Real Estate Development & Operations

Real Estate Development & Operations

NCC Department of Development is driven by the mission of NCC to improve the quality of life of the residents we serve by creating affordable housing that rebuilds communities and re-creates stable neighborhoods.

The Department of Development enhances neighborhoods by emphasizing a holistic approach to development that never loses focus of a community’s needs or vision. The Department of Development has been active from the beginning of NCC and has a staff well-versed in the development process, including both the financing and construction of facilities that create strength for communities.

Many energy-saving measures are being instituted at New Community’s residential properties. The improvements include the installation of high efficiency boilers, hot water heaters, boiler controls, ventilation systems, variable speed pumps, insulation and weather stripping. These improvements will save thousands, lower our carbon footprint and ensure residents’ comfort for years to come. Funding is provided by federal, state and PSE&G grants and loans.

History of New Community’s Real Estate Development

New Community is New Jersey’s largest nonprofit developer of housing and has more than 45 years of experience in developing, selling and managing affordable housing. While today’s New Community is an all-inclusive provider of services to the community, NCC had its beginnings in the desperate need for affordable and livable housing in the Central Ward of Newark, New Jersey.

The projects that the Department of Real Estate Development pursues include traditional rental and for-sale affordable housing as well as support facilities for the homeless and others requiring safe housing assistance. The creation of these products is driven by the mission of NCC to improve the quality of lives of the residents NCC serves by creating affordable housing that rebuilds communities and re-creates stable and healthy neighborhoods. The Department of Real Estate Development enhances the lives of the residents it serves and neighborhoods by emphasizing a holistic approach to development that never loses focus of a community’s needs or vision.

The Department of Real Estate Development has been active from the founding of NCC and has a staff well versed in the development process including not only financing but also the design and construction of facilities that create strong and healthy communities.

New Community’s first housing development opened in 1975. Today, New Community manages nearly 2,000 units of housing as well as other community facilities that are home to some 4,000 people. The residential projects include rentals for individuals, families and senior citizens, and for sale affordable units.

The Department is currently developing projects that will include 109 rental units on Morris Avenue in Newark and a Safe Haven project for homeless and veterans, and is currently rehabbing hundreds of units of previously developed projects in Essex and Hudson Counties.