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Press Release, distributed by Public

"Award Is Largest Single Allotment of Low Income Housing Tax Credits since Program Began in New Jersey in 1986

Trenton, NJ - The New Jersey Housing and Mortgage Finance Agency (HMFA) awarded Low Income Housing Tax Credits (LIHTC) to 29 projects across the state to fund affordable housing for working families, senior citizens, and residents with special needs.

The projects, which span 14 counties and provide for 2,178 housing units, were awarded $39.8 million in competitive 9% LIHTC awards in the largest single announcement of tax credits since the program began in the state in 1986.

The tax credits, which were announced by Governor Christie on August 25 during a public event in Woodbridge, Middlesex County, will generate approximately $378 million in private equity to build the housing units, which have a total development cost of nearly $549 million.

Of the total planned units, 1,245 of them will be affordable for families earning below 60 percent of the Area Median Income (including 88 units set aside for the homeless), 423 of the units will be affordable for seniors at least 55 years old (including 30 units set aside for the homeless), and another 314 will be affordable for individuals and families with special needs. The affordable units must be reserved for low-income households for a period of 30 to 45 years. The remaining 196 housing units will be market rate.

'This most recent round of tax credit awards demonstrates that New Jersey is taking full advantage of the Low Income Housing Tax Credits program, which has been a successful tool in the state for creating affordable housing,' said New Jersey Department of Community Affairs Commissioner Charles A. Richman, who also serves as Chairman of the HMFA. 'Through these credits, the State is able to leverage funding and expand housing opportunities that will positively impact the lives of working families, seniors and special needs residents, all of whom are of limited financial means.'

The HMFA estimates that these tax credit awards will result in more than $870 million in one-time economic output, defined as the total value of industry production, such as sales and business revenues. During construction, the projects will produce more than 5,200 full-time jobs and approximately $31.8 million in state and local taxes. Once completed, the projects will support approximately $97 million in economic output, 549 full-time jobs, and approximately $5.5 million in state and local taxes annually.

'We are proud of our efforts through the Low Income Housing Tax Credits program to create affordable housing in areas that offer higher opportunities for our residents,' said HMFA Executive Director Anthony L. Marchetta. 'HMFA's work to broaden the impact of these affordable housing tax credits across the state has opened doors to thousands of residents, not only improving their lives, but the greater community as well.'

Federal LIHTCs are awarded to developers to build new rental apartments or rehabilitate existing rental units for low-income households. Typically, the tax credits are sold to investors, who then provide private equity to fund construction. In return, the investors receive a dollar for dollar reduction on their federal tax returns for a period of ten years.

One of the most effective features of the LIHTC program is each state's ability to craft its own allocation plan and define the criteria for awarding tax credits. New Jersey has one of the country's most innovative LIHTC programs. Since 2013, HMFA has incentivized construction of low- and moderate-income housing in areas of low poverty and with proximity to job centers, public mass transit and high performing school districts.

Reports by the U.S. Department of Housing and Urban Development and the Joint Center for Housing Studies at Harvard University have recognized New Jersey's efforts to utilize its LIHTC allocation plan as a tool to decrease economic segregation through housing location. Also, HMFA's program was hailed in a 2017 report by NJ Future, which said the changes could 'serve as a model for other states interested in similarly directing their allocation of affordable-housing tax credits.'

Please see the following charts for additional information on the projects awarded tax credits in the latest round.

For more information on HMFA programs, visit"


FAMILY 14 1,007 $19,837,444 $188,468,865 $255,072,339
SENIOR 6 423 $7,594,364 $72,139,243 $89,098,368
SUPPORTIVE HOUSING 5 314 $6,382,466 $60,629,282 $84,616,536
MIXED INCOME 4 434 $5,991,310 $56,911,753 $120,434,052
TOTALS 29 2,178 $39,805,584 $378,149,143 $549,211,295



Branch Village Townhomes - CNI Phase I Michaels Development Camden Camden 72
Bridgeton Villas Phase II Winn Companies Cumberland Bridgeton 56
Camp Kilmer Phase A Pennrose Properties Middlesex Edison 86
Centerton Road Family Housing Volunteers of America DV Burlington Mount Laurel 103
The Place at Plainsboro Community Investment Strategies Middlesex Plainsboro 71
Willows at Whitehouse Station Ingerman Hunterdon Readington Twp. 72
Dover Veterans Pennrose Properties Morris Dover 68
Hilltop Residences (White Rock) RPM Development Essex North Caldwell 50
Willows at Annandale Village Ingerman Hunterdon Clinton 66
Jacob's Landing Phase TRF Development/ BCM Affordable Housing Middlesex Woodbridge 60
Clifton Main Mews II Regan Development Passaic Clifton 92
Brittin Village Volunteers of America DV Camden Pennsauken 66
Rivergrove Apartments Eastern Pacific & Gateway Action Partnership Cumberland Bridgeton 68
Page Homes Conifer Realty, LLC Mercer Trenton 77



Somerset Square RPM Development Somerset Franklin 151
Valley Road Alpert Group Essex West Orange 100
Jackson Green RPM Development Hudson Jersey City 99
City Hall Apartments Urban Builders/Lettire/ Adenah Bayoh Essex Newark 84



Birchwood at Cranbury Ingerman Development Middlesex Cranbury 66
1721 Springdale Road Pennrose Properties, LLC Camden Cherry Hill 80
Fair Lawn Senior Housing Penwal/Madeline/ Bergen County United Way Bergen Fair Lawn 85
Cinnaminson Senior Housing MEND/Conifer Realty Burlington Cinnaminson 54
Stonegate at St. Stephens Phase II Diocesan Housing Services Corporation of the Diocese of Camden Camden Pennsauken 68
Winslow Cross Creek Phase IV Eastern Pacific Development Camden Winslow Twp. 70



Freedom Village at West Windsor Project Freedom Inc. Mercer West Windsor 72
Freedom Village by the Lake at Gibbsboro Project Freedom Inc. Camden Gibbsboro 72
Valley Brook Village Phase II Affordable Housing and Services Collaborative, Peabody Properties and Windover Veterans Somerset Basking Ridge 50
E-Port Family Homes E-Town Housing & Community Development Corp. and Genesis Companies Union Elizabeth 60
Somerset Brownstones Better Tomorrows/ Michaels Development Essex Newark 60

Shore News Today
Charlie Pritchard, Staff Writer

"EGG HARBOR CITY — Patty Guy moved from The Oaks of Weymouth into Rittenberg Manor in Egg Harbor City in August 2015, less than a year after her husband died.

Angelo Giarletta relocated from his home in Kearney, Hudson County, to the 62-and-older community seven months later to live closer to his sister, who lives in Voorhees, Camden County.

Patty Guy and Angelo Giarletta prepare to cut the cake following the wedding ceremony at Rittenberg Manor.

Not long after they met, Giarletta, 73, offered to buy Guy, 66, coffee. That led to a romance that culminated in a marriage ceremony Saturday in the community room of the building in which they live.

The wedding, held in front of family members, friends and fellow Manor residents, was officiated by nondenominational minister Nancy Messenger, of Egg Harbor City.

Among the family members in attendance were Guy’s mother, with whom she resides, 96-year-old Bette Lange; son Chris, of Galloway Township; granddaughter Bella, 13; and great niece Aiko Gunnerson, of Atlantic City. Giarletta, who had not been previously married, was joined by his sister AnnaMarie Lengo, her husband, Bob, and children Matty and Caroline.

Fellow Manor residents Steve Layton and Barbara Billing served as best man and maid of honor.

One of the guests, Carol Rodgers, provides services for Rittenberg Manor residents, including hairdressing. Referring to Guy, she smiled and said, “She stole my guy!”

“He has a very big heart and is very gentle,” Rodgers said.

“They’re great people,” said Chrissey Bates, the building’s community manager. “It’s amazing that they came here and met. I wish them nothing but the best.”

Guy has no second thoughts.

“He is a wonderful guy,” she said. “I am very happy. He is, too!”

Newsday /
Jesse Coburn, Staff Writer

"A number of multifamily housing developments are in the works in downtown Copiague, representing what some see as the fruition of a long campaign by the Town of Babylon to create a dense, walkable neighborhood at the center of the South Shore hamlet.

Copiague Commons, a $33.5 million, 90-unit mixed income housing complex on Railroad Avenue, is complete, with tenants moving in this month, said Gwen O’Shea, the president and chief executive of Community Development Corp. of Long Island, one of the project’s developers.

The Copiague Commons at 54 Railroad Ave., in Copiague, Friday, Aug. 25, 2017. Photo Credit: Steve Pfost

Read more ...

On Thursday, August 24th from 2:00pm – 6:00pm, Conifer Village at Cayuga Meadows will be hosting an Open House to showcase the brand new, affordable senior apartment community in Ithaca, NY.

Cayuga Meadows features 56 mixed-income apartment homes constructed for active individuals 55 or older. Cayuga Meadows is a smart growth, accessible apartment community offering spacious one and two bedroom apartment homes. Nine apartments were set aside for those with disabilities, and three were set aside for hearing and visually impaired.

2 LR

One bedroom apartments range from 654-689 square feet for $779 per month; two bedroom apartments are 905 square feet for $929 per month.

Qualified Hurricane Irene or Tropical Storm Lee impacted residents will be given priority for the first 90 days of rent up.

WHEN:       Thursday, August 24, 2017
                   2:00 – 6:00pm

WHERE:     Conifer Village at Cayuga Meadows
                   108 Aster Lane
                    Ithaca, NY 14850
                    Free parking will be available

Newsday / 
Maura McDermott, Staff Writer

"Long Island developers are making multimillion-dollar investments to protect new projects — waterfront and inland alike — from rising sea levels and the risk of major storms.

In Glen Cove, RXR Realty said it is raising the ground level of its 56-acre waterfront development, Garvies Point, by 6 to 10 feet. The effort required enough soil, sand and gravel to fill 40 Olympic-sized swimming pools. It also is constructing $15 million steel and reinforced concrete bulkheads along the waterfront, and spending roughly $10 million on stormwater management and $5 million on generators to provide full power to all 569 condominiums if electricity gets knocked out.

These and other steps to make the property storm-resilient will add roughly $40 million to the $1 billion cost of the project, which in addition to the condos includes 541 rental apartments as well as a restaurant, shops, offices and parks, the Uniondale-based developer said.

In East Rockaway, the Beechwood Organization is elevating 84 new condos over parking spaces at its waterfront property, adding a new bulkhead, docks and oversized drainage systems, and placing all mechanical equipment on roofs. The 2.7-acre site was previously occupied by a marina that was devastated by superstorm Sandy in 2012. Jericho-based Beechwood said it spent roughly $5 million going beyond state building codes and local requirements to protect the property from storms.

Virginia-based AvalonBay Communities is raising the land near Manhasset Bay in Great Neck where it is constructing a 191-unit apartment building, elevating the structure over parking and installing utilities 16 feet high, at the top level of its garage, said Chris Capece, senior development director.

Tritec Real Estate Co. is elevating the 112 apartments in its Shipyard project in Port Jefferson over a parking garage and installing drainage pumps in the garage, even though the waterfront complex is located outside the designated flood plain, said Robert Kent, vice president and general counsel at the East Setauket-based company.

“In a post-superstorm Sandy Long Island, there is a heightened awareness of where the high-risk flood zones are,” said Kyle Strober, executive director of the Association for a Better Long Island, a builders’ trade group. “The 100-year flood storms are happening every 10 years now, and that means only the very forgetful or the high-stakes gamblers are building on the ground level today.”

Exceeding requirements

Under state building codes and local laws, developers are required to protect buildings in high-risk flood zones by constructing strong foundations, elevating buildings and electrical systems and using storm-resistant materials, among other measures. But developers say they are going beyond those requirements.

The builders’ investments come as climate scientists report that sea levels have risen over the last century and are expected to continue rising. A study released last month by the Union of Concerned Scientists examined the U.S. coastline and found that by 2100 nearly 500 communities — including many along Long Island’s South Shore — could face “chronic flooding” so severe that residents could be displaced if communities do not take steps to protect themselves.

Global sea levels have risen by 7 to 8 inches since 1900, a team of scientists wrote in a 673-page draft government report dated June 28, The New York Times reported Monday. Sea levels are “very likely” to rise another 3 to 6 inches by 2030, due mainly to increasing temperatures and melting ice, and the effects could include more floods and major storms, the draft report found.

Some scientists and elected officials debate the extent, severity and causes of the changes.

But on Long Island, major developers and small-scale builders say they are responding to a growing incidence of routine floods, as well as major storms like Sandy.

In RXR’s Glen Cove complex, all residences will be located 18 to 22 feet above the level reached by a so-called 100-year storm — that is, a storm with a 1 percent chance of happening in a given year, the developer said. Even at RXR’s Ritz-Carlton development in North Hills — more than 2 miles from Manhasset Bay — the developer is girding for storms. Two tractor-trailer-sized generators can provide full power to the first 110 condominiums, and another three will be added as the complex grows to 230 units. The generators are expected to cost $3.5 million, said Joe Graziose, senior vice president at RXR.

Protecting investments

RXR chief executive Scott Rechler was determined to make the Ritz-Carlton “Sandy-proof,” despite the added cost, since many buyers lived on the North Shore and lost power when Sandy hit, Graziose said.

Developers say their primary concern is protecting their own investments and those of prospective buyers.

“The last person you’re going to talk about being a tree-hugger is me,” Graziose said. “This is all about infrastructure. At the end of the day, you want to build something that’s going to last a long time.”

In East Rockaway, Beechwood said all residences will be almost 13 feet above the high-water mark from Sandy.

“The key is just to build higher,” said Steven Dubb, a principal with the company and son of its founder, Michael Dubb. “We want to make sure we can survive superstorm Sandy, or worse.”

In downtown Riverhead, the Community Development Corp. of Long Island and Conifer Realty are building 45 apartments that will be on the second floor or higher to protect them from floods, said Gwen O’Shea, chief executive of the Centereach development corporation. The electrical systems will be at least 2 feet above the height of a 100-year storm.

The same developers also are building 90 apartments in Copiague. At both complexes, builders are using materials designed to protect against floods and major storms, such as hurricane-resistant windows. Both complexes will rent to residents with low to moderate incomes.

“We have such a limited number of affordable housing options on Long Island that as we rehabilitate or develop new properties, doing so in a way that is resilient allows the investment to be that much more sustainable and long-term,” O’Shea said.

The Governor’s Office of Storm Recovery contributed $4.55 million to the cost of the Riverhead project and $8.75 million for the apartments in Copiague. Those awards were part of a $79.2 million program to replace affordable housing throughout the state in areas hit by Sandy and other storms, an agency spokeswoman said.

Protecting new residences from storms “makes good economic and business sense and thoughtful social policy,” Lisa Bova-Hiatt, executive director of the recovery office, said in a statement.

In Long Beach, new single-family homes also include protection from floods.

Read more ...

Newsday Long Island (
Jesse Coburn, Staff Writer (This email address is being protected from spambots. You need JavaScript enabled to view it.)

"An architecture firm hired by the Town of Babylon recently completed guidelines for the design of building facades in downtown Copiague, officials said.

The guidelines, which address materials, signs, windows and a host of other design considerations, are the latest step in Babylon’s yearslong campaign to spruce up the South Shore hamlet.

With its railroad station and small commercial core, Copiague could host a bustling, walkable downtown akin to those of nearby Babylon and Farmingdale villages, according to officials including Amy Pfeiffer, the director of the town’s Office of Downtown Revitalization.

But the “visual clutter” of building facades in Copiague — where jumbled signs cover monotonous surfaces — do little to achieve that goal, according to the report prepared by In. Site: Architecture, a Perry, New York-based firm.

To fix that, the firm offered pointers to help property owners establish a cohesive architectural identity in downtown Copiague and create a street environment that appeals to pedestrians. While the area lacks the large stock of charismatic prewar buildings that define other downtowns, this offers “a chance for Copiague to define its own character,” the report said.

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2017 Smart Growth Awards
VISION Long Island

"One of this year’s winners for Housing Choices goes to the Town of Riverhead and Conifer Realty for their work on Peconic Crossing.

Peconic Crossing consists of 45 units and contain artist’s housing, similar to what has been done with ArtSpace in Patchogue. Through collaborative efforts between the Town and private developers, Conifer Realty, Peconic Crossing will be built in the heart of Downtown Riverhead, home to East End Arts. This centrally located development will create opportunities for walking or biking to work and visiting restaurants and shops. Apartments will be spacious and energy effi cient, with preference given to artists and those displaced by Hurricane Sandy.

After completion of the Town of Riverhead’s Master Plan theey have seen success downtown on a projects by project basis. They were able to acquire funds through New York State to make this project a part of their ongoing downtown revitalization. Riverhead has seen a resurgence in past couple of years with an increase in restaurants and events like “Alive After Five” that are bringing the community together and drawing more people to the area. East End Arts, a past Smart Growth Award winner and local art organization has been an integral part in helping revitalize Riverhead, which is why Peconic Crossing is such an exciting project to see move forward.

Peconic1 Peconic2 Peconic4 Peconic3

Conifer Realty has been working on Long Island downtowns for years, including being the developer behind award winning projects such as Wincoram and Copaigue Commons. They have been ongoing supporters of Smart Growth and the values their company holds is made evident by their commitment to making communities stronger, walkable, and affordable. Many of their projects have affordable components, which is becoming an ever important component in new development on Long Island. Peconic Crossing will also be a mixed income development and provide necessary workforce housing that will support artists and those still displaced by Superstorm Sandy.

Peconic Crossing is an incredible example of private and public resources coming together to create housing that will be valued by the Riverhead community for years to come.

“I want you to remove something from your lexicon right now. This whole concept of workforce housing. We don’t want to use this anymore. I use Millennial housing. This housing that we’re building… it really is millennial housing, and we are getting beat up like crazy by calling workforce housing. So remove it from your lexicon, it is now millennial housing, and you millennials that are here take ownership of it. Because the old guys like me on the opposite side that don’t want it will try to block it on every avenue.” – Hon. Sean Walter, Town of Riverhead Supervisor

“It’s projects like this that have the opportunity to keep Long Islanders here for the long haul.” – Arthur Krauer, Conifer Realty"

Read the full article here

Daily Messenger /
Melody Burri, Staff Writer

"The $18 million project would restore decaying theater, upgrade senior citizen housing


CANANDAIGUA — City Planning and Development Committee members got another look at the rich and stylish design being proposed to breathe life back into a decaying local theater.

The $18 million project would also put a shine on existing senior housing at the corner of North Main Street and Fort Hill Avenue, owned and managed by Conifer Realty LLC.

Representatives from the Fort Hill Performing Arts Center Canandaigua, a non-profit group working to renovate and revitalize the former Canandaigua Academy auditorium, described their $4.33 million part of the project to committee members.

FHPACC Board President Gordon Estey called it “a community performing arts center run by theater professionals” which will be “extremely successful and a wonderful benefit to the community.”

The goal: to provide a space for community organizations in the performing arts to have a production facility usable at reasonable costs.

“My career started in that facility 46 years ago,” said Estey, a lifelong Canandaigua resident. “And my career is going to end in that facility, so I’m excited more than I ever could be for anything.”

The joint project by Conifer and FHPACC will be funded in large part by New York state grants, tax credits and a corporate loan. The remainder will be raised through a capital campaign that will launch in July, Estey said.

“It’s going to be beautiful,” he said. “And this is what’s going to make it workable is the fact that we have all been in this business. We know what we’re getting into, and we know how to get to the end result.”

FHPACC Executive Director Holger Stave said the theater has been empty and dormant since 1995.

Conifer, which owns the entire apartment and theater facility, will restore the theater and then allow FHPACC to purchase it as one would purchase a condominium, Stave said.

Read more ...

Long Island Business News
David Winzelberg, Staff Writer

"A host of real estate developments and business leaders will be recognized at the 16th Annual Long Island Smart Growth Awards scheduled for next month.

Organized by community planning organization and smart-growth advocate Vision Long Island, the luncheon event at the Crest Hollow Country Club in Woodbury on June 9 will showcase the people and projects that advance the revitalization of area downtowns and investment in infrastructure for the future.

Among those honored at this year’s event will be John Cameron, from Cameron Engineering and the Long Island Regional Planning Council, who will receive a regional leadership award. A community leadership award will be presented posthumously to Delano Stewart, publisher of “Point of View.”  Ryan Stanton of the Long Island Federation of Labor will receive a next generation award.

The project and organizational honorees include the Town of Riverhead and Conifer Realty for housing choices with Peconic Crossing in downtown Riverhead; David Kilmick of the LGBT Network and D&F Development for housing choices with LGBT housing in Bay Shore; Livingston Development Group for revitalizing communities with The Villas at Glen Cove; Nassau County and the Town of Hempstead for revitalizing communities with the Baldwin revitalization project; Longwood Library, Concern Middle Island, and Gail Lynch Bailey for mix of uses in the Middle Island revitalization; Mill Creek Residential and the Village of Mineola for transit-oriented development for the Modera, Hudson House, and Searing Avenue projects; Concerned Long Island Mountain Bicyclists for transportation choices; LIPA and Deepwater Wind for partnering on the South Fork offshore wind farm for clean energy; and the Village of Great Neck Plaza and Nemat Development for certainty with transit-oriented development zoning.

“These last few years have shown tremendous progress with nearly 13,000 units of transit oriented housing approved, over a billion dollars of federal and state funds invested in our local infrastructure and nearly 60 communities working on downtown revitalization plans,” said Eric Alexander, Vision Long Island’s director.

Some 900 attendees, consisting of Long Island’s community, government and business leaders, are expected to attend this year’s event."

Dueker ScottConifer Realty, LLC announced that Scott Dueker has joined the Company to further develop their growing portfolio. Scott Dueker is joining the Development Team with over 20 years of architecture experience.

Earning a bachelor’s degree in Architecture and Design from the University of Buffalo, with a minor in facilities management and planning, Mr. Dueker has extensive experience in multifamily housing excelling in architectural and interior design, construction management and building systems. 

“Scott will play an integral role in the Development Team using his expertise to ensure that Conifer’s developments are built to Conifer standards and quality playing a key role in energy analysis, construction and design drawing and specification review, budgeting and innovative design solutions,” said Lisa Kaseman, Vice President of Development Operations.

We are confident that Scott will be a valued contributor to the Conifer Team! Please join us in welcoming him!