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 it 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 plagued 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 achieved 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 the residents.
Redevelopment A Tool For Revitalizing
Above everything else, make a positive impact on the people and communities we serve.