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We're excited to share that WinnDevelopment?s East Haven, CT, project, The Tyler, has been nominated for the Affordable Housing Finance (AHF) Magazine?s Readers' Choice awards! The Tyler is a finalist in the Best Green Development and Best Overall Development categories. This adaptive reuse project provides critically-needed mixed-income housing for seniors and is the first-of-its-kind to utilize historic rehabilitation tax credits and will meet the stringent The International Passive House Association standards for energy efficiency. Learn more here:
WinnCompanies succeeds when our people do. That’s why we constantly strive to offer benefits that help our people balance the needs of their families, communities and health. We offer benefits including health & dental plan options, generous time off and paid holidays, 401(k) and education reimbursement opportunities that’s best for you and your family. You can more about our benefits at winnebenefits.com, here:
Urban Land Institute has released a new report on public-private partnerships in the development of green spaces. "Successful Partnerships for Parks" includes case studies and examples of partnerships supporting park development and operations, and distills lessons learned from these projects to inform potential partnership arrangements. Among these projects is the Spicket River Greenway in Lawrence, MA, improved through the adaptive reuse development of mixed income housing at Loft Five50. Check out the report here:
Congratulations are in order for Timothy Santucci, who has been promoted to Senior Vice President of Asset Management of WinnCompanies. Tim joined WinnCompanies exactly 20 years ago as a Maintenance Technician and rose through the ranks of the organization, most recently serving as Vice President of Finance. In his new role, Tim will oversee strategic planning for the stabilized portfolio owned by WinnCompanies, which currently features 118 properties in 12 states and the District of Columbia, encompassing 14,777 apartments across all income categories and almost 755,000 square feet of commercial space. You can read our news release below.
Juneteenth last week marked the 155th anniversary of when slaves in Galveston, Texas, first learned of the Emancipation Proclamation. Their celebration began a legacy that has been handed down across five generations of African Americans. In recognition of this holiday, WinnCompanies made a donation on behalf of its team members to the NAACP Boston Branch. The company also has empowered its Diversity Committee to renew and expand its mission and membership with new focus, including actively gathering ideas from its employees on actions that WinnCompanies can take to better reflect the values of its multicultural workforce.
WinnCompanies has closed on financing for a $38.3 new construction project in downtown Lowell, MA. The development, scheduled for completion in early 2020, will be a true mixed income community, featuring 54 workforce apartments renting at 100% of Area Median Income (AMI), 39 affordable units renting for up to 60% of AMI, and 32 apartments available at market rates. This will be the fifth workforce housing project built by WinnDevelopment in the past two years.
WinnCompanies CEO Gilbert Winn issued a statement to the company's 3,700 team members, describing the death of George Floyd as a murder and discussing the impact the incident has had on our company and communities. “We stand with our fellow citizens. WinnCompanies does not and will not tolerate racial injustice,” Winn said. You can read his full statement here:
Congratulations to our fabulous team at Chestnut Park Apartments, an affordable housing community, managed on behalf of Landex Development, in East Orange, New Jersey. Chestnut Park was selected as the Winner for the 2020 Best of East Orange Awards in the category of Real Estate Management! The East Orange Award Program was created to honor and generate public recognition of the achievements and positive contributions of businesses and organizations in and around East Orange. Well done, team!
May is officially recognized as Mental Health Awareness Month, and now more than ever, it’s crucial that we shine a light on the importance of prioritizing mental health. Community Coordinator Valarie Ellerbie of Samuel Kelsey Apartments, a community for seniors in Washington, DC, decided found a way to connect with residents in a safe manner. She posted encouraging posters in the community's enclosed bulletin and pinned flyers, next to hand sanitizing stations, with positive messages for her residents to tear off and carry with them. Thank you to Valarie for your creativity and commitment to the residents at Samuel Kelsey and to Regional Manager of Connected Communities Lopa Shah for sharing this story. We truly are all in this together.
Funding is in place for the Gordon H. Mansfield Veterans Community in Tinton Falls, New Jersey! This development is a joint venture between Soldier On and WinnDevelopment and will deliver 70 single-occupancy units of supportive housing for homeless and formerly homeless veterans.
