News: Brokerage

Concern Housing receives grant from The Home Depot Foundation

Volunteers from Concern Housing and the Home Depot Foundation Assemble to use a $2,400 grant to build new planters and flower boxes at Liberty Station in Port Jefferson Station

Port Jefferson Station, NY Volunteers from Concern Housing and Team Depot, the Home Depot’s associate volunteer force, assembled to beautify the property of Liberty Station by building planters and improving gardens. Concern Housing, a non-profit agency committed to helping individuals and families obtain truly affordable, quality housing, is proud to have received a more than $2,400 grant from The Home Depot Foundation to make the work possible within the community that was specifically developed to provide low-cost housing and complimentary accommodations for veterans and other individuals with disabilities.

“Concern Housing is honored to receive this grant from The Home Depot Foundation and is proud to have a community partner that values the importance of improving accommodations for underserved portions of the population,” said Ralph Fasano, executive director of Concern Housing. “Grants, such as this, allow us to continue bettering our facilities while ensuring we can keep rents truly affordable. Thank you to all of the volunteers from our organization and The Home Depot.”

for their commitment to this community.”

Liberty Station’s 77 affordable homes sit on sprawling grounds, providing residents with walking paths and many outdoor sitting areas to congregate and interact with other community residents. With the grant award, residents will be able to enjoy more greenery and improve upon outdoor aesthetics with multiple new flower beds.

“Since 2011, The Home Depot Foundation has invested more than $400 million in veteran causes and improved more than 50,000 veteran homes and facilities. We’re proud to continue this mission through our support of Concern Housing as they work to provide affordable housing to those who served our country and other community members in need,” The Home Depot Foundation said.

Liberty Station, a destination for truly affordable rents, comprises six, two-story buildings that contain one-bedroom units and two-bedroom units. 25 of the apartments are reserved for veterans, 20 additional units are given preference for veterans and the remaining units are for individuals making less than 50 percent of the Area Median Income.

To ensure the quality of living for residents, the community also provides residents with access to private parking lots and amenities such as a fitness center, a library and a computer room.

Additionally, staff offices are on-site so that staff members can be available to help resolve any issues or needs. Residents also benefit by being in close proximity to major bus routes as well as the Port Jefferson LIRR station.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.