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