
EMET Puts Projects Together and Delivers Success
The real estate development community often calls on EMET to
consult on issues concerning acquisition, feasibility, development,
finance, construction, management and social services.
On any and every project, EMET determines the best strategy to
fulfill the needs of all involved parties and balance their many perspectives. With an expertise for spearheading plans of action,
EMET creates and implements project plans to deliver results.
The Paterson YMCA was a building which was deteriorating both in
its physical and financial conditions. Ron assembled a development
team which included the YMCA organization, grant writers, architects
and financial advisors. Approximately $8,000,000 in rental assistance
was obtained from HUD over a 10 year period, $2,000,000 in grants
and over $1,000,000 in loans.
The property was renovated, became fiscally sound and became a model facility in providing supportive
housing for 200 homeless individuals.