MAESTRO                            RESUME

Formed in 2003, Maestro Community Development Corporation has stamped its footing as the development subsidiary of the City of Long Branch Housing Authority.  After initially overseeing a $137 Million Hope VI Redevelopment Project including four (4) phases of 289 mixed income and market rate units, Maestro then took on a role as a partner and co-developer in the last four phases of the project.  

These completed projects included accepting a $170,000 COAH allocation for affordable housing in Phase I at Garfield Court from the Applied Development Company; building 68 mixed income units at Garfield Court Phase II with a $15 million 2009 NJHMFA Tax Credit Award, as well as the development of eight (8) homeownership units and the construction oversight of the $3 million, 13,000 square foot Adam “Bucky” James Community Center.

Maestro is currently negotiating two Rental Assistance Demonstration (RAD) acquisitions for mixed finance conversion of a troubled public housing authority, a partner in a redevelopment application to manage Section 3 and community outreach and a co-developer on two projects under construction, the redevelopment of Woodrow Wilson Homes and the Historical Rehabilitation of the Former Gregory School.

·         Woodrow Wilson Homes is a 174 family unit, three (3) phase project, which received  NJHMFA tax credit awards in 2011, 2012 and 2013, totaling $47 million.

·         The Former Gregory School is 117 senior unit, two (2) phase project, which received  NJHMFA tax credit awards in 2011 and 2013 totaling $27 million.

Maestro was also awarded several Federal Home Loan Bank of New York grants for each of the projects noted.

 

REFERENCES:

Howard Woolley
City of Long Branch Business Administrator
732-571-5645

Congressman Frank Pallone
NJ 6th District Representative
732-571-1140

Timothy Henkel
Pennrose Properties, LLC
267-386-8600

Jacob Fisher
Pennrose Properties, LLC
267-386-8670

William Parkhill, P.E.
MidAtlantic Engineering
609-910-4450

Zachary Lewis
Lewis Consulting Group, LLC
732- 276-2420

Alex Morris
WRT LLC
215-430-5018

Dave M. Stembel III
Barton Partners, LLC
610-930-2800

Charles M. Lewis, Esq,
Conifer Realty&Development
(585 )
324-0500

Stuart Portney, P.P., President
Metro Company
(201) 435-6500

Glen Scotland
McManimon & Scotland

(609) 278-5779

 

Lester Taylor, Esq.
Florio, Perrucci, Steinhardt & Fader L.L.C.
(732) 83-5858

Tyrone Garrett, Executive Director – Maestro Community Development Corp.
(732) 222-3747 x124

 

     

PANELIST: NJ League of Municipalities Public Housing Revitalization; New Reality for Public Housing Authorities as Developers/Rutgers Public Housing Redevelopment Forum

AWARDS:

2013       Brookdale’s Community College Service Award - TyG

2012       National Association of Negro Women’s Business Club Economic Development Award - TyG

2011       Long Branch Chamber of Commerce Public Venue Award -Maestro

2011       Long Branch Chambers of Commerce Libutti Economic Award for Redevelopment – TyG

2011       KJ525 Government Award – TyG

2011       New Jersey Governor’s of Excellence in Housing Award for Best Neighborhood Revitalization - Maestro

2010       Leeds Silver Certified Hope VI Development - Maestro

2010       Monmouth County Planning Award for Architectural Design -Maestro

2010       Federal Home Loan Bank of New York $610 Million Affordable Housing Grant - Maestro

2008       NAACP Government Award - TyG

 CURRENT PROJECTS UNDER CONSTRUCTION:

Homeownership

            Eight (8)  Three Bedroom subsidized Townhomes: Purchase price between $148,000 and 168,000
Completed in March of 2013

Woodrow Wilson Homes – Total 168 Units

Phase I: 65 Units:  To be completed by October 2013 – 2010 NJHMFA $16 Million Tax Credit Award
Phase II: 57 Units: To be completed by January 2014 – 2012 NJHMFA $16 Million Tax Credit Award
Phase III: 52 Units: To be completed by June 2014 – 2013 NJHMFA $15 Million Tax Credit Award

The Gregory School and Maestro (Garrett) Homes Annex – Total 117 Units

Phase I: To be completed December 2013; 2011 NJHMFA $14 Million Tax Credit Award, in addition to a Historic Preservation Tax Credits
Phase II:  To be completed July 2014; 2011 NJHMFA $13 Million Tax Credit Award


 

MAESTRO REDEVELOPMENT MANAGEMENT AND MAINTENANCE

                    Housing,                    Construction,                       Future Renderings


 

 

Administration Building
2 Hope Lane
P.O. Box 337
Long Branch, NJ 07740
Phone:(732) 222-3747 Fax:(732) 222-1809

 

                                                                                                                                                      ©2013 All Rights Reserved. • Long Branch Housing Authority •