"It is not easy to do, but savvy firms with the ability to design and implement creative capital structures and access private capital can navigate this complex process, ultimately delivering high-quality affordable housing that will benefit the community for generations. Like other major cities, New York City is a difficult place to convert market-rate housing to affordable, and the opportunities to do so must be carefully managed," said Steven Kahn, who is responsible for Standard Communities’ acquisitions in New Jersey and Pennsylvania.

"Housing on Merit and Standard Communities have a unique approach to public-private partnerships. Through their collaboration with numerous public agencies to create, preserve, and improve workforce housing nationwide, Standard and HOM seek out affordable housing locations where they can enhance both the physical property and the quality of life for residents."

Affordable Housing Finance has recognized Standard Communities as one of [...]

“The expansion of affordability and extensive renovation at Fort Chaplin Park Apartments was done with the goal of providing the residents and community high-quality affordable housing with desirable features, amenities, and services in a very high opportunity neighborhood,” said Scott Alter, co-founder and Principal of Standard Communities.

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