CIS Communities Featured in Affordable Housing Finance Article

Bayshore Village AHF Article

Community Investment Strategies is excited and honored to have been recently featured in an article by Affordable Housing Finance.

Affordable Housing Finance (AHF) is a publication devoted to providing editorial pieces serving the low-income housing industry.  Their main focus in on financing options, development strategies, and management techniques to the owners, managers, developers, and agencies involved in affordable housing.

The AHF article highlights one of Community Investment Strategies’ newest 62+ communities, Bayshore Village.  Bayshore Village, located in the Port Monmouth section of Middletown, N.J., replaces a 96-unit development that was partially destroyed by Superstorm Sandy.  CIS developers were able to renew this damaged community and turn it into a brand new 110-unit building for seniors 62 and older.

Superstorm Sandy changed that way that we view building, rehabilitating and operating affordable housing developments.  In fact, CIS took part in a 3 year-long Learning Collaborate for Multifamily Housing Resilience following Superstorm Sandy.  The Learning Collaborate featured a dozen developers from New Jersey and New York.  It provided key support and knowledge in the recovery and rebuilding process that takes place after such natural disasters.

AHF goes on to explain how CIS was affected and inspired by the Learning Collaborate and discusses how our development team utilized critical lessons learned to make Bayshore Village a safer and structurally stronger estate. Bayshore Village is located close to the shoreline, so we knew that we had to have a solid plan of protecting the building and its residents if another storm were to ever strike.

Lastly, AHF and CIS mutually stress how important it is that multifamily and affordable housing organizations have preventative and protective measures in place for natural disasters.

We are so excited to be featured in this article and hope that you give it a read!  To view the article in its entirety, visit: http://www.housingfinance.com/developments/new-senior-development-in-new-jersey-model-of-resiliency_o

 

Community Spotlight: Heritage Village at Lambertville

Heritage Village Lambertville

Community Investment Strategies is pleased to highlight one of our 55+ communities, Heritage Village in Lambertville.  Our Heritage Village concept is an independent living, affordable housing opportunity serving as a sensible rental alternative to the rising cost of homeownership and maintenance in New Jersey.  Our communities offer value-savvy and active adult residents a well-mannered lifestyle at unbeatable pricing.

Our Lambertville community offers a plethora of top-notch amenities to its residents.  Right on sight you’ll find a great variety of recreational, social, and educational activities.  You’ll have access to our community fitness center, library, and multipurpose meeting rooms to use at your convenience.  There are ongoing lecture series on topics such as arts and crafts, health, and wellness.  We also have a wellness room where residents can receive health and medical consultation.  There is also transportation available, so driving is not an essential means of getting where you need.

Our one and two bedroom apartments are pet friendly, are fully equipped with efficient appliances, and provide wheelchair accessibility.  Each home come with desirable standard features such as wall-to-wall carpeting, no-wax vinyl floors, quality kitchen cabinets, and central air conditioning and heating.  There is full access available to sundecks, elegant lounge areas, and courtyards, so finding a place to relax is a piece of cake.  Best of all, there is on-site maintenance available for whenever you need assistance.

If you wish to venture outside of your living community, you will find yourself in the heart of a charming, historic town.  Lambertville is known for its antique and boutique shopping, cozy coffee shops, delicious restaurants, and historic tour opportunities.  If you enjoy the outdoors, you are close to the beautiful Delaware Canal and scenic nature trails.  Besides the family owned grocery and convenient stores, you’re also just minutes from essentials like Shop Rite, CVS Pharmacy, Walmart, Walgreens, Acme, and more!  Best yet, you are just across the bridge from New Hope, Pennsylvania, which is a mecca for shopping, fashion, and entertainment.  The possibilities for fun, adventure, and relaxation are endless!

Heritage Village at Lambertville offers residents a quality lifestyle at an extremely affordable price.  Live the life you choose, free from the responsibility of maintaining a home. It’s time to relax and enjoy your leisure time and the things you’ve always loved doing. Come visit Heritage Village at Lambertville!

Bayshore Village Hard-Hat Tour Brings to Life Lessons from Superstorm Sandy and the Learning Collaborative for Multifamily Housing Resilience

4554192-d

State and local officials join Community Investment Strategies, Middletown Senior Citizens Housing Corporation and Enterprise Community Investment at a property that replaces an affordable seniors development destroyed by Sandy and serve as a model for resilience

Federal, state and local officials including Deputy Mayor Anthony P. Fiore; Senator Joseph M. Kyrillos, Jr.; Thomas A. Arnone, Director, Monmouth County Freeholder; Anthony Marchetta, Executive Director of NJ Housing and Mortgage Finance Agency; and Maria Maio, Representative of the U.S. Department of Housing and Urban Development today joined developer and owner Community Investment Strategies, Middletown Senior Citizens Housing Corporation and Enterprise Community Investment for a Hard-Hat Tour of Bayshore Village.

Consisting of 110 affordable apartments for seniors age 62 and older, Bayshore Village is critically needed replacement housing for a 96-apartment affordable senior community which was partially destroyed by Superstorm Sandy in Monmouth County – one of the areas hit hardest during the historic hurricane that damaged or destroyed more than 600,000 homes in New Jersey and New York alone.

Bayshore Village incorporates lessons learned from Superstorm Sandy generated by the Learning Collaborative for Multifamily Housing Resilience, of which Community Investment Strategies was a part. Convened by Enterprise Community Partners, the parent organization of Enterprise Community Investment (collectively known as Enterprise), following Superstorm Sandy as part of their Recovery and Rebuilding Program, the Learning Collaborative provided a forum for a broad community of affordable multifamily housing groups to share experiences and best practices to improve the resiliency of their affordable housing properties and safeguard them from future crises.

“Sandy changed the way we think about building and renovating affordable housing,” said Christiana Foglio, owner and CEO, Community Investment Strategies. “Following the storm and lessons we took from our experience with the Learning Collaborative, we’re extremely diligent in terms of thinking through weather impact and disaster preparedness.”

Building on these lessons, Bayshore Village is located above flood elevation and includes specific design elements to prevent and address weather- and disaster-related events such as durable cement-board exteriors; impact-resilient windows; LED lighting; an emergency generator, bathrooms, showers and elevators that work during extended power loss; and an energy-efficient ventilation system.

When Bayshore Village is completed in spring 2017, displaced residents will have first priority to return to the new three-story, 100,000-square-foot handicap accessible building with 14 two-bedroom units and 96 one-bedroom apartments. Rents will range from $755 to $1,025 including amenities such as a fitness center, community room with fireplace and catering kitchen, library, computer room, wellness center, laundry facilities, key fob entry, security cameras and on-site parking.

Financing for Bayshore Village includes tax-exempt bonds and Sandy Disaster Recovery Community Development Block Grant funds provided by NJ Housing and Mortgage Finance Agency and $8.2 million in Low Income Housing Tax Credit equity syndicated by Enterprise Community Investment, whose investor is JPMorgan Capital Corporation.

“Enterprise is proud to work with Community Investment Strategies and all of the partners involved in making Bayshore Village a reality,” said Raoul Moore, SVP of tax credit syndication at Enterprise Community Investment. “It’s a critically needed development that represents the best of what Enterprise and its partners bring to the table to create high quality, resilient affordable housing in New Jersey and nationwide.”

Photo: (Left to Right) Mark Issa, President, CIS Construction; Christiana Foglio, CEO, Community Investment Strategies; Barbara Schoor, Vice President, Community Investment Strategies; Senator Joseph M. Kyrillos Jr.; Thomas Arnone, Monmouth County Freeholder; Maria Maio, HUD Representative; Pamela Moore, PRC Group; Serena DiMaso, Monmouth County Freeholder; Raoul Moore, Senior Vice President, Enterprise Community Partners; Anthony Marchetta, Executive Director, NJHMFA; Anthony P. Fiore, Deputy Mayor of Middletown; Kevin M. Settembrino, Middletown City Council; William Bouw, Treasurer, MSCHC; Catherine Rogers, President, MSCHC; Carmen Peterson, Vice President, MSCHC; Andrew Bane, Director, MSCHC; Ned Hammond, Director, MSCHC.

Since 1994, Community Investment Strategies has been a leading developer of multifamily housing, including 55-plus, senior housing and mixed-use redevelopments, as well as market-rate and affordable housing. The company’s diverse portfolio includes more than 3,000 apartment rental units. CIS has been recognized for its award-winning communities, corporate citizenship and advocacy, as well as its people-first philosophy. A woman-owned business enterprise, the firm is committed to promoting gender and ethnic diversity throughout its own organization as well as the communities in which its projects are located. For more information, visit www.communityinvestmentstrategies.com.

Enterprise works with partners nationwide to build opportunity. We create and advocate for affordable homes in thriving communities linked to good schools, jobs, transit and health care. We lend funds, finance development and manage and build affordable housing, while shaping new strategies, solutions and policy. Over more than 30 years, Enterprise has created nearly 358,000 homes, invested $23.4 billion and touched millions of lives. Join us at www.EnterpriseCommunity.com or www.EnterpriseCommunity.org.

Shore Builders Association of Central New Jersey Awards Barbara K. Schoor with Continuing Service Award

The Shore Builder’s Association of Central New Jersey’s Suzzane Kronenfeld, vice president of associates (center), and Tom Bovino, president (right), present Barbara K. Schoor, vice president of Community Investment Strategies (left) with their organization’s Continuing Service Award at its Member Appreciation Night.

Barbara K. Schoor, vice president of Community Investment Strategies (CIS), a recognized builder of award-winning 55-plus and multi-family housing communities throughout New Jersey, was recognized with a Continuing Service Award by Shore Builder’s Association of Central New Jersey (SBACNJ), during their Member Appreciation Night on September 21, 2016 at Jumping Brook Country Club in Neptune, NJ.

The Continuing Service Award is given out once a year to an active builder member in good standing who has performed a series of activities representative of outstanding achievement over a five year period.

“Barbara and I grew up in the industry together. She is a consummate professional with an extraordinary eye for the details.” said Tom Bovino, President of SBNJ.

“We are very proud that Barbara has been recognized for her long-term commitment to the industry,” said Christiana Foglio, Founder and CEO of Community Investment Strategies. “She is a true leader in the field and has been instrumental in the success of our many communities in central New Jersey.”

Photo: The Shore Builder’s Association of Central New Jersey’s Suzzane Kronenfeld, vice president of associates (center), and Tom Bovino, president (right), present Barbara K. Schoor, vice president of Community Investment Strategies (left) with their organization’s Continuing Service Award at its Member Appreciation Night.

Summer Reading Program a Success!

IMG_3542

For 30 children at a number of our multi-family communities, this summer has been an especially rewarding one.

Recognizing the tremendous impact reading has on today’s youth, earlier this year we partnered with BEAM Housing Services, a non-profit corporation that coordinates social and educational services for affordable housing communities, and the Bridges of Books Foundation to introduce youth-focused libraries into several of our multi-family communities.

With the support of BEAM, children from Whitney Crescent, Windsor Crescent, The Gardens at Birmingham, Tanyard Oaks and Oaks at Weatherby properties had the opportunity to utilize the libraries during a 6-week literacy program to build their reading skills while also completing summer reading assignments. The program, introduced by BEAM two years ago, began with the goal of reducing summer reading loss and advancing reaching achievement for economically disadvantaged children.

Led by qualified instructors, the program engaged children in second through seventh grades in literacy building exercises, creative reading-related activities and book reviews. The 30 students who participated not only finished their school summer reading requirements successfully, but they also read additional books for pleasure.

Upon completion of the program, the children’s accomplishments were awarded with a celebration during which they received an e-reader and gift cards in recognition of their hard work and to encourage them to continue reading in their daily lives.

It is our hope that by fostering a love of reading in children, they will discover that a world of adventure is available at fingertips when they pick up a book. Congratulations to all of the children who participated in the summer reading program and thank you to BEAM for helping us make this valuable program possible.

 

 

Join us in Welcoming Heritage Village at Oakhurst!

OCEAN-village-lg

CIS is excited to announce its newest 55+ community, Heritage Village at Oakhurst. This modern and eco-friendly location offers 93 apartments in a four-story, Energy Star Certified building. What more could you ask for with brand new apartments located so close to the beach?

At CIS, we are proud to be Stronger than the Storm and qualified Hurricane Sandy victims will be given priority leasing for the first 90 days. Heritage Village is pet friendly for dogs and cats 25 pounds and under, so you do not have to worry about leaving your small furry friend behind.

Heritage Village at Oakhurst has many great community amenities, including a fitness center, health and wellness center, elevators, handicap accessibility, outdoor patios and a library, to name a few. Members of the community will also receive 24-hour on-site emergency maintenance and management, as well as a secure key fob and intercom entry.

It is important to reside somewhere that offers local shopping and restaurant options. Heritage Village at Oakhurst is close to many wonderful dining locations, like Piccola Italia, Ichiban Japanese Hibachi Steakhouse and Eastern Empire Restaurant. If you are looking for a smaller, cheaper option, there are numerous highly-rated pizzerias nearby, or you can opt for a quick choice, such as Panera Bread. Heritage Village at Oakhurst is also conveniently located close to shopping essentials like BJ’s, Costco, Target and the Monmouth Mall.

Fill out an application today at http://www.cis-hvoakhurst.com/, or give us a call at (732) 493-6454. Heritage Village at Oakhurst is set to open in August 2016, so why wait to reserve your spot? Your newest beach destination may be just a click away.

CIS Communities Summer Reading Club – SWAG – Students with a Goal

SWAG instagram signup4

SWAG – Students with a Goal

It is finally summer.  The weather has broken and it is warm and beautiful every day.  It is staying light out later each day and we are all rushing home from work to spend time with our kids outside.  Now that the kids are out of school, our weekends will be filled with trips to amusement parks and barbecues with friends and families.  It is a great time of the year.  For kids, summer is an interesting time.  No school each day leaves a ton of time for kids with minimal or no real supervision.  This could be a scary time for parents.  We all want our children to be safe and spending time with positive influences whenever possible.  These are the ideals that fuel a program such as SWAG.

SWAG is simply “Students With A Goal”.  A goal to learn.  A goal to spend at least a part of their week with positive, stable influencers from the community.  Also a time to have fun with friends in a stimulating environment.  Most importantly this is a way for them to be accountable.  Each year, students receive a summer reading list.  Even though when I was a child I loved to read, I neverwould have completed my reading list without a push.  This is that push.  Students must present their summer reading list and choose one book at a time they would like to read.  They will then meet once a week for just a few hours to read together as a group.  There will be teams and some competition to encourage the kids to work together and get points.  Points will be awarded for winning games, good behavior and number of books read.  Points can also be taken away for bad behavior.  Rewards will be small during the course of the program, like snacks etc., but it will build a sense of accountability and teamwork with the children.

Students that successfully meet all the criteria of the program will be given an Amazon Kindle at the end.  The Kindle will be preloaded with hundreds of books.  This is an amazing opportunity.  I can’t think of a better way to have your children spend a part of their summer.  Reading builds leaders.  Every great leader I know reads, and they read a lot.  It is such a great way to learn.  We encourage you to check out this program for your children this summer and participate in SWAG.  You won’t be disappointed and neither will they.  They will get to keep in touch with friends during the summer and make some great new ones.  They will get their reading lists completed with a little push and they will learn a great deal about accountability and teamwork.  For just a few hours a week, this is a great experience.  Once they get their new Kindle, they may really embrace reading and we can help build our next generation of leaders.  Come join us and get your SWAG on.

 

For more information about the SWAG program or to sign your child up, please click here: http://www.communityinvestmentstrategies.com/swag-summer-reading-program/