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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! 


New York Real Estate Journal (NYREJ)
www.nyrej.com

"Riverhead, NY Community Development Corporation of Long Island (CDCLI) and Conifer Realty, LLC, hosted a groundbreaking event for 45 mixed-income apartments to be constructed on Main St. in the downtown area. A blighted building was recently demolished on the site and will be replaced with a five-story building featuring one and two-bedroom energy-efficient apartment homes.

Complementing the community’s ongoing redevelopment efforts, Peconic Crossing is an important mixed-income revitalization development in Downtown Riverhead that will provide sorely needed workforce housing. There will be preferences for artists, as well as persons who had been displaced by Superstorm Sandy. The New York State Governor’s Office of Storm Recovery (GOSR) committed $4.55 million through the Affordable Housing Fund program to finance the new development in conjunction with NYS Homes and Community Renewal (HCR).

CDCLI Ground Breaking

Pictured above (from left) are: Patricia Drake Snyder; James Wooten, Riverhead town councilman; Sean Walter; Gwen O’Shea; Marianne Garvin, CDCLI; Thomas Johnson, executive vice president of Conifer Realty, LLC; David Calone, president & CEO of Jove Equity Partners; and Kevin Law. 

Gwen O’Shea, president and CEO for CDCLI, said, “Enhancing downtowns by providing attractive and affordable housing opportunities is critical for Long Island’s sustainability. CDCLI is thrilled to work with our partner, Conifer Realty, to create an innovative housing opportunity for artists in Riverhead.  The development will have ground floor gallery space for artists to display their work and a rooftop terrace overlooking the Peconic River. Not only will new residents enhance local businesses, they will also add to the vibrancy and sense of place.” 

Arthur Krauer, senior project director of Conifer Realty said, “This development is another in the continued successful collaboration between CDCLI and Conifer Realty. Our partnership has already produced 620 affordable apartment homes on Long Island.” He said that “rents will range from $960 to $1,537 per month. The total development costs are in excess of $18 million. Conifer is committed to Long Island and is proud to build, own, and manage high quality, energy efficient, affordable apartments. Peconic Crossing will offer artistic residents a place to create, collaborate and live.”

Suffolk County executive Steve Bellone pointed to the benefits of downtown redevelopments such as this and added, “It is essential for Suffolk County to support smart growth affordable housing through our infrastructure funding.  The creation of downtown housing options helps the local economy, preserves open space, and enhances the quality of life for all involved. I am very pleased to see the construction getting underway.” 

HCR commissioner Ruthanne Visnauskas said, “Governor Cuomo’s commitment to dedicate state resources to leverage private investment is the driving force behind this new development. Mixed use, mixed income and resilient affordable housing is the key to bringing new energy, opportunity and growth to Riverhead. Developments such as Peconic Crossing are precisely the type of housing that the State wants to encourage and is proud to support.”

GOSR executive director Lisa Bova-Hiatt said, “Governor Cuomo created GOSR with a single mission: to build back better than before. Peconic Crossing, financed through our Affordable Housing Fund program, epitomizes the goal of supporting the preservation or development of rental housing lost as a result of Superstorm Sandy, Hurricane Irene, and/or Tropical Storm Lee. It’s resilient, cost-effective, and affordable – and with a preference for households displaced by Superstorm Sandy, it represents a secure new start for families who lost their homes. We aim to foster vibrant 24-hour, smart growth, transit-oriented communities anchored by high quality, mixed income housing. And that is what Peconic Crossing will deliver, bringing an essential fresh, new addition to Riverhead’s downtown center.”

“Conifer Realty and CDCLI are contributing to the revitalization of downtown Riverhead,” said Riverhead supervisor Sean Walter. “This project represents a new approach to apartment living and will bring an artistic element by offering a gallery space and preference to our local artists. We look forward to seeing more young people along our riverfront, walking down Main St. and enjoying our local businesses when this development is complete.” 

 Long Island Association president and CEO, Kevin Law, said, “Peconic Crossing will help keep Long Island a vibrant region with a growing economy by providing more affordable rental opportunities for families and revitalizing downtown Riverhead, and thus we commend the Community Development Corporation of Long Island and Conifer Realty for their efforts.”

Patricia Drake Snyder, executive director of East End Arts, said, “It has been proven over and over again that embracing the arts in a community is a transformational step towards a vibrant environment and enhanced quality of life. Riverhead has been progressive and welcoming to artists over the last several years and it shows by the growing number of public art, the success of the performing arts venues, and the approval of Peconic Crossing. Not only will Peconic Crossing further encourage artists to engage in the community, it will also ensure housing costs remain affordable.”

Multifamily affordable housing developments require multiple public and private funding sources in order to be financially viable.  Peconic Crossing is receiving federal and state low income housing tax credits, CDBG Disaster Recovery funds through the Governor’s Office of Storm Recovery, infrastructure funds through Suffolk County, REDC funds through Empire State Development, and a grant from New York State Energy Research and Development Authority. CDCLI Funding Corp. is also investing $200,000 into the development."


Conifer Realty, LLC joined by Secretary Kenneth Holt of the Maryland Department of Housing and Community Development, Thomas Himler Deputy CAO for the County Government, Eric Brown, Director of Housing and Community Development for Prince George’s County, and a host of others, gathered to celebrate the official opening for Conifer Village at Oakcrest, a $26.5 million brand new senior housing development.

Located at 2011 Brooks Drive in District Heights, Conifer Village at Oakcrest is a 120-unit senior apartment community that offers individuals aged 62 and older an affordable, high quality, state-of-the-art apartment home with many amenities. These one and two bedroom units come equipped with energy efficient appliances, patio or balcony, a fully-equipped fitness room, computer lab and great room for social events. Just off Pennsylvania Avenue, residents enjoy an array of neighborhood amenities, such as the Oakcrest Community Center, restaurants, shopping, banks and more.

CVOakcrest 020917 LR

“With rents soaring and a large and growing senior population, providing affordable, accessible senior housing in Prince George's County has never been more important,” says Eric C. Brown, Director of the Prince George's County Department of Housing and Community Development.   “We applaud Conifer Realty for bringing this project to our County and increasing the opportunities for our seniors to have an affordable, comfortable and safe place to live.”

The total development cost for the project is over $27.5 million. Financing was provided by Low Income Housing Tax Credit equity, in the amount of $8.9 million, from Red Stone Equity Partners, a $12.1 million loan from Prudential, a $2.5 million loan from Maryland Department of Housing and Community Development, and a $2.2 million loan from Prince George’s County’s HOME Program funds.

The site is designed with warm colors, exterior fencing and lush landscaping to create an attractive and inviting streetscape.  Considering the various environmental issues and the need for green building, Oakcrest features high efficiency Energy Star windows, lighting, appliances and HVAC equipment.  These design features culminated in an Energy Star New Homes, version 3.1 certification. 

“The completion of Conifer Village at Oakcrest is an outstanding example of what is achievable through collaborative public-private partnerships,” says Sam Leone, Regional Vice President of Development at Conifer. “The result here is a beautiful new community, offering an excellent quality of life for seniors. It has been a great pleasure working with the local community, Prince George’s County, and Maryland Department of Housing and Community Development to see this through from vision to reality.”


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

image2356

While construction continued on the Copiague Commons mixed-income community in Copiague on Wednesday, April 5, 2017, a lottery was being held at Babylon Town Hall to select residents and establish awaiting list for the 90 brand new affordable apartment homes. Photo Credit: Newsday / John Paraskevas.

HIGHLIGHTS

 

  • More than 500 applications received for new development
  • Lottery determines order of consideration for rental units

 

More than 500 applications have been submitted for apartments in a $33.5 million, 90-unit, mixed-income development in Copiague that is a centerpiece of Babylon Town’s campaign to revitalize the South Shore hamlet.

Developers of Copiague Commons held a lottery at Babylon Town Hall Wednesday to determine the order in which applications will be considered.

About 30 applicants looked on anxiously as officials from the town, Suffolk County, the Community Development Corp. of Long Island and Rochester-based Conifer Realty took turns drawing names.

Officials said the attendees accounted for a fraction of the more than 525 applications submitted for apartments in the two four-floor buildings near the Copiague train station.

Renting from $1,169 to $1,850, and targeted at people making up to 60 or 100 percent of area median income, the one- and two-bedroom apartments offer a good deal in an area where affordable rentals are hard to find, applicants said.

“We’re literally pricing young and old people off the Island,” said Paul Westphal, a longtime resident of Amity Harbor whose application for a one-bedroom unit was among the first 90 selected. “I believe we could use two or three more of these in Copiague.”

Westphal, 64, cited damage his home suffered in superstorm Sandy as one reason he applied.

“It’s time to get off the water,” said Westphal, who added he is still waiting for state funding to complete repairs.

For Julia Meszaros, Copiague Commons’ proximity to the train station prompted her and her fiance to apply.

Meszaros, 26, a personal trainer who lives in Yaphank, was among the first names called Wednesday.

“It’s going to relieve my stress levels a lot with the commuting we have to do,” she said. Her fiance commutes 2 1⁄2 hours each way to his job at a school in Harlem, she said.

"Gwen O’Shea, president and CEO of the Community Development Corporation, noted the diversity of applicants.

“It’s not just seniors or millennials,” she said. “It couldn’t be more evident how critical the need is for affordable housing on Long Island.”

Applications will now be reviewed in the order determined by the lottery, O’Shea said, although preference will be given to those affected by superstorm Sandy.

Qualifying applicants will be able to move in over the summer, she said.

image 123566

Paul Westphal, right, of Amity Harbor, is congratulated after his name was among those picked in a lottery held at Babylon Town Hall on Wednesday, April 5, 2017. Photo Credit: Newsday / John Paraskevas

Babylon Town Deputy Supervisor Tony Martinez said the new tenants could provide a boost to business in the hamlet’s downtown, which was rezoned in 2015 to spur transit-oriented development.

“I think we’re going to see a lot of things happening this year in Copiague,” he said.

Julia Meszaros, 26, of Yaphank is congratulated after her name was among the first called during the Copiague Commons applicant lottery held at Babylon Town Hall on Wednesday, April 5, 2017. Photo Credit: Newsday / John Paraskevas
 

Babylon Town Deputy Supervisor Tony Martinez said the new tenants could provide a boost to business in the hamlet’s downtown, which was rezoned in 2015 to spur transit-oriented development.

“I think we’re going to see a lot of things happening this year in Copiague,” he said."


Conifer Realty, LLC is proud to announce the recipients of the Annual Property Management Excellence Awards. The award winners are an extension of Conifer’s values, they positively impact the lives of our residents and support our unwavering dedication to providing high-quality homes that welcome workforce families, elderly and those with special needs. These committed recipients were announced during Conifer’s annual leadership conference with over 250 employees in attendance to celebrate, connect, collaborate and communicate. 

2017awardwinners

From left to right: Terri Curran (Rookie of the Year); Erik Olton - Fort Hill Apartments (Most Improved Property NOI); Barbara Naylor – Morningside Senior (Property of the Year); Thea Sobkowski (Conifer Value Award); Michelle Marin (Outstanding Customer Service); Gary Meyers (Maintenance Supervisor of the Year); and Marie Kammerer (Manager of the Year).

Please join us in congratulating our exceptional employees on a great 2016 and even better 2017! 


Community Development Corporation of Long Island (CDCLI) and Conifer Realty, LLC, hosted a groundbreaking event this morning for 45 mixed-income apartments to be constructed on Main Street in downtown Riverhead.  A blighted building was recently demolished on the site and will be replaced with a high quality, five-story building featuring one and two bedroom energy efficient apartment homes.

Complementing the community’s ongoing redevelopment efforts, Peconic Crossing is an important mixed-income revitalization development in Downtown Riverhead that will provide sorely needed workforce housing.  There will be preferences for artists, as well as persons who had been displaced by Superstorm Sandy.  The New York State Governor’s Office of Storm Recovery (GOSR) committed $4.55 million through the Affordable Housing Fund program to finance the new development in conjunction with NYS Homes and Community Renewal (HCR).

PeconicCrossing LR

Gwen O’Shea, President and CEO for CDCLI said, “Enhancing downtowns by providing attractive and affordable housing opportunities is critical for Long Island’s sustainability. CDCLI is thrilled to work with our partner, Conifer Realty, to create an innovative housing opportunity for artists in Riverhead.  The development will have ground floor gallery space for artists to display their work and a rooftop terrace overlooking the Peconic River.   Not only will new residents enhance local businesses, they will also add to the vibrancy and sense of place.” 

Arthur Krauer, Senior Project Director of Conifer Realty stated, “This development is another in the continued successful collaboration between CDCLI and Conifer Realty. Our partnership has already produced 620 affordable apartment homes on Long Island.” He added that “rents will range from $960 to $1,537 per month. The total development costs are in excess of $18 million. Conifer is committed to Long Island and is proud to build, own, and manage high quality, energy efficient, affordable apartments. Peconic Crossing will offer artistic residents a place to create, collaborate and live.”

Suffolk County Executive Steve Bellone pointed to the benefits of downtown redevelopments such as this and added, “It is essential for Suffolk County to support smart growth affordable housing through our infrastructure funding.  The creation of Downtown housing options helps the local economy, preserves open space, and enhances the quality of life for all involved.  I am very pleased to see the construction getting underway.” 

HCR Commissioner RuthAnne Visnauskas said: “Governor Cuomo’s commitment to dedicate state resources to leverage private investment is the driving force behind this new development. Mixed use, mixed income and resilient affordable housing is the key to bringing new energy, opportunity and growth to Riverhead. Developments such as Peconic Crossing are precisely the type of housing that the State wants to encourage and is proud to support.”

GOSR Executive Director Lisa Bova-Hiatt said: “Governor Cuomo created GOSR with a single mission: to build back better than before. Peconic Crossing, financed through our Affordable Housing Fund program, epitomizes the goal of supporting the preservation or development of rental housing lost as a result of Superstorm Sandy, Hurricane Irene, and/or Tropical Storm Lee. It’s resilient, cost-effective, and affordable – and with a preference for households displaced by Superstorm Sandy, it represents a secure new start for families who lost their homes. We aim to foster vibrant 24-hour, smart growth, transit-oriented communities anchored by high quality, mixed income housing. And that is what Peconic Crossing will deliver, bringing an essential fresh, new addition to Riverhead’s downtown center.”

“Conifer Realty and CDCLI are contributing to the revitalization of downtown Riverhead,” stated Riverhead Supervisor Sean M. Walter, “This project represents a new approach to apartment living and will bring an artistic element by offering a gallery space and preference to our local artists.  We look forward to seeing more young people along our riverfront, walking down Main Street and enjoying our local businesses when this development is complete,” the Supervisor concluded. 

PeconicCrossing2 LR

Long Island Association President and CEO Kevin S. Law said, “Peconic Crossing will help keep Long Island a vibrant region with a growing economy by providing more affordable rental opportunities for families and revitalizing downtown Riverhead, and thus we commend the Community Development Corporation of Long Island and Conifer Realty for their efforts.”

Patricia Drake Snyder, Executive Director of East End Arts said, “It has been proven over and over again that embracing the arts in a community is a transformational step towards a vibrant environment and enhanced quality of life. Riverhead has been progressive and welcoming to artists over the last several years and it shows by the growing number of public art, the success of the performing arts venues, and the approval of Peconic Crossing. Not only will Peconic Crossing further encourage artists to engage in the community, it will also ensure housing costs remain affordable.”

Multifamily affordable housing developments require multiple public and private funding sources in order to be financially viable.  Peconic Crossing is receiving federal and state low income housing tax credits, CDBG Disaster Recovery funds through the Governor’s Office of Storm Recovery, infrastructure funds through Suffolk County, REDC funds through Empire State Development, and a grant from New York State Energy Research and Development Authority.  CDCLI Funding Corporation is also investing $200,000 into the development.


Long Island Tech News (longislandtechnologynews.com)

"A groundbreaking for a new $18 million apartment complex in downtown Riverhead is scheduled for next week.

The project, called Peconic Crossing, will be developed by Rochester-based Conifer Realty and the Community Development Corporation of Long Island and bring 45 income-restricted apartments in a four-story building at 11 West Main St. The development, which will have one- and two-bedroom apartments will replace the former Long Island Science Center, which has been razed.

The new rental housing is designed for working families earning less than 90 percent of Suffolk County’s area median income, which is $76,160 for a family of two. There will also be preferences for artists, as well as persons who had been displaced by Hurricane Sandy, according to a statement from CDCLI. A ground-level artist gallery is part of the plans.

Amenities at the complex will include a fitness room, a community room and laundry room.

Officials expected at the March 28 groundbreaking ceremony include Gwen O’Shea, president and CEO of CDCLI; Riverhead Supervisor Sean Walter; Suffolk County Executive Steve Bellone; Kevin Law, president and CEO of the Long Island Association; Eric Alexander, executive director of Vision Long Island; Patricia Drake Snyder, executive director of East End Arts; and Thomas Johnson, executive vice president of Conifer Realty.

“The town has done careful planning to redevelop Riverhead one project at a time,” Alexander said. “This development fits perfectly with that planning strategy to continue to revitalize Main Street.”


Affordable Housing Finance
www.housingfinance.com

"The LIHTC equity will help finance a 48-unit development in Dryden, N.Y.

Boston Capital announced that it is investing in the construction of a 48-unit affordable housing development for families in Dryden, N.Y.

poetsPoets Landing II is being developed by Rochester, N.Y.–based Conifer Realty.

Boston Capital is investing approximately $7.6 million in low-income housing tax credit (LIHTC) equity in the project. The firm also partnered with Conifer on the construction of Poets Landing I, a 72-unit apartment community completed in 2013.

Conifer Realty's 48-unit Poets Landing II will provide affordable housing for families in Dryden, N.Y. The deal marks the 30th collaboration between Conifer and housing tax credit syndicator Boston Capital.

"Low- to moderate-income families in need of high-quality affordable housing in the Dryden area will benefit from Boston Capital's investment in Poets Landing II," said Jack Manning, president and CEO of Boston Capital, in a statement. "We are happy to once again team up with our longtime partner Tim Fournier and our friends at Conifer in the second phase of Poets Landing.”

Since 1986, Boston Capital and Conifer have partnered in 30 multifamily developments, resulting in the creation of 2,249 units of affordable housing across the Northeast, according to Manning.

Located on 10 acres, Poets Landing II will feature 16 one-bedroom, 24 two-bedroom, and eight three-bedroom units in six two-story buildings. Units will include central heating and air conditioning, dishwashers, patios/balconies, and storage. Residents at Poets Landing II will have access to the community amenities at Poets Landing I, which feature a leasing office, a great room, a computer workstation, a laundry center, and a playground. The apartments will be available to families earning 60% or less of the area median income.

To date, Boston Capital has invested in more than 6,700 apartments in New York.


BPerry CopyIt is with great honor that we announce the addition of Betty Perry, Regional Vice President of Property Management to Conifer.

“Betty will oversee the Long Island region and join the Property Management Leadership Team,” said Thomas R. Johnson, Executive Vice President. “Betty comes to Conifer from Related Management Company, where she spent 24 years in various property management positions.” He added, “Her most recent role was managing a portfolio of 39 properties consisting of 7,200 apartment units. She brings a wealth of knowledge and experience in the affordable housing industry.”

Ms. Perry depicts the Company’s core values of commitment, dedication, honesty, innovation, integrity, quality and respect, every day. She brings over 20 years of experience overseeing a diversified portfolio of mixed use properties, totaling approximately 39 assets with a total of 7,200 residential units, 29 retail/commercial spaces and parking garages. She is an I.R.E.M. Certified Property Manager; National Apartment Association (NAA) member; TaCCs Low Income Housing Tax Credit Certified; National Property Management Association (NPMA) gold member; and a NYS Licensed RE Salesperson. Conifer is fortunate to have Ms. Perry as part of our team of dedicated and skilled professionals. 


Conifer is pleased to announce that a brand new, 120-unit, senior apartment community in Capitol Heights is now open! 

Located at 2011 Brooks Drive in District Heights, Conifer Village at Oakcrest offers individuals 62 and older an affordable, one or two bedroom, high-quality, state-of-the-art apartment home with many amenities. Each apartment home includes energy efficient appliances, patio or balcony, a fully-equipped fitness room and great room for social events. Just off of Pennsylvania Avenue, residents enjoy an array of neighborhood amenities, such as the Oakcrest Community Center, restaurants, shopping, banks and more.

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Conifer Village at Oakcrest has seven apartments accessible for people with disabilities as well as three hearing and visually impaired apartments set aside.

“With rents soaring and a large and growing senior population, providing affordable, accessible senior housing in Prince George's County has never been more important,” says Eric C. Brown, Director of the Prince George's County Department of Housing and Community Development.   “We applaud Conifer for bringing this project to our County and increasing the opportunities for our seniors to have an affordable, comfortable and safe place to live.”

The total development cost for the project is over $26.5 million. Financing was provided by Low Income Housing Tax Credit equity, in the amount of $9.2 million, from Red Stone Equity Partners, a $12.1 million loan from Prudential, a $2.5 million loan from Maryland Department of Housing and Community Development, and a $2.2 million loan from Prince George’s County’s HOME Program funds.

“The completion of Conifer Village at Oakcrest is an outstanding example of what is achievable through collaborative public-private partnerships,” says Sam Leone, Regional Vice President of Development at Conifer. “The result here is a beautiful new community, offering an excellent quality of life for seniors. It has been a great pleasure working with the local community, Prince George’s County, and Maryland Department of Housing and Community Development to see this through from vision to reality.”

For more information, visit www.conifervillageatoakcrest.com, call (240) 767-6563 or email This email address is being protected from spambots. You need JavaScript enabled to view it.. Send completed applications to 2011 Brooks Drive, District Heights, MD 20747.


Contact

[P] (866) 324-0500 -Toll Free
[E] contactus@coniferllc.com