJHMFA

Philadelphia, October 26, 2007 - HHG today closed construction financing totaling $6.7 million that will enable the construction of Trenton Ferry.  Conestoga Bank, headquartered in Chester Springs, PA, will manage the loan, and provide $1.85 million in credit.  Conestoga will administer the NJ HMFA component of the financing, which provides an additional $1.85 million in debt, and $2.7 million in CHOICE Funding.

NJ HMFA Approves Trenton Ferry CHOICE Funding

Trenton, May 7, 2007 - The Board of the NJ Housing and Mortgage Finance Agency (NJHMFA) today approved a $2.7 million CHOICE grant for HHG's planned Trenton Ferry development.

Under the terms of the innovative program, HHG will receive an average subsidy of $75,000 per unit to build market rate housing in Trenton, enabling the Trenton Ferry to move forward.

Trenton Planning Board Approves Three HHG Applications:
Clears the Way for Developing Trenton Ferry

Trenton, October 12, 2006 - The City of Trenton Planning Board granted final approval this evening to three applications by HHG for developing buildings on Centre Street.  Among the actions, the board approved the site plan and necessary variances for the Cracker Factory, and approved the construction of a parking lot for the use of proposed condo development at the corner of Centre and Ferry Streets.

HHG Purchases "Cracker Factory"

Trenton, NJ, April 18, 2006 - HHG Development Associates, LLC today completed the purchase of the "Cracker Factory", a 29,000 SF Victorian factory complex located on the corner of Centre and Furman Streets in the heart of the Lamberton Historic District of Trenton.  The first oyster cracker was baked on the site in 1847.  More background on the history of the Cracker Factory can be found here.

The company intends to convert the Cracker Factory to luxury loft condos, with ground-breaking scheduled for the fall of 2006. 

HHG Designated by Trenton City Council for Key Project

Trenton, NJ, February 2, 2006 - Trenton City Council has designated HHG Development Associates, LLC as developer for a key project in the ongoing redevelopment of Trenton.

On February 2, 2006, Trenton City Council designated HHG as the developer for 4 city properties on Centre Street, as part of the redevelopment of the Lamberton Historic District.  Two other developers, working closely with HHG, were designated at the same time. Working cooperatively, the three companies plan to renovate or build new in-fill construction providing 39 residential units on 3 blocks of Centre Street.