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Rochester, N.Y., February 14, 2019 – It is with great honor that we announce the promotion of Rob Corredine to Vice President of Finance & Corporate Controller.

CorredineRMr. Corredine began working for Conifer in 2013 and in his six years here, he has held various positions in the Accounting Department. Most recently holding the role of Corporate Controller where he made significant improvements to Conifer’s corporate budgeting, financial reporting and treasury functions. In addition, he has taken on the responsibility of supervising of Conifer’s Information Technology Team.

Mr. Corredine has been instrumental in building a best-in-class accounting department within Conifer helping to support its owners, investors, lenders and all other external customers. In his new role, he is responsible for the financial reporting of Conifer Realty and all its underlying companies. He is responsible for all corporate finance, tax and information technology functions.

Before joining Conifer, Mr. Corredine worked at Centerline Capital Group where he worked in fund management, responsible for the reporting of 135 funds which invested in over 1,200 Low-Income Tax Credit properties throughout the United States.

“Rob joined Conifer in 2013 and has played an integral part in building our corporate financial organization, including corporate and development accounting. Most importantly, Rob is respected by everyone who works with him – both inside and outside of Conifer,” said Thomas Johnson, Executive Vice President & CFO. Please join us in congratulating Rob on his promotion!


About Conifer Realty
Conifer is a nationally ranked, full-service real estate company specializing in the development, construction, management and ownership of high-quality, affordable housing communities. Since its inception in 1975, Conifer has grown considerably – currently owning and managing nearly 15,000 multifamily units representing 223 apartment communities in New York, New Jersey, Pennsylvania, and Maryland. In addition, the Company consistently maintains a pipeline of over 30 unique projects in various stages of the development process. For more information, please visit, like us on Facebook at and follow us on Twitter @ConiferRealty.

By Jean-Paul Salamanca
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Updated February 14, 2019 5:00 AM

A mixed-use affordable housing complex in downtown Riverhead has been awarded a grant from National Grid that will offset some of the costs for the $18.5 million development.

Peconic Crossing, a 45-unit complex, was recently awarded a $25,000 grant through National Grid’s Cinderella Program.

Gwen O’Shea, president and chief executive of the Community Development Corp. of Long Island, a co-partner with Conifer Realty, LLC in developing the complex, said the grant would go toward offsetting costs related to the development’s construction and completion, outreach and advertising for the project.

The complex, which held its grand opening in November, was opened to house artists and those displaced by storms such as superstorm Sandy. The Riverhead Town Board granted final approval to the complex in March 2016.

“Significant funding” for the project had previously come from sources including the Suffolk County Workforce Infrastructure Program, the Empire State Development Fund, and the New York State Low-Income Housing Tax Credit Program, O’Shea said.

“At some point, there might be a great opportunity to expand what we’re bringing through that project," she said. "As far as feeling positive and confident about the resources that have been brought in to make sure the project thrives as it currently stands, we feel really good about that,” O’Shea said.

By Jean-Paul Salamanca
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Jean-Paul Salamanca covers the East End. He focuses on Riverhead, Southold and Greenport on the North Fork, as well as Hampton Bays, Westhampton Beach, Flanders, Riverside and Quogue on the South Fork.

CDC National Grid

From left: Gwen O'Shea, President and CEO, CDCLI; Justina Fargiano, Development Manager, CDCLI; Alan Heitner, Chief Financial Officer, CDCLI; Jill Rosen-Nikoloff, Chief Operating Officer, CDCLI; Lyle Sclair, Economic Development Representative, National Grid; Dawn Grzan, Vice President of Development, CDCLI; Kathleen Wisnewski, Community Customer Manager, National Grid; and Paul Fink, Special Projects Advisor, CDCLI

Centereach, N.Y. (February 8, 2019) - National Grid awarded a $25,000 grant to Community Development Corporation of Long Island (CDCLI) in support of Peconic Crossing in Riverhead, a 45 mixed-use affordable housing development that provides a preference for artists and displaced storm victims. The development, a joint project of CDCLI and Conifer Realty, complements the Town of Riverhead's ongoing efforts for revitalization of the downtown area, including obtainable housing and promotion of the arts in walkable neighborhoods connected to the Peconic River.

The grant comes from National Grid's Cinderella Program, which is designed to assist communities in promoting smart growth through the redevelopment of underutilized gas utility infrastructure, to help improve their economic viability, attract new investment, and capitalize on their distinct development potential. 'National Grid is proud to support CDCLI in this effort to revitalize downtown Riverhead. The Cinderella grant from National Grid helped create retail gallery space to support artists on the east end. The Peconic Crossing Mixed-Use development project has brought a building damaged by Superstorm Sandy back to life and supporting the local economy,' - states Keith Rooney, Director of Community and Customer Management at National Grid.

The 11 West Main Street complex offers energy-efficient one and two bedroom apartments, as well as gallery space on the main floor for residents to showcase their creations and collaborations. 'Peconic Crossing is now home to 45 individuals and families that are proud to be a part of the fabric of the Riverhead community. The inclusion of the East End Arts Gallery into the property adds tremendous value for residents and the community at large. Mixed-use development on Long Island is complex, expensive, and challenging to complete. Partners like National Grid are critical to bringing a concept like Peconic Crossing from an idea to a reality. We are so grateful for their support,' stated Gwen O'Shea, President & CEO of CDCLI.

Located in the heart of Downtown Riverhead, artist residents are surrounded by inspiration, living alongside the picturesque Peconic River, across from Grangebel Park, and just a short walk from the main East End Arts facility, restaurants, shops, and more. Recognizing the role of art in creating and supporting a vibrant downtown, the development of Peconic Crossing is a significant accomplishment toward expanding Riverhead's artist community and growing as an artistic and cultural hub.

About Community Development Corporation of Long Island

Community Development Corporation of Long Island (CDCLI) invests its resources, talents, and knowledge in the people of Long Island, helping them to achieve their dreams of an affordable home in a vibrant community. Since its inception 50 years ago, CDCLI has assisted over 239,000 Long Islanders and invested $1.59 billion into the communities in which they live. CDCLI is part of the NeighborWorks network, an affiliation of more than 240 nonprofit organizations located in every state, the District of Columbia, and Puerto Rico. The NeighborWorks network was founded and is supported by NeighborWorks America, which creates opportunities for people to live in affordable homes, improve their lives, and strengthen their communities. For more information, please visit our website, like us on Facebook, and follow us on Twitter and Instagram.


National Grid plc published this content on 12 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2019 14:44:12 UTC

Hanson Andrew web Spencer Kerina web

Alongside the promotions of Sam Leone and Kyle Speece, Conifer has added Andrew Hanson and Kerina Spencer to their Development Team. Mr. Hanson comes to Conifer from Osprey Property Company where he worked for 13 years and was responsible for nearly $300,000,000 in Maryland apartment developments. He joins Conifer as Vice President of Development where he is responsible for all phases of the development process including new business identification for Conifer's development efforts in Maryland and Virginia. Ms. Spencer was brought on as Senior Project Coordinator. Prior to joining Conifer, Kerina spent five years with an FHA lender based in Baltimore, MD. Her experience includes underwriting affordable and market rate multifamily projects including the construction, substantial rehabilitation and refinance of 2,300 HUD-insured units.

With these instrumental promotions and hires, Conifer has added to their depth and breadth and now has a full-service Development Team in Maryland that is positioned to help Conifer do what we do, better.

To kick off the 2019-year, Conifer Realty, LLC has announced three additional promotions within their Development Leadership Team.

Kaseman Lisa webLisa Kaseman, who started at Conifer in 2006, will lead Conifer’s Development activities in New York State development projects. While at Conifer, Ms. Kaseman has developed over 2,880 apartment homes within 50 communities in NYS. In addition, she developed the City of Rochester’s only low barrier homeless shelter expanding it from 19 to 82 beds. In February of 2018, Ms. Kaseman began overseeing all Development activities in Upstate New York and in that position, “she created a culture of camaraderie and accountability, exemplifying one of Conifer’s practices of doing what we say we’ll do. She will carry these values over into her expanded role, growing Conifer’s philosophy. Working with her is a privilege and I am excited for what we will accomplish together for Affordable Housing in New York State,” stated Senior Vice President of Development, Sam Leone.


Ivy Web

Brian Ivy has been promoted to Vice President of Finance. Mr. Ivy joined Conifer in 2016 as Property Finance Director. He is a recognized and accomplished attorney in the LIHTC industry and has added expertise and professionalism to his position. Joan Hoover said of Mr. Ivy that in his three years as a part of Team Conifer, he has led “Development Accounting to achieve several important objectives and has been played a critical role in developing our talented team. Brian is a true leader and team player.”




Speece Kyle

Kyle Speece, who has been with Conifer since 2017, has also been promoted to Regional Vice President and will take on responsibility of Maryland and Pennsylvania development activities. During his time with Conifer, Mr. Speece has been responsible for new business identification and all facets of project management for Conifer’s development efforts in Pennsylvania and Maryland. We are grateful for his dedication, expertise and leadership, and look forward to his future successes.




In their roles, Lisa Kaseman, Brian Ivy and Kyle Speece have significantly improved the quality and effectiveness of many Conifer Development processes, pointedly contributing to many of the Company’s successes. It is with great honor that we share this news and with the promotion of three key players on Conifer’s Development Team, we are confident and positioned for the future of our continued growth.

Rochester, NY (January 17, 2019) – It is with great honor that Conifer announces the recent promotions of Barbara Ross and Sam Leone.

Ross BarbarawebMs. Ross has been promoted to Senior Vice President of Human Resources. She began her career with Conifer in 2017, joining the Team with over 20 years of human resources expertise that she gained from previous positions at Monro Muffler Brake, Chobani and Constellation Brands, Inc. Executive Vice President, Joan Hoover, says of Ms. Ross, "she is a true professional and owns a strong record in shaping human resource business strategy, providing Conifer the leadership needed to elevate us to another level."

Leone Samweb

Sam Leone, who has been with Conifer since 2007, has been promoted to Senior Vice President of Development where he will lead Conifer’s Development Team. He has played a critical role in the development of well over 40 Conifer Communities across New Jersey, Pennsylvania and most recently, Maryland. “Sam’s extensive experience in development and construction, along with a unique talent for leading collaborative efforts both within the Company as well as with our partners, are among the impressive qualifications Sam brings to his new role,” said Executive Vice President, Joan Hoover.

Conifer is fortunate to have dedicated team members who are experts in their roles leading the charge. It is because of them that Conifer can do what we do, better. 



December 04, 2018 - Owners Developers & Managers

Peconic Crossing Ribbon Cutting 2

Pictured above (from left) are: Brian Dowling, CIO, Community Development Trust; councilwoman Jodi Giglio; councilwoman Catherine Kent; Steve Ballone, Suffolk County executive; councilman Tim Hubbard; Joan Hoover, executive VP, Conifer Realty, LLC; Kathy Hochul, lieutenant governor of NY; Laura Jens-Smith, town supervisor, Riverhead; Gwen O’Shea, president & CEO, Community Development Corp. of LI; Kevin Law, CEO, Long Island Associaton and co-chair, LI Regional Economic Development Trust; Betsy Mallow, executive deputy commissioner & COO, NYS Homes and Community Renewal; and David Calone, Community Development Corp. of LI board member and Jove Equity Partners.

Riverhead, NY On November 19th, the governor’s office of Storm Recovery joined lieutenant governor Kathy Hochul to open the $18.3 million Peconic Crossing, an affordable housing development with 45 apartments that provides a preference in occupancy to New Yorkers displaced by Superstorm Sandy, Hurricane Irene or Tropical Storm Lee. Located on West Main St., the development also invites the residency of local artists and will help further the area’s economic revitalization. The community was impacted by the 2011 and 2012 storms, with 1,340 rental units throughout Suffolk County damaged or destroyed. The project is a joint venture of The Community Development Corp. of Long Island (CDCLI) and Conifer Realty, LLC.

Hochul said, “Long Island was heavily impacted by storms that hit New York in 2011 and 2012, damaging and destroying housing and infrastructure and displacing residents. Peconic Crossing’s affordable housing adds 45 apartments to the town of Riverhead for residents who were displaced by the storms and serves low and moderate-income New Yorkers. We’re rebuilding a resilient L.I. while partnering with local artists to further revitalize Riverhead’s economy. The project is part of our $20 billion housing plan to build and preserve housing and combat homelessness across the state.”???

NYS Homes and Community Renewal commissioner RuthAnne Visnauskas said, “Peconic Crossing plays a significant role in the continued recovery, resiliency and growth of Riverhead. This complex is not only prioritizing occupancy for New Yorkers who have been affected by recent storms, but also cultivating a greater connection to art and culture in the community. Thank you to our many partners in the public, nonprofit and private sectors who have made this critical investment possible.”

Executive director of housing, buyout and acquisition programs at the governor’s office of Storm Recovery Thehbia Hiwot said, “Peconic Crossing reflects New York State’s commitment to community-driven recovery that applies the lessons from Superstorm Sandy to build back stronger and smarter. These affordable homes are designed to withstand another storm of Sandy’s magnitude while replacing rental housing stock that was damaged or destroyed in the storm.”

In direct response to the need for new and affordable housing, Peconic Crossing contains energy-efficient one- and two-bedroom apartments and was designed with resiliency in mind. As a result, there are no residential units on the first floor and all critical equipment has been placed above the base floor elevation.

Of its 45 units, a total of 40 of these apartments will serve low-income households, with the remaining five to serve moderate-income tenants.

Amenities include a fitness room, a community room, laundry facilities, a management office and 40 on-site parking spaces. The complex is adjacent to Grangebel Park, which was recently upgraded with more than $1 million in federal funding, adding to the vibrancy of the area. Main Street is also the focus of the town’s larger economic revitalization efforts, which aim to build upon and promote Riverhead’s historic character and attractions.

Executive vice president of Conifer Realty LLC, Joan Hoover said, “Conifer Realty and our partners at CDCLI are proud to be members of the Riverhead community. It is our mission and commitment to provide high-quality affordable homes that positively impact people’s lives, every day. Collaborating with East End Arts to provide our resident artists with a gallery to showcase their work demonstrates our commitment to further the local arts’ initiatives that have continued to play an important role in the revitalization of Downtown Riverhead. We thank our supporters at the Town of Riverhead, Suffolk County, and New York State, without whom, Peconic Crossing’s success would not have been possible.”

President and CEO of the Community Development Corporation of Long Island Gwen O’Shea said, “CDCLI is proud to partner with Conifer Realty, the East End Arts Alliance, the Town of Riverhead and Suffolk County on Peconic Crossing. Peconic Crossing is a fantastic example of how public/ private investment can support, sustain and revitalize local communities. Creating home, providing access to the arts and enhancing local businesses is a win for Riverhead and for Long Island. We are grateful to New York State for the tremendous financial commitment they have made to this project and this region.”

Suffolk County executive Steve Bellone said, “Governor Cuomo has been a tremendous supporter of this project and a true partner in making Peconic Crossing a reality. This new development will generate economic activity and provide access to housing for those displaced by Superstorm Sandy, Hurricane Irene or Tropical Storm Lee.”

Riverhead Supervisor Laura Jens-Smith said, “Peconic Crossing is the culmination of multiple levels of government, and private organizations working together to help revitalize Riverhead’s Downtown. With preference given to victims of Superstorm Sandy, and artists these new residents will help to transform our Downtown through their creativity, and talent. Workforce housing like Peconic Crossing is key to our continued efforts to support our Downtown, and I am happy to welcome them to Riverhead.”

The project was supported by a variety of funding including $4.5 million in Community Development Block Grant – Disaster Recovery funding from GOSR. Additionally, it leveraged approximately $10 million in equity from federal low-income housing tax credits, received approximately $2.9 million from Community Development Trust, $67,500 from the New York State Energy Research and Development Authority, $200,000 from CDCLI, $275,000 from Empire State Development and $350,000 from Suffolk County.

On October 29, 2012, Superstorm Sandy stalled over Long Island, causing storm surges that in some instances measured 17 feet. According to estimates from the Federal Emergency Management Agency, the total cost of damages to the island’s housing and critical infrastructure, coupled with the costs of debris removal, totaled $8 billion.

Funding for projects like Peconic Crossing is provided in addition to the more than $1 billion GOSR has already disbursed to homeowners across Long Island to facilitate repairs, elevation, and reconstruction.

By Denise Civiletti - Nov 19, 2018, 6:34 pm

2018 1119 Peconic Crosssing 1

Lt. Gov. Kathy Hochul and County Executive Steve Bellone helped snip a ceremonial red ribbon today to mark the completion of the Peconic Crossing affordable housing development in downtown Riverhead. Pictured, from left: Councilwoman Jodi Giglio, Councilwoman Catherine Kent, Bellone, Councilman Tim Hubbard, Conifer Realty executive vice president Joan Hoover, Hochul, Supervisor Laura Jens-Smith, CDC of Long Island president and CEO Gwen O'Shea and L.I. Association president Kevin Law. Photo: Denise Civiletti

Peconic Crossing, the 45-unit apartment building on West Main Street, is completed and fully occupied.

Rochester-based developer Conifer Realty, which partnered with Community Development Corporation of Long Island, celebrated the project’s completion today with ribbon-cutting ceremonies and the grand opening of a first-floor art gallery being managed by East End Arts.

State and local officials, including Lt. Gov. Kathy Hochul, were on hand for the ceremonies.

Residents have been living at Peconic Crossing since September. The building has 20 two-bedroom apartments and 16 one-bedroom apartments. All are rent-controlled and tenants are required to meet income limits set forth by the N.Y. State Homes and Community Renewal agency which has granted low-income tax credits to investors in the project.
Maximum rents are based on affordability scales tied to median household incomes in Suffolk County, published by the U.S. Census Bureau.

The lieutenant governor called the project “a model for other communities across the state.”

Hochul said as a former town planning board member, she understands “the delicate balance” of trying to meet the needs of existing residents while encouraging economic development.

As someone who doesn’t live in Riverhead, she said, she can see the town “with fresh eyes.”

“You come into town and you see the river, museums, the aquarium, the bread-and-butter mom-and-pop shops,” Hochul said. “It just gives it a sense of place, an authenticity that I feel here in Riverhead that is missing in many other communities,” she said.
“So those of you who call this community home, celebrate — because you have something very unique, not just a location on Long Island, one of the most wonderfully diverse communities in the state,” Hochul told the crowd assembled in the first-floor gallery space. “You have something unique here.”

Downtowns need to keep reinventing themselves to stay fresh and alive, the lieutenant governor said.

“The most important thing to keep a downtown alive, in my opinion, is to bring housing downtown,” Hochul said. “That is the lynchpin. That is the key. That is the secret sauce,” she said.

She commended Riverhead leaders for recognizing the importance of housing downtown and said she was shocked at how many communities have zoning that doesn’t allow it.

street view

Whether high-density multifamily housing on Main Street — five-story housing in particular — is appropriate for Main Street has been the subject of great debate in Riverhead, with Supervisor Laura Jens-Smith and Councilwoman Catherine Kent advocating zoning code changes to end five-story construction and require the purchase of development rights to allow third and fourth stories on Main Street. The board is also working on rewriting the zoning code’s design guidelines for buildings downtown.
Jens-Smith, who followed Hochul to the podium today, said Riverhead has retained its “sense of place.” A building like Peconic Crossing “helps create that sense of place for our future,” she said.

“This building highlights everything that we want to be and where we’re looking to go,” she said. “It’s right next to our community garden... and a three-acre park. The views from here are outstanding. And then we get to celebrate the arts as well,” she said.

“Everything we want our town to be is sort of encapsulated in this project,” Jens-Smith said.

There were more than 900 applicants for the 45 rental apartments. Community Development Corporation of Long Island held a lottery in June to rank the applicants. Preference was given to artists and individuals displaced by SuperStorm Sandy, Hurricane Irene or Tropical Storm Lee. The ranked applicants then had to be screened and qualified.

Twelve of the 45 apartments have been rented to artists, according to the organization. There is a waiting list for vacancies that may become available.
The fifth floor features a common area with a deck overlooking Grangebel Park and the Peconic River, providing expansive views of the river, the park and the downtown area.

“It’s the first waterfront affordable housing project on Long Island, which is pretty cool,” said L.I. Association president Kevin Law, who also chairs the L.I. Regional Economic Development Council.

Residents in two apartments on the fifth floor agreed to allow their homes to be open for a tour today.

Larry Oxman, president of the L.I. Science Center, which sold the site to Conifer, said he was pleased with the result.

“The town was very lucky to have gotten Conifer,” Oxman said. Conifer Realty was the second developer with which the science center struck a deal. The first one opted not to go forward.

Conifer Realty, based in Rochester, specializes in the development, management and ownership of affordable housing communities. It is currently working on a 51-unit development in Southold Town, among others.

The first exhibit in the ground-floor gallery space showcases the paintings and sculptures of Gina Gilmour of Mattituck. The gallery will be run by East End Arts, whose gallery director Jane Kirkwood selected the works included in the gallery’s inaugural show. Gilmour’s work will be on exhibit for three months, with new exhibits mounted every three months thereafter, Kirkwood said today. The gallery will be open to the public.

“We’re excited to be partnering with CDC of Long Island and the Town of Riverhead,” East End Arts executive director Shawn Hirst said. East End Arts has its main gallery at 133 East Main St. and operates several satellite galleries, including one at the Jamesport Manor Inn. It also exhibits art at Riverhead Town Hall.

The Peconic Crossing gallery is spacious and, with large windows on Main Street, enjoys ample natural light.

“It’s a wonderful space to exhibit,” said Gilmour, whose oil paintings include outsize canvases that are difficult to show in East End Arts’ main gallery, housed in a converted 18th century home.

RiverheadLOCAL photos by Denise Civiletti

by Tim Gannon | 11/20/2018 6:00 AM

CDC Gallery 2018

New York’s lieutenant governor and the Suffolk County executive joined local officials Monday for a “ribbon cutting” to celebrate the opening of Peconic Crossing, a 45-unit affordable rental project in downtown Riverhead.

“The most important thing to keep a downtown alive, in my opinion, is to bring housing downtown,” Ms. Hochul said.

The tenants actually moved in at the beginning of August, according to Community Development Corporation of Long Island president Gwen O’Shea. County Executive Steve Bellone and Kevin Law of the Long Island
Association also spoke.

The project, a joint venture of CDCLI and Conifer Realty, also gives preference to artists and people who were displaced by a storm, and it has an art gallery on the ground floor that is managed by East End Arts.

The introductory exhibit will feature work of a longtime, established painter, Gina Gilmour. Her art has been exhibited in numerous exhibitions across the country.

“Since early childhood, art making has been for me a means of processing my experience; a way to celebrate and to mourn, to rail against the intolerable and to navigate the mysterious,” Ms. Gilmour said in a statement.
For more information, visit

Photo caption: Riverhead Supervisor Laura Jens-Smith speaks at a “ribbon cutting” ceremony Monday for Peconic Crossing. (Credit: Tim Gannon)

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Woodfield Front Pic

Damascus, MD (November 12, 2018) – On Tuesday, November 13th, Woodfield Commons will be holding an Application Day to begin accepting applications for residency! This new Conifer Community is in the final stages of construction, with anticipated move-ins beginning next month. The event will be held at the American Legion Post 171 in Damascus, MD, from 9:00 am to 3:00 pm. The address is 10201 Lewis Dr, Damascus, MD 20872.

Woodfield Commons is a brand-new, energy efficient, affordable apartment community, located in Damascus, Maryland. This community will provide its residents with brand new apartments that feature fully equipped kitchens with Energy Star rated appliances and fixtures, spacious floor plans, balconies with most units, a clubhouse with great room, fully equipped fitness room, computer lab, laundry center, and more! The Community is conveniently located near schools, shops and restaurants.

Woodfield Commons will begin officially accepting applications for their 1-, 2- and 3-bedroom affordable apartments on November 13th at 9:00 am. If someone cannot make it, applications can be submitted at the temporary leasing office which is located at 12410 Milestone Center Dr., Suite 607, Germantown, MD 20876.

Applicants must qualify, income restrictions apply, background check required. Please visit our website,, to download an application or visit our temporary leasing office at 12410 Milestone Center Dr., Suite 607, Germantown, MD 20876. Please do not visit the construction site as no leasing assistance is available on site. Please email us at This email address is being protected from spambots. You need JavaScript enabled to view it. with any questions.