NHS DEVELOPMENT CORPORATION


OVERVIEW OF NHS DEVELOPMENT CORPORATION

NHS Development Corporation (NHSDC) is a subsidiary of Neighborhood Housing Services of Jamaica (NHSJ). Our mission is to ensure the long-term economic stability of our community by providing affordable housing and other economic development opportunities to low-and moderate-income households.

Due to the severe housing crisis, NHSJ decided to renew its focus on affordable housing, by reactivating its Development Corporation. As many of us know, the recent foreclosure crisis, coupled with Super Storm Sandy, resulted in many dilapidated and abandoned properties in our community. Left unaddressed, our neighborhoods would erode, becoming places where blight flourishes and property values decline.

This new reality calls for focused strategies to restore some of these properties so that they could be sold at affordable prices to low-and moderate- Utilizing subsidies from New York State Homes and Community Renewal and New York State Affordable Housing Corporation, along with donations and support from our partnering banks, foundations and local elected officials, we are able to purchase properties, rehab and sell them to low-and moderate-income households at affordable prices. Many New Yorkers spend more than one-third of their incomes for housing costs, and at NHSDC, we strive to help alleviate this housing burden. Our small team of experienced staff members facilitates and executes development projects that keep our underlying values of professionalism, community involvement and a commitment to utilizing green and energy efficient technologies at the forefront of what we do.


ACQUISITION AND REHAB PROGRAM

NHSDC’s goal is to acquire and renovate properties in partnership with government and the private sector. One of the recent projects that we completed is a gut-rehab of a two-family property that we outfitted with a new roof, windows, floors, siding and stainless steel appliances. We purchased this property from Star of the Sea, another nonprofit organization, layered it with subsidies and sold it to a moderate-income family at a very affordable price. At the ribbon-cutting ceremony last June, the homeowner was quoted as saying, "I cannot explain how good we feel for being able to buy our dream home – I don’t know what we would have done if we did not find out about Neighborhood Housing Services."







WORKFORCE DEVELOPMENT PROJECT - RENTAL APARTMENTS

In partnership with The Arker Companies and Slate Property Group, we are co-developing an 89-unit affordable, new construction hi-rise apartment building. This Workforce Development Housing Project will create affordable rental-units with ground floor retail space and amenities. We expect to break ground within a couple of months. We are extremely excited to be able to bring this vital resource to the community to help solve some of the housing crisis in Southeast



REAL RESTATE RESOURCE CENTER

The Real Estate Resource Center acts as a clearinghouse to provide resources for tenants and homeowners to assist them with fulfilling their goals:

  • Information on applying for property tax-abatements
  • Information on affordable apartments within the five boroughs
  • Referrals to reputable Real Estate Agents
  • Information on Fair Housing Laws

  • At NHSDC, we are committed to making a positive difference in our community and we are confident that with the support of our Partners and Local Elected Officials, we will do just that.

    BOARD & STAFF

    Lolet Ayhee-President
    Karen Williams Nelson-Vice President
    Selwyn Atherley-Treasurer
    Deborah Johnson-Secretary
    Karen Gray
    Kevin Livingston
    Edward Odom
    Marie Pedraza
    Rodney Pride
    Helen Maxwell, Director, NHS Development Corporation
    Lori Miller, Interim Executive Director, Neighborhood Housing Services of Jamaica, Inc.
    Cathy Mickens, Executive Director, Neighborhood Housing Services of Jamaica, Inc.
    Tayyab Buksh, Director, Construction Services
    Shoma Cooper-Fiscal Manager
    Tannia Gordon-Loan Officer
    Kimberley McLean-Staff Attorney


    CONTACT INFORMATION

    NHS DEVELOPMENT CORPORATION
    114-02 GUY R. BREWER BLVD., ROOM 216
    JAMAICA, NY 11434
    (718) 517-6645 (PHONE)
    (718) 658-0457 (FAX)
    Email: helen.maxwell@nhsj.org