Fernmoor Homes has inked a $34 million loan to refinance a garden-style apartment community in southern New Jersey.

About 283 units will be set aside for people making below the area’s median income and be priced at below-market rates.

Today’s consumers want more than shopping malls. They seek destinations that blend retail, dining, and entertainment.

Officials hope state tax credits will revive a plan to build 167 apartments at the former Fabricolor factory site near the ...