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Up to $1 million may be coming to the Fort Hill Performing Arts Center Canandaigua, courtesy of the Sands family and Constellation Brands.

CANANDAIGUA — After learning of the news that up to $1 million is coming the way of the Fort Hill Performing Arts Center Canandaigua, Holger Stave, the nonprofit organization’s executive director, called it a good day for the arts.

“It’s a good day for Canandaigua,” Stave said.

The proposed performing arts center, which involves renovating the former Canandaigua Academy auditorium housed inside the Fort Hill Apartments campus, is getting a major shot in the arm, courtesy of the Sands family and Constellation Brands Inc.

Conifer Realty LLC, which owns the apartments, supports and has worked on plans for the project.

The mid-sized arts venue will be getting $500,000 for the $4.3 million project, which calls for a 460-seat theater and would host arts groups such as Rochester City Ballet, Finger Lakes Symphony Orchestra, Finger Lakes Opera and others.

Members of FHPACC are trying to raise $500,000 through the end of March as part of a capital campaign, at which point Sands and Constellation will match the total with another $500,000.

“It gives us what we need,” Stave said.

The theater will be named the Sands-Constellation Theatre, according to Gordon Estes, president of FHPACC.

“We are so thankful for the generous donation by Constellation brands and the Sands family,” Estes said in a prepared statement. “They have long been a supporter of arts and culture in the community, and we are thrilled for the impact this donation will have on our organization and community.”

The proposed theater site, which was the former Canandaigua Academy auditorium, would stage symphony orchestra concerts, ballet, opera and other performing arts events. In addition to upgrades, the group also is pursuing having a theater organ installed, Stave said.

Renovation work is expected to begin in May, with a target opening of summer 2019.

“It will truly be a great asset to the Canandaigua community,” said Rob Sands, president and CEO of Constellation Brands in a prepared statement.

Mayor Ellen Polimeni, who serves on the nonprofit’s board, said she was pleased that the Sands family and Constellation Brands stepped up and supports efforts like this for the arts.

“I think the building itself is an important community asset,” Polimeni said. “They have certainly been part of the community for years, and they know of the significance of the building.”


Institute of Real Estate Management
Travis Gonzalez, Writer 



Good management translates into value, and well‐managed properties can improve the quality of life for the people in them. For last year’s Real Estate Management Excellence award recipients, challenging and reshaping best business practices is a daily part of the job.  The Institute of Real Estate Management uses the awards to highlight positive business practices. Businesses continue to see the value in fostering corporate responsibility, and real estate professionals have followed suit. In an industry that thrives on interpersonal relationships, the REME Awards affirm real estate’s ultimate goal: to impact how and where people live. Here are four ways the real estate management community is creating positive change in the industry.

1. Fostering sustainability and environmental stewardship Buildings account for 39% of carbon dioxide emissions in the U.S. An increasing number of real estate businesses have made strides enacting sustainability initiatives across their portfolios.  National Community Renaissance received the 2017 REME Award for Sustainability Programs within the workplace environment. National CORE is a nonprofit builder of affordable, multifamily, mixed-income, senior, workforce and special needs housing. The organization launched its “Doing Our Part” initiative last year, which focuses on water conservation across their portfolio and combines resident education with physical improvements and upgrades like turf removal and high-water-efficiency fixtures.  Corporate environmental responsibility has also gained popularity, as online tools allow managers to track office energy use in real time. SL Green Realty Corp. received the 2017 REME Award for Corporate Innovation for its use of EnergyDesk, an energy management platform that provides performance diagnostics across 20.5M SF of its portfolio. Unsplash Chicago

2. Bringing a human touch to property management For Lieberman Management Services Regional Director Paul Petrulis, personal interaction with owners, residents, co-workers and vendors has been a cornerstone of his business practice for years. As managers increasingly rely on technology to help with property operations, human interaction can get lost behind screens and keyboards. IREM awarded Petrulis the REME Award for Accredited Residential Manager of the Year for his understanding of the value of personal service to clients, tenants and residents, as well as his commitment to IREM ethics and best practices.  At Mission Rock Residential, President Patricia Hutchison brings a similar level of personal interaction to the role, along with 27 years of multifamily experience in the Denver market. She was honored with the 2017 REME Award for Certified Property Manager.  In Nashville, family-owned Accredited Management Organization Freeman Web Co. has been a resource for Nashville’s real estate community. People are flocking to Nashville for more than its legendary music scene. Cranes dot the skyline and the city has more than $4B in active building permits.  Freeman Web has maintained a commitment to providing consistent service to clients, tenants and residents, from property management to investment. IREM honored Freeman Webb with a 2017 REME Award for AMO of the Year.

3. Creating the leaders of tomorrow The rigid leadership hierarchies that once defined the business world are on the way out. According to a survey from Virtuali and Work Place Trends, 91% of respondents expressed a desire to lead. Another 50% of respondents said leaders should empower others. Sensing this need for more collaborative work environments, JLL Mid-Atlantic launched its Emerging Leaders Program. The program cultivates the leadership ability of high-value talent who demonstrate a desire to grow, along with a strong potential for future career success. Seventy percent of participants earned a promotion during the program. JLL was honored with the 2017 REME Award for Employee and Leadership Development for its efforts.

4. Giving back to the community  Real estate development goes beyond luxury high-rises and trophy office buildings. As affordable housing crises sweep across the U.S.’ major cities, leaders in the industry are making strides in creating projects that improve local communities. Conifer Realty was awarded the 2017 REME Award for Corporate and Social Responsibility for leading the development, fundraising and construction of an 82-bed homeless shelter, the House of Mercy, in Rochester, New York.  Conifer raised nearly $6M in funding for the new shelter. It also provided its time and talent to more than triple the size of the previous shelter location. To learn more about this Bisnow content partner, click here. 

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Vincent Jackson, Staff Writer
Press of Atlantic City

"The creation of a housing development of 99 low- and moderate-income rental apartments at New York Avenue and Harding Highway in Hamilton Township should be finished by July.

The construction project with a price tag of about $28 million started in June, said Charles M. Lewis, senior vice president for the developer, Conifer Realty LLC, Mount Laurel, Burlington County.

The development, originally known as Harding Homes, has been renamed Pinegrove at Hamilton, Lewis said.

“The cold weather slowed us down a little bit. Early on, we were a little bit ahead of schedule, so we had a little cushion built in. So, we are pretty much on schedule right now,” said Lewis, who added the plan was always 13 months for construction.

The apartments will be basically townhouses with some flats mixed in, Lewis said. There will be 15 one-bedroom, 51 two-bedroom and 33 three-bedroom apartments. Eight buildings with apartments are being constructed along with a freestanding clubhouse for the development’s residents to use.

There were no issues dealing with the Hamilton Township Planning Board during the approval process, Lewis said.

The New Jersey Housing and Mortgage Finance Agency is providing Hurricane Sandy funds for this project, Lewis said.

“We did a market study prior to acquiring the site, and it showed that there was a big demand for affordable housing in Atlantic County,” Lewis said. “We also have developments in Atlantic City and in Egg Harbor City, so for us it made a lot of sense from a management perspective because we already had a presence in the area.”

Conifer Realty LLC is responsible for the Meadows in Atlantic City, which was done in conjunction with the Atlantic City Housing Authority. The Egg Harbor City development is known as Conifer Village at Rittenberg. The company also was behind a housing project in Absecon known as Clayton Mill Run, Lewis said.

The developer is Conifer Realty LLC, but the contractor is a separate, but affiliated company, Conifer LeChase, Lewis said.

“We always keep our eyes out for good locations. A Realtor had brought this (piece of property) to our attention, and we really liked the site,” Lewis said.

Rose Krebs, Staff Writer
Burlington County Times

"CINNAMINSON — A long-planned affordable housing project on Riverton Road is slated to begin this spring now that financing is in place.

But there have been bumps in the road, including securing additional last-minute financing, according to Matthew Reilly, president and CEO of Moorestown Ecumenical Neighborhood Development Inc., commonly known as MEND.

MEND and Conifer Realty, of Mount Laurel, were awarded $1.05 million in tax credits last year to build 54 age-restricted affordable units on 2.7 acres on Riverton Road. The property, which has a large home on it that was formerly used by a nonprofit for senior citizen housing, was purchased by the municipality more than a decade ago.

On Wednesday, the Burlington County Board of Freeholders authorized $240,000 more in loan money from the county’s HOME Investment Partnerships Program to MEND for the project. In 2016, the county awarded an additional $200,000.

Reilly said his organization was “lucky” that the county had the funds available because the tax reforms passed by Congress would impact the equity of tax credits MEND was going to be able to secure.

“Thank you very much to the county,” Reilly said.

He said the $12.8 million project was short on funding after the reforms led to a reduction in tax credit equity of about $1.2 million.

Reilly said tax reform is having a “fairly dramatic impact” on affordable housing projects because the banks that pay for the tax credits are now offering less on the dollar than in previous years. Developers rely on that equity to fund projects.

Because of the reduced equity, MEND had to take out an additional $160,000 in mortgage debt and make cost reductions of $800,000 to be able to fully fund the Cinnaminson project, Reilly said. MEND and Conifer both ended up reducing their project fees.

“We’re ready to go,” Reilly said. “We think it’s going to be a beautiful building and quite a dramatic upgrade from what has been there for the past 10 years.”

“The freeholder board is proud to be able to ensure this much-needed project in Cinnaminson becomes a reality,” freeholder Director Kate Gibbs said. “Providing resources to seniors, who are among the most vulnerable in our communities, has always been one of the board’s top priorities.”

The county’s loans will fund about 11 units, officials said.

“The additional $240,000 request for HOME funds will prevent a potentially insurmountable funding gap for the project,” Gibbs said. “Changes in the tax credit market created a situation in that the completion of the project would be in jeopardy without sacrifices made by MEND and additional support from the county.”

The house will be demolished and replaced by a three-story building with 53 one-bedroom apartments and one two-bedroom unit. To qualify, residents must be at least 62 years old and meet certain income standards.

Rents will be determined using limits and income-eligibility requirements set by the state. Based on current figures, monthly rent would range from about $301 to $866 for a one-bedroom apartment and $1,039 for two bedrooms, Reilly said. Residents would be eligible for an allowance to offset utility costs.

The annual maximum income for tenants is expected to be about $19,000 to $22,000, Reilly said.

“This development is a perfect example of how municipalities and the freeholders can work together to share services on behalf of county residents,” Mayor Howard “Bud” Evans said. “I am thrilled to work alongside MEND, the county and others to turn this eyesore in our town into a beautiful, new senior residence.”

Applications are not yet being accepted, but anyone interested can call MEND at 856-722-7070, ext. 20.

Southern New Jersey Development Council hosted its annual Distinguished Achievement Awards Reception honoring outstanding individuals, organizations and companies in the public and private sectors for leadership in economic development.

 Conifer Realty, LLC is happy to announce that Camp Salute, an affordable housing, veteran preference, development in Clayton, NJ, has been awarded the 2017 Community Housing Award at Southern New Jersey Development Council’s (SNJDC) Annual Awards Reception on Tuesday, October 24, 2017.

“We at Conifer are honored to receive the Community Housing Award for our efforts and our impact on the community with the Camp Salute development and others,” said Sam Leone, Regional Vice President who accepted the award on behalf of Conifer. “Camp Salute is an outstanding example of what can be created through public-private partnerships. Conifer and People for People Foundation are able to develop this community and provide the services and housing our veterans need, thanks in great part to the support we have received from the Borough of Clayton, the county, and the state.”

Camp Salute

“Conifer Realty has made a remarkable impact with the Camp Salute Affordable Housing Project honoring those who have served our country by providing them with permanent housing and services to our veterans through a partnership with People for People,” said Marlene Z. Asselta, President of SNJDC. “As a result of Conifer’s mission to provide high quality affordable housing through partnerships with local government, state housing agencies and nonprofit partners, together with the Camp Salute project, you have been selected by the SNJDC to be the recipient of the Community Housing Award,” she added. “We are celebrating your success in enhancing the housing opportunities in our region.”

This new development is a result of a seven-year effort by The People for People Foundation and Conifer. Thanks to financing by the state of New Jersey and our partners, we are able to provide 76 state-of-the-art apartments to veterans and families in Clayton.

Camp Salute represents the highest quality affordable housing available in the market. The ENERGY STAR certified building features 14 one-bedroom units, 40 two-bedroom units and 22 three-bedroom units that were constructed using the best practices in energy saving technology, along with a spacious community room, laundry center, a fully-equipped fitness center and 24-hour emergency maintenance. 19 apartments will be set aside for veterans with disabilities.

The Institute of Real Estate Management (IREM) hosted its annual Inaugural Gala Dinner and Real Estate Management Excellence (REME) Awards Celebration on Friday, October 13th in Chicago

 Conifer Realty, LLC is honored to have received the 2017 International Award for Corporate and Social Responsibility from the Institute of Real Estate Management (IREM) presented at the 2017 Real Estate Management Excellence (REME) Awards.

This year’s finalists covered both residential and commercial sectors, including submissions from the US, Canada and China. The Corporate and Social Responsibility category recognized exemplary corporate responsibility and contributions to the community that enhance the reputation of real estate management.

Conifer was recognized for its initiative and leadership in developing a brand-new, state-of-the-art homeless shelter in Rochester, NY, the House of Mercy. “For a city of our size, Rochester has the highest poverty rate in the United States, so when we first heard of Sister Grace’s story and the House of Mercy, in 2015, we knew we had to take action to provide our time, talent and treasure to an organization and an individual who had given her whole self to the needy in Rochester,” said Tim Fournier, Chairman and CEO at Conifer.

houseofmercy rendering

The House of Mercy was founded in 1985 to provide shelter, food, clothing and case management services to those in need. The first building offered 19 beds with a need that far exceeded its capacity.

“In March of this year, The House of Mercy opened its doors to a brand new 82-bed, state-of-the-art homeless shelter at a new location, just minutes from Downtown Rochester, closer to the population served, other providers and transportation hubs,” said Fournier. “The new building, designed by NH Architecture, more than triples the size of the previous shelter location. It includes an innovative sleeping area with 82 separately partitioned beds providing the guests with their own space to add a feeling of dignity.”

Conifer-LeChase Construction (CLC), a joint venture between Conifer Realty and LeChase Construction, was the General Contractor for the substantial 15,000 square foot rehabilitation of the new building. Under the leadership of Vice President Brian Russo, CLC donated the construction fee and was able to obtain over $100,000 in donations from their subcontractors.

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“The House of Mercy is a true testament to “Greatness from Many”, it was with superior partnerships and collaborative team efforts that this once blighted site of disrepair has risen an 82-bed homeless shelter,” said Fournier. “Lisa Kaseman, Vice President of Development Operations and Jim LeChase, Senior Vice President of Construction at Conifer Realty worked diligently and tirelessly on the new shelter and I’d like to thank them for their efforts, for without them, we would not be looking at such a beautiful, revitalized building for the needy in Rochester.”

Tim Fournier along with Dick Crossed co-chaired a Capital Campaign for the House of Mercy, raising over $3.6 Million in private financing to develop, construct and maintain the new House of Mercy. In addition, the NYS Homeless Housing Assistance Corporation (HHAC) contributed a $2.3 Million grant and the City of Rochester gave an additional $500,000. Sister Grace Miller, Director at the House of Mercy played a pivotal role in increasing awareness of the need for a larger, safe, state-of-the-art homeless shelter in Rochester. Her effort and dedication to the homeless have provided shelter, food, clothing, and case management to thousands of Rochester residents for over 30 years.

“We see a happiness we didn’t see before,” said Sister Grace Miller. “And to show the impact of the new building, the first day we opened up and [the] homeless were coming in, they’re saying ‘oh, this is beautiful, it’s like a hotel,’ and two of them said, ‘I’m going to turn my life around,’ and I think the fact that we have a beautiful building like this, does a lot for their own image, their own ego, their own self-worth – they really feel they’re important, that they are human beings and they’re being treated like human beings. So, our gratitude to Tim and to Dick is unfathomable, we cannot thank them enough. And they’ve given the homeless hope.”

Many members of our community demonstrated tremendous generosity; we could not have accomplished this achievement without their commitment and support. We’d also like to thank Kelly Finnigan, House of Mercy’s Director of Operations, as well as the House of Mercy Board Members: Bernard Sass, Christine Castronova, Barbara Green, Bob Bartolotta, Miriam Zinter, Edward Hourihan, Jamie Winnick, Dick Crossed, Jim Vogel, and Alan Hanford; as well as past Board Members: Ashley Papp, Laurent Esquier and Pam Smith, for their never-ending support.

This project has been an excellent example of how companies can give back to their communities. Conifer will continue to work with the House of Mercy, providing our best practices, pricing relationships and staff to aid the shelter in providing an on-going, safe, quality place for its guests to rest their heads.

Conifer’s property management team touches the lives of over 20,000 residents on a daily basis – with the addition of the House of Mercy, we are now taking steps to end homelessness by providing shelters and a plethora of affordable housing options in the markets we serve. We are truly humbled to know that what we do every day makes a difference.

“Hospitality to all – no matter how lost,” said Sister Grace Miller.

The House of Mercy is always in need of donations and volunteers. For more information on how you can get involved, please call (585) 546-2580, or visit

Tom Waring, Staff Writer

"Pennypack Crossing recently celebrated its grand opening. The former convent on the campus of Nazareth Hospital is now an apartment complex for people 55 or older and the disabled.

Helene Nestel moved to the Northeast in 1963 and was happy in her single rancher in Winchester Park.

Recently, she learned of the conversion of a former convent on the Holme Avenue campus of Nazareth Hospital into an apartment complex for people 55 or older and the disabled.

Nestel made plans to move into the complex, and it looks like she’ll be selling her house without it even being listed. Her furniture fit into her new home, and visitors to her Pennypack Crossing apartment like the new digs. She’ll move in full time next month.

“I am now a happy resident of Pennypack Crossing and can remain in my Northeast area that I love,” she said.

Nestel spoke last week at the grand opening of Pennypack Crossing, 2723 Holme Ave.

The Holme Circle Civic Association has been working for five years with the Sisters of the Holy Family of Nazareth to find a reputable developer for affordable senior citizen housing for the former convent.

They settled on Conifer, a real estate development, construction and management company that has been building affordable housing for more than 40 years.

Conifer teamed with Inglis Housing Corporation, which strives to help disabled people live in independent, accessible housing.

Pennypack Crossing consists of 44 one-bedroom units, 32 for folks 55-plus and 12 for the disabled. All units are taken.

The project cost more than $12.5 million. Most of the funding came from the Pennsylvania Housing Finance Agency’s Low Income Housing Tax Credit. TD Bank provided a construction loan of $5.2 million.

The ribbon-cutting ceremony took place on Oct. 11, and guests toured the six-floor facility. The complex features a community room with kitchenette, fitness center, computer lab, professional staff, a 24-hour maintenance team and onsite parking.

Conifer senior vice president Charles Lewis, who was born at Nazareth when it was a new hospital, emceed the ceremony. He credited state Sen. John Sabatina Jr. and his predecessor, Mike Stack, and their staffs, along with City Councilman Bobby Henon and former Councilmen Ed Neilson and Denny O’Brien.

Tom Johnson, Conifer’s executive vice president, thanked the community for its support, adding that there is a need for modern affordable housing in the area. He also praised the Sisters of the Holy Family of Nazareth.

“Their prayers helped get us through this project,” he said.

Sister Teresa Mika, the provincial treasurer for the order, described the former convent as a center of welcome and hospitality, filled with a family spirit.

“May God bless all who enter here,” she said.

Holly Glauser, PHFA’s development director, said her agency is glad to help keep rents low in a place built by a quality developer such as Conifer in partnership with the highly reputable Inglis.

Kevin Kelly, managing director of the 140-year-old Inglis, said his agency is pleased that clients are living in a safe neighborhood so close to shopping, transportation and a hospital.

Stack, now lieutenant governor, is glad to see affordable housing for older people.

“Seniors need to have an independence,” he said.

Henon called the facility a “jewel of Northeast Philadelphia.”

“Nobody wants a vacant building,” he said.

Sabatina thanked former Holme Circle Civic Association president Elsie Stevens for her perseverance.

Stevens, who introduced Nestel, recalled that the community began working on the project in October 2012. She thanked Sister Celine Warnilo for her prayers, elected officials for their help and neighboring civic associations for joining a letter-writing campaign to ensure a reputable developer.

Those civics were Mayfair, Winchester Park, Holmesburg, Upper Holmesburg, East Torresdale and Rhawnhurst.

“Today is one of the most fulfilling days of community spirit,” Stevens said. ••

To obtain an application or for more information, call 215–372–2302 or visit"
Press Release, distributed by State of New Jersey Department of Community Affairs

"Four Projects Recognized at the 2017 Governor's Conference on Housing and Economic Development

TRENTON - Four innovative real estate development projects were honored with Governor's Excellence in Housing and Economic Development Awards at the 2017 Annual Governor's Conference on Housing and Economic Development.

'Development of housing for individuals with special needs has been a priority for the Administration,' said Charles A. Richman, Commissioner of the New Jersey Department of Community Affairs (DCA). 'There are many sites across the state that offer creative developers a blank canvas to address this issue.' DCA is one of the hosts of the Governor's Conference.

Two projects received the Housing Revitalization Award. These projects demonstrated the revitalization or redevelopment of distressed or blighted neighborhoods while including an affordable or workforce housing component.

The RIVERFRONT VILLAGE AT PENNSAUKEN (rental development), involves the transformation of a vacant former supermarket, abandoned for nearly 25 years, into an affordable family housing development. The project includes 75 affordable family units in eight buildings, with five set aside for homeless veterans. Riverfront Village is immediately adjacent to a stop on the light rail River Line linking Camden to Trenton, as well as a bus station with connections to other transit links, giving working residents easy access to regional employment centers. The development is part of Pennsauken's Waterfront Master Plan, which outlines the municipality's vision for the area's redevelopment. The project partners are Conifer Realty, LLC, Kitchen & Associates, Pennsauken Township, Camden County Improvement Authority and Camden County Housing Association.

ROSE HOMES (homeownership development), located in Roselle, is helping the borough reduce its decades-old inventory of vacant lots. The thirteen Rose Homes properties are helping to revitalize neighborhoods throughout the municipality while providing affordable homes for working families. The success of the project has led to a second phase. The project partners are Rose Urban Renewal, LLC, Borough of Roselle Mayor and Council, New Jersey Community Capital, and Jersey Mortgage Company.

The Supportive Housing Development Award recognizes a housing project that serves individuals and families with special needs such as the homeless; victims of domestic violence; persons with mental, physical, or developmental disabilities; persons with HIV/AIDS; and youth aging out of foster care. This award went to OCEAN GREEN SENIOR APARTMENTS, a five-story building constructed on a vacant lot in Jersey City. The project was designed to provide 44 affordable senior units and 11 units for special needs residents. The project partners are Cara Development, C-Line Community Outreach Services, the City of Jersey City, Jersey City Medical Center - RWJ Barnabas Health, Inglese Architecture + Engineering, and Del-Sano Contracting Corporation.

The Leading Economic Development Award recognizes an alliance between a New Jersey-based business that has teamed up with the state, a community, or local economic development organization to advance the redevelopment of downtowns, and enhance the quality of life for residents. The partnership should advance the state's overall vision for building tomorrow's living and working communities. This award was given to 220 ROWAN BOULEVARD, located in Glassboro. This project is a key component in the borough's downtown redevelopment and features 28,000 square feet of medical space, 20,000 square feet of retail space, and student and market-rate apartments. The new six-story building occupies formerly dilapidated downtown real estate, and is part of a $425 million project linking the Rowan University campus with Glassboro's retail district, creating a traditional college town and walkable community, and promoting smart growth. The project partners are Nexus Properties, the Borough of Glassboro, Rowan University, Blackney Hayes Architects and M & T Bank.

'These awards celebrate some of the best examples of quality affordable housing, supportive housing and public-private partnerships that have been placed in service throughout New Jersey over the last two and a half years,' said New Jersey Housing and Mortgage Finance Agency Executive Director Anthony L. Marchetta. 'These projects embody the respective missions of our agencies to provide quality affordable housing opportunities, create and retain jobs, and improve the quality of life for all New Jerseyans.'

These projects exemplify the best efforts and collaborations of many dedicated stakeholders,' said New Jersey Economic Development Authority Chief Executive Officer Melissa Orsen. 'Quality housing is a critical component in our efforts to continue to build economic development strategies including job creation and investment.'

The annual conference is hosted by the New Jersey Department of Community Affairs, New Jersey Housing and Mortgage Finance Agency and the New Jersey Economic Development Authority. This year's theme was 'Building Foundations to Shape Communities.' The Governor's Conference brought together the state's most distinguished housing, economic development, business professionals, government officials, lenders, developers, nonprofits, and consultants. This year's conference presented insights and engaged participants in initiatives and new perspectives on property management, economic and community development, special needs populations, and effective approaches for community building.

For more information on the Excellence in Housing and Economic Development Awards and the 2017 Governor's Conference on Housing and Economic Development, visit"

Long Island Business News /
David Winzelberg, Staff Writer

"Elected officials and civic leaders are slated to join developers next week to cut the ribbon on a 90-unit affordable rental complex in Copiague.

Developed by Community Development Corporation of Long Island and Rochester, N.Y.-based Conifer Realty, the two-building Copiague Commons complex is a mix of 56 one- and 34 two-bedroom apartments for families with a variety of incomes ranging from 60 percent to a maximum of 100 percent of the area median income.

The Town of Babylon held a lottery in April for hundreds of eligible prospective renters vying for the affordable units. Rents at Copiague Commons will range from $1,193 to $1,450 for the one-bedroom apartments and from $1,431 to $1,850 for the two-bedroom apartments.

The $33.5 million transit-oriented development project was built on a former industrial site on Railroad Avenue."

Copiague Commons Copy
Press Release, distributed by Public

"25 Percent of Units to be Set Aside for Disabled Veterans

CLAYTON - New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff Tuesday joined local officials and representatives from Conifer Realty LLC and the People for People Foundation of Gloucester County to mark the groundbreaking of Camp Salute, an affordable apartment development.

The $22.9 million project includes the construction of 76 apartments for residents earning up to 60 percent of the area median income. One quarter, 19 units, will be set aside for disabled or homeless veterans, who will pay only 30 percent of their income for the apartments. Rents for a one-bedroom unit are expected to range from $714-$870; between $845-$1,120 for a two-bedroom, and from $981-$1,197 for a three-bedroom.
The development, a joint venture between Conifer and People for People, will include a tot lot and a community building, which will house an exercise room, common laundry area, and computer lab. A full array of social services for all residents will be provided by the People for People Foundation of Gloucester County, a private, nonprofit foundation that helps self-sufficient individuals and families that fall on hard times through no fault of their own and need one-time help.

'Camp Salute will be a very special community, providing affordable housing opportunities for families and veterans who have served our country,' said New Jersey Department of Community Affairs (DCA) Commissioner Charles A. Richman, who also serves as chairman of the NJHMFA board. 'We commend Conifer Realty and People for People on their partnership in creating this development.'

NJHMFA approved 9 percent Low Income Housing Tax Credits for the project, which are expected to generate $17.7 million in private equity.

'We are very proud to be part of this unique project to provide permanent, affordable housing and services for families and veterans,' said NJHMFA Executive Director Anthony L. Marchetta. 'The use of Low Income Housing Tax Credits as a development tool to boost affordable housing, such as Camp Salute, has opened the door to thousands of residents.'

The developer, Conifer Realty, LLC, is a full-service real estate company specializing in the development, construction, management and ownership of high-quality, affordable housing communities.

NJHMFA estimates that the Camp Salute project will generate approximately $36 million in one-time economic output, defined as the total value of industry production, such as sales and business revenues. During construction, the project is expected to support approximately 217 direct and indirect/induced full-time equivalent jobs, and generate over $1.3 million in state and local taxes. Once complete, Camp Salute is expected to continue to add value to the community by providing approximately $4 million in ongoing economic output, about 22 direct and indirect/induced full-time equivalent jobs, and approximately $229,000 in state and local taxes annually.

Economic Impact Analysis figures were estimated using multipliers derived from a 2013 study entitled 'Economic and Fiscal Impacts of the New Jersey Housing and Mortgage Finance Agency's Investment in Affordable Housing,' conducted by HR&A Advisors, Inc., a real estate and economic development consulting firm.

For more information on NJHMFA programs, visit"