The NRP Group Hires Hennessey to Help Spark Northeast Affordable Housing Projects
Hennessey served for more than a decade at Community Investment Strategies of Lawrenceville, NJ as project coordinator where she had direct involvement in the development, construction and management of more than 2,000 affordable homes throughout New Jersey.
NEW YORK CITY—Samantha Hennessey, an expert in affordable housing development in New Jersey, has joined The NRP Group to help accelerate the multifamily housing developer’s affordable housing development efforts in the Garden State and the rest of the Northeast.
Hennessey, who currently is a board director with the Affordable Housing Professionals of New Jersey, served for more than a decade at Community Investment Strategies of Lawrenceville, NJ as project coordinator where she had direct involvement in the development, construction and management of more than 2,000 affordable homes throughout New Jersey.
She joins Cleveland-based NRP Group as a development associate in the firm’s New Jersey office.
“With her extensive network of professional relationships, deep knowledge of New Jersey affordable housing, and personal commitment to the work, Samantha is sure to prove a key addition to the team,” says NRP Group VP of development Jonathan Gertman. “Having Samantha on the team significantly advances our goal of providing exceptional rental opportunities to residents of the region, regardless of income.”
In her new role, Hennessey will leverage her experience in all aspects of project development, including due diligence, land closings, financial underwriting, permitting, architectural and engineering design, grant writing, RFP submissions, construction administration and professional oversight. She also has considerable expertise with the Mount Laurel Doctrine, the Low Income Housing Tax Credit Program (LIHTC), and other affordable housing programs and initiatives, including the Federal Home Loan Banks program and Community Development Block Grant program, the company states.
“Samantha brings a wealth of knowledge about New Jersey’s affordable housing market, and I’m thrilled to see what she’ll accomplish with the full support of The NRP Group behind her,” says NRP Group CEO and co-founder J. David Heller. “I’m confident Samantha will thrive and grow in this exciting new role, and through their efforts New Jersey will benefit from the positive growth in affordable housing.”
Earlier this month, The NRP Group, announced it will partner with The MetroHealth System and CCH Development Corp. to develop a mixed-use community in Cleveland’s Clark-Fulton neighborhood.
The innovative public-private partnership will strengthen and revitalize Cleveland’s west side by filling a need for high-quality housing and supporting MetroHealth—a major city employer and health provider — in its ongoing effort to revitalize an oft overlooked part of the city. The development will include more than 250 affordable and market-rate apartments as well as an Economic Opportunity Center.
In late June, The NRP Group, broke ground on The Residences at Cornerstone, a 76-unit affordable housing apartment community in the Euclid-Green neighborhood on Cleveland’s East Side.
Since its founding in 1994, NRP has delivered more than 35,000 apartment homes and currently manages more than 19,000 residential units.