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.

MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,