Redevelopment is the replacement, rehabilitation, or repurposing of existing improvements on an already developed site. One of the primary reasons we focus on rehabilitating existing properties is that is often easier and faster than gaining approval to develop a new property from the ground up.

Redevelopment is one of the most effective ways to breathe new life into blighted areas that are plgued by a variety of social, physical, environmental and economic conditions. These conditions act as a barrier to new investments and result in a lower standard of living for residents.

However, redevelopment does not happen overnight. It takes a lot of work and careful planning. It is essential we make the right choices so that the objectives of the plan can be achieves efficiently and cost effectively. Making sure all the i’s are dotted and all the t’s are crossed.

In fact, when we consider a redevelopment of an affordable housing project we always identify and compare all options to determine which option will be the best for the community and residents.