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.