Who, Where, How: Mapping Pandemic Rent Aid Across NY

"This is the first landlord company that I've had that has been ready, willing and able to help in any way that they could," Jada, a pseudonym to respect her privacy, said of Wavecrest [Management]. "I know I wouldn't have gotten it if they hadn't done their part."

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The Real Deal

NYCHA closed on $1.4B for housing rehab projects with private partners

MDG Design and Construction and Wavecrest Management are leading the project that will bring $490 million in comprehensive renovations to Williamsburg Houses’ 1,621 apartments and 20 residential buildings.

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NYCHA Forges Public-Private Partnerships on 5,200 Brooklyn Apartments

An MDG Design and Construction and Wavecrest Management partnership, $490 million for Williamsburg Houses in Williamsburg.

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Brooklyn Paper

NYCHA inks deal for $1.4 billion in repairs at Brooklyn properties, bringing them under private management

The Williamsburg Houses will get $490 million to repair 1,621 apartments in 20 residential buildings on the property. The property will be leased over to Wavecrest Management, which will take over property management, and MDG Design and Construction, which will conduct repairs.

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Real Estate Weekly

NYCHA and HDC finalize $1.4B deal for Brooklyn Residents

Williamsburg Houses will receive $490 million in comprehensive renovations to the 1,621 apartments and 20 residential buildings at the property. The PACT partners at Williamsburg are led by MDG Design and Construction and Wavecrest Management. MDG Design and Construction will perform the rehabilitation work. Wavecrest Management is now responsible for the day-to-day management and operation of the property. Social services are being provided by non-profit partners St. Nicks Alliance and Grand Street Settlement, which both have deep experience serving Williamsburg residents.

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Family Day Celebration and vaccine pop-up at affordable housing complex

On Sept. 4, RDC Development, a joint venture between Wavecrest Management and MDG Design + Construction, hosted a carnival-themed family day event for the residents of Betances Houses in the Bronx, home to nearly 3,000 residents.

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Multihousing News

Brooklyn Affordable Project Lands $72M Loan

Plans [for the 160-unit housing project in Brooklyn] call for a seven-story building with affordable units for residents across several income brackets. The community will also reserve 26 supportive units for tenants with developmental disabilities and will provide services including meal planning, computer literacy programs and socialization assistance.

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Bronx Times

Face mask and hand sanitizer giveaway at the Betances Houses in Mott Haven

The supplies, which were donated by Catholic Charities of the Archdioceses of New York and RDC Development, were offered to all tenants of the 39-building, 1,088-unit apartment complex.

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The Real Deal

Who made de Blasio’s real estate reopening council — and who didn’t

Wavecrest's Susan Camerata is one of 30 leaders appointed to the Construction and Real Estate Sector Advisory Council to serve as a liaison to disseminate information about re-opening and provide guidance to shape the City’s response.

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ABC 7 News

Coronavirus News: Catholic Charities hands out 1,600 meals in the Bronx

The 400 boxes of food and bags of produce were handed out outside the Betances Community Center in the Bronx. Each box contained meals for approximately four people, and personal care supplies, household items, and pet supplies were also available.

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Mott Haven Herald


Catholic Charities and RDC Development will join hands Thursday to distribute 400 boxes of food to residents of the 40-building Betances NYCHA Complex in Mott Haven. The boxes, each containing meals for four people, are intended to help families having trouble putting food on the table in the midst of the coronavirus outbreak.

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New York Daily News

Private management can help save NYCHA

Our developments not only look better, they operate better, too. We have new boilers, elevators, roofs and common areas. At Betances, we have brand new kitchens, bedrooms, bathrooms, floors and elevators. The biggest change has been that the properties are kept so clean.

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RAD Breathes New Life Into NYC Public Housing

In November 2018, [Hunt Real Estate Capital] closed on a project in the Mott Haven section of the Bronx called Betances, which is a portfolio of 39 buildings encompassing 1,088 units of public housing. The developers on the project were MDG Design + Construction and Wavecrest Management, both of which have a long history of commitment to affordable housing.

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NBC4 New York

Question Authority Episode 5: Looking Forward

[Visol] Smith [President of Ocean Bay’s tenants association] says the [RAD] conversion’s success is thanks to the management company, Wavecrest. “Management actually works with the resident council, you know, when we talk about certain things they actually listen. They say, ‘okay, let’s see what we can do about that,’” he said. “We had problems with NYCHA. Delays on painting, delays on repairs, stuff like that. Wavecrest turnaround is a lot faster.”

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A revamped Ocean Bay campus transitions away from the traditional NYCHA setup

At Ocean Bay, RDC Development secured $560 million in public and private money to repair apartments and fortify the community from future storms. Residents received new floors, bathrooms and kitchens in their apartments. Workers also revamped lobbies, security systems and exteriors.

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City’s Public Housing Heads Down Privatization Road

On Monday, renovations were completed at Ocean Bay Apartments in Far Rockaway, a New York City Housing Authority development that’s being operated by a private management company through a federal program called Rental Assistance Demonstration (RAD).

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Brooklyn Paper

Pitcher Perfect: More Than 100 Kids From Public Housing Enjoy A Day of Baseball

“They were talking about how baseball, for lack of a better word, kept them out of trouble and urged the kids to work hard and be persistent,” said Susan Camerata, principal of the development company RDC Development — the organization that hosted the all-day event at Montrose Avenue.

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Solar Power World

Bright Power completes 575-kW solar array at NYC apartment complex

Ocean Bay Apartments is shining light on how to combine affordable housing preservation and climate change mitigation. The 24-building, 1,395-unit complex now boasts a 575-kW solar PV system, designed and installed by Bright Power. “RDC Development’s commitment to resiliency, sustainability and long-term affordability enables thousands of Ocean Bay residents to have safe, comfortable and affordable homes,” said Jeffrey Perlman, president and founder of Bright Power.

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New York Times

Nycha Has a New Plan to Clean Up Rats, Mold and Lead Paint: Bring in Private Landlords

“They changed everything,” said Mariam Diabate, holding her 1-year-old daughter, Kadidja, in their converted [Ocean Bay] apartment. Their kitchen has new appliances, and they have had no need to ask for any repairs yet, she said. “It’s nice. We love it.”

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As NYC Public Housing Tenants Suffer, a Glimmer of Hope Emerges

“It’s become a paradise,” Miller, 73, said as she stood in her [Ocean Bay Apartments] kitchen, with its new stainless steel appliances and synthetic granite-lookalike counters. The makeover included a new bathroom, floors, windows and hot-water radiators. “It’s the essence of calling where I live a home. I sleep so peacefully now.”

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