Over the next six to 12 months, NHDC plans to substantially rehabilitate the property by making changes to both the units and the property itself.
For more information about NHDC, contact their offices at 909-291-1400 or visit them on the Web at www.
Ridgeview is as important to NHDC
as it is to the community of Levy," said Arnoldo Resendez, chief operating officer of NHDC
NHDC will employ Lincoln Property Company, a property management firm, to provide on-site management, with oversight from Martha Supnet, NHDC's vice president of property management.
With this acquisition, NHDC has purchased and preserved the affordability of more than 3,500 rental units nationwide, including properties in California, Colorado, New Jersey, Oklahoma, Texas and West Virginia.
Ronald Wallace brings to NHDC more than a decade of experience in financing and underwriting of multifamily housing," said Lisa Castillo, NHDC's vice president, project management.
NHDC is a nonprofit corporation whose mission is "to preserve affordable housing in partnership with local communities, empowering individuals and revitalizing neighborhoods.
NHDC donated $10,000 in start-up funding, according to Christopher Hilbert, NHDC's chief financial officer.
5 destroyed 14 apartments at Countryside Village, a 182 units NHDC property in Humble, Texas.
, Powers will be responsible for managing the financial and accounting functions of the non-profit organization with specific responsibility for NHDC
's real estate acquisition and property management divisions.
She said NHDC
was working with the Federal Emergency Management Agency (FEMA) to provide temporary housing for all displaced residents.
With this acquisition, NHDC
has purchased and preserved the affordability of more than 3,400 rental units nationwide, including properties in California, Colorado, New Jersey, Oklahoma, Texas and West Virginia.