News: Brokerage

Omni and Watervliet Housing Authority win Green Preservation Project of the Year

Omni Housing Development LLC of Albany and the Watervliet Housing Authority have won the Green Preservation Project of the Year Award from the New York State Association for Affordable Housing (NYSAFAH). "Van Rennsselaer Village is a model for sustainable, affordable housing," said Alison Badgett, executive director of the statewide Association of over 300 profit and non-profit organizations that advocate for highly energy efficient, affordable housing. Watervliet Housing Authority executive director Charles Patricelli said the design team worked vigorously to, "ensure energy-efficient and green materials be used throughout construction so our residents in need of affordable housing weren't going to be hit as hard by the rise in utility costs. We now provide 81 safe and energy efficient affordable housing units to fellow Watervliet residents for the next 30 years." Duncan Barrett, chief operating officer of Omni Housing Development LLC said, "We have been delighted to partner with the Watervliet Housing Authority and NYS Homes and Community Renewal financing in the transformation of Van Rensselaer Village. Critical to the success of affordable housing that benefits working families and the elderly is a development plan that is sustainable and leads to the lowest feasible operating costs—particularly energy costs. At Van Rennsselaer Village we met all those goals and set a superior threshold for the highest accomplishments in future Omni housing projects." The award is presented to the developer that achieves excellence in energy efficiency, design, construction techniques, financing, affordability, community need and supportive services. Since 2001, Omni Housing Development LLC has specialized in the development, financing, construction, and management of affordable housing, collaborating on dozens of community and private projects from 13 senior housing units in New York's Capital District to 692 apartments in Baltimore, Maryland.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of