Hoboken, NJ Rockabill, a leading consultant and development partner for the affordable and supportive housing industry, announced that the firm has elevated Rebekah Taft to vice president where she will oversee a variety of transactions ranging from the preservation and construction of supportive housing to the rehabilitation of shelters.
“Over the past year and a half, Rebekah has become an invaluable member of our team,” said Katie Devine, principal, Rockabill. “Through her work with Rockabill’s nonprofit clients, Rebekah has demonstrated her commitment to innovative, equitable community development. Small or large, new construction or preservation, Rebekah takes a proactive, solutions-focused approach to every project, and is clearly dedicated to improving the quality and supply of affordable and supportive housing in the tri-state area.”
Since joining the firm 18 months ago, Taft has led several notable projects, including the $38 million transformation of an illegal Upper West Side hotel into permanent supportive housing in partnership with Goddard Riverside Community Center and the $20 million preservation of New York City’s first supportive housing project with St. Francis Friends of the Poor.
Prior to joining Rockabill, Taft was a senior project manager at Neighborhood Restore HDFC, a New York-based nonprofit focused on transitioning properties from financial and physical abandonment to responsible third-party ownership.
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,