Community Investment Strategies Wins Multiple FAME Awards

CIS Team wins at FAME

Bayshore Village Wins Best Architectural Design and Best Public Relations Campaign

FREEHOLD, N.J., March 8, 2018
It was an exciting evening for Community Investment Strategies (CIS), Inc. at the annual Shore Builders Association of Central New Jersey (SBACNJ) Fabulous Achievement in Marketing Excellence (FAME) Awards.

The 80’s themed night kicked off with great food, drink and networking. Encouraged to wear attire from that era, attendees fashioned 80’s classics from leg warmers and high hair to Miami Vice blazers and mustaches.

The FAME awards honor both companies and individual members of SBACNJ for their excellence in marketing accomplishments. Located in Lakewood, SBACNJ is a chartered local chapter of both the New Jersey Builders Association (NJBA) and the National Association of Home Builders (NAHB) and is one of the largest local trade associations in the area.

“We are truly honored,” said Christiana Foglio, owner and chief executive officer of CIS. “Winning for Bayshore Village is especially meaningful because the community is part of the rebuilding effort of the shore communities after Superstorm Sandy, which helped many residents return to their home in Port Monmouth”.

Bayshore Village, a Heritage Village Community and one of CIS’s signature age restricted communities in Monmouth County won two FAME awards – Best Architectural Design and Best Public Relations Campaign. Rebuilt after Superstorm Sandy, Bayshore Village incorporates the latest in energy efficiency practices and is constructed to withstand weather related events. Consisting of 110 apartment homes for income qualified seniors age 62+, the community features modern design, luxury amenities, and a host of activities and services.

Project Manager and Vice President of CIS, Barbara K. Schoor added “Bayshore Village is the culmination of a successful public-private partnership working together with the Township of Middletown to bring back much needed housing for seniors in Monmouth County. Now equipped with essential resiliency features, residents enjoy the best amenity of all – peace of mind.”

Heritage Village at Oakhurst won the FAME award for Best Landscaping of an Affordable Housing Community. The 96-apartment-home community for active adults 55+ features a park like setting with a variety of trees, shrubs, and flowers surrounding the property. Residents enjoy a maintenance-free lifestyle and are close to the best beaches in New Jersey.

In addition, Ivette Landaverry won for Property Manager of the Year. “As property manager of Heritage Village at Oakhurst, Ivette has a remarkable track record of providing exceptional resident relations.” said Jennifer Smyth, Regional Supervisor, CIS Management. “Coupled with her professionalism and passion for success, Ivette is a great asset to the CIS team.” Smyth added.

CIS Management Wins “Management Company of the Year Award” at New Jersey Apartment Association’s Garden State Awards

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CIS Management, Inc., the property management affiliate of Community Investment Strategies (CIS), Inc., a developer and builder of apartment-rental communities throughout New Jersey, received nine (9) awards, at the 28th Annual Garden State Awards Gala held at Ocean Place Resort and Spa in Long Branch, N.J. including the prestigious Management Company of the Year (Affordable) Award.

Sponsored by the New Jersey Apartment Association (NJAA), the Garden State awards recognize achievement among leaders in the rental housing industry. “The caliber of this year’s winners is a true reflection of the level of professionalism our members bring to New Jersey’s apartment industry,” said David Brogan, Executive Director of NJAA. He continued, “This award is direct recognition of CIS Management’s commitment to resident satisfaction and professionalism.”

“We are truly honored to receive the Management Company of the Year Award,” said Christiana Foglio, CEO of CIS. “It is a testament to the hard work and dedication of the entire CIS Management team.”

Three CIS properties won in the Curb Appeal category: Heritage Village at Bloomfield, an 82-unit, active adult community in Bloomfield, NJ; Heritage Village at Oakhurst, a newly opened, 93-unit, active adult community in Ocean Township, NJ; and The Gardens at Birmingham, a 48-unit multifamily community in Ewing Township.

Heritage Village at Bloomfield also won in the Green Building category. A certified ENERGY STAR® Multifamily High-Rise building, the community features state-of-the-art resiliency features including high quality durable exteriors; hurricane rated, impact resilient windows; a superior insulation and weather barrier system; an energy efficient ventilation system; LED lighting; an emergency generator, as well as a bathroom and shower that are accessible during times of extended power loss.

In addition, four CIS Management staff members won individual awards – Joseph Gotti, controller; Michael Randolph, maintenance supervisor; Jennifer Smyth, regional supervisor manager; and Alice Ringus, senior property manager. “To be recognized by NJAA is a big deal in our industry,” said Jennifer Smyth. “They are New Jersey’s premier trade organization for the multifamily rental market with a collective voice of over 400 companies.”

Established in 2004 as an extension of CIS’ “with you for life” philosophy, CIS Management Inc. oversees comprehensive and responsive property management services. Committed to a hands-on, round-the-clock approach, the company provides regulatory compliance; administrative agent services; market repositioning, renovation oversight; contract administration; marketing, leasing and sales services; resident services; social activities programming; senior services; and third-party, facilities, asset and financial management. The talented management team, is responsible for the day-to-day management tasks encompassing more than 3,000 affordable housing units developed and owned by CIS.

CIS receives LIHTC Awards

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CIS is pleased to share the exciting news that the Place at Plainsboro was selected as one of the 29 affordable housing communities awarded 9% Federal Low Income Housing Tax Credits (LIHTC).

As announced, on Friday, August 25, 2017 the 29 projects consist of 2,175 apartments within 14 counties across New Jersey and total approximately $40 million in LIHTC funds.

CIS also received an award of volume cap (4% LIHTC with tax-exempt bonds) and an award of CDBG-DR FRM (Fund for Restoration of Multifamily Housing under Superstorm Sandy Community Development Block Grant – Disaster Relief) for an age restricted community known as Heritage Village at Galloway.

A big thank you to all our staff, professionals, partners, investors, and friends who make what we do possible.

Community Spotlight: Heritage Village at Lambertville

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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

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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.