HDC Administrator
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HDC Administrator updated their profile
Oct 16, 2012
HDC Administrator posted a blog post

HDC MidAtlantic dedicates Ruoff Tower, preserves senior housing

LANCASTER – Housing Development Corporation MidAtlantic Oct. 28 celebrated the completion of $5.6 million in renovations at Lancaster House South by dedicating and renaming the building Ruoff Tower after the late Edmund Ruoff, who served as HDC’s president from 1976 to 1998.The ceremony capped a year’s worth of construction that included renovations of all 20 handicapped accessible apartments, upgraded kitchens in many apartments, new ceiling tile, fresh paint, new carpet and air conditioning…See More
Nov 9, 2011
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HDC Administrator posted a blog post

Saving an obsolete HUD senior property from insolvency and keep affordable units affordable

By Tara Mizrahi, Vice PresidentAffirmative Investments Affirmative Investments and Presbyterian SeniorCare worked together in 2010 to recapitalize and reconfigure York Commons, an aging and obsolete elder HUD property in the Lawrenceville community of Pittsburgh, to save it from insolvency and preserve affordable units. Read the full case study here:…See More
Mar 15, 2011
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HDC Administrator posted a blog post

Raising equity with 9% Low Income Housing Tax Credits

By Brian Poulin, Principal, Evergreen Partners, LLC, and Arnold Heller, High Swartz, LLPAlpha Particles Limited Partnership, an affiliate of Evergreen Partners LLC based in Portland, Maine, purchased Rutherford Park Townhouses, located near Hummelstown, Dauphin County, Pa. The facility consists of 11 separate townhouse buildings containing in the aggregate 85 townhouse units, built in the early 1980s. To purchase and recapitalize the property, and to provide funds for a much needed renovation…See More
Feb 25, 2011
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Feb 25, 2011
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Feb 7, 2011
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Jan 25, 2011
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The Pennsylvania Problem

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Jan 10, 2011
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Jan 7, 2011
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HUD Resources

Sep 3, 2010
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Aug 25, 2010
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The Big Banquet at Scheffey Integrated Marketing

August 27, 2010 from 9pm to 11pm
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus at leo sapien. Proin semper erat in quam vehicula eu cursus magna volutpat. In condimentum tortor nec dui elementum lobortis. Nunc ut nunc purus. Aliquam purus arcu, auctor vitae condimentum a, luctus at risus. Suspendisse sit amet sem enim, id vulputate mauris. Quisque augue eros, pretium eu pretium sit amet, interdum quis ipsum. Nam ut nulla imperdiet quam rhoncus interdum ut quis felis. Aliquam sodales scelerisque risus ut…See More
Aug 24, 2010
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Case Study #1

Aug 24, 2010
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Aug 24, 2010
HDC Administrator posted a blog post

HUD 202 Refi/Rehab

Read Full Case StudyLancaster House South (“LHS”) is located at 315 North Prince Street in Lancaster, PA.  The facility consists of an 11-story, 150-unit apartment building for elderly and disabled residents which was built in 1979.  The first floor of the building also includes leasing/management offices and several community rooms.  The building was in fair to good condition but has felt the effects of 30…See More
Aug 24, 2010
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HDC Administrator's Blog

HDC MidAtlantic dedicates Ruoff Tower, preserves senior housing

LANCASTER – Housing Development Corporation MidAtlantic Oct. 28 celebrated the completion of $5.6 million in renovations at Lancaster House South by dedicating and renaming the building Ruoff Tower after the late Edmund Ruoff, who served as HDC’s president from 1976 to 1998.

The ceremony capped a year’s worth of construction that included renovations of all 20 handicapped accessible apartments, upgraded kitchens in many apartments, new ceiling tile, fresh paint, new carpet and air…

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Posted on November 9, 2011 at 3:00pm

Saving an obsolete HUD senior property from insolvency and keep affordable units affordable

By Tara Mizrahi, Vice President

Affirmative Investments

 

Affirmative Investments and Presbyterian SeniorCare worked together in 2010 to recapitalize and reconfigure York Commons, an aging and obsolete elder HUD property in the Lawrenceville community of Pittsburgh, to save it from insolvency and preserve affordable units. Read the full case study here:…

Continue

Posted on March 15, 2011 at 10:30am

Raising equity with 9% Low Income Housing Tax Credits

By Brian Poulin, Principal, Evergreen Partners, LLC, and Arnold Heller, High Swartz, LLP

Alpha Particles Limited Partnership, an affiliate of Evergreen Partners LLC based in Portland, Maine, purchased Rutherford Park Townhouses, located near Hummelstown, Dauphin County, Pa. The facility consists of 11 separate townhouse…

Continue

Posted on February 25, 2011 at 10:30am

Retrofitting multifamily apartment buildings could be a "magic pill"

Late last year, the Urban Institute published a paper that offers a solution to save $1 billion by retrofitting multimfamily apartment buildings and making them more efficient. Per the executive summary, "This paper posits that there is already available to the federal government a 'magic pill' offering the possibility of over $1 billion in annual savings, improved longevity, health, affordability, and thousands of new jobs."

 

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Posted on February 7, 2011 at 4:00pm

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