Development and Financing Partners
Led by Soldier On CEO Bruce Buckley and WinnDevelopment Senior Vice President David Ginsberg, the effort to finance and build the Gordon H. Mansfield Veterans and Seniors Village has earned strong support for an array of public and private organizations in New Jersey and beyond. Here is a look at the project's development and funding partners.
Development Partners
Based in Boston, WinnDevelopment creates or revitalizes high-impact, affordable and mixed-income apartment communities through award-winning new construction and adaptive reuse techniques. Focused on quality over quantity, the company has earned a reputation as a trusted, stable community development partner among local planners, public sector housing agencies and private sector financiers. WinnDevelopment offers integrated asset management services and pioneering environmentally sustainable design and construction.
Organized in 1994, Soldier On, Inc. is a private non-profit organization based in Pittsfield, MA, providing a continuum of programs to ensure that homeless veterans and their families have access to immediate and long-term housing with an array of support services delivered to them where they live. Soldier On’s ultimate goal is to provide formerly homeless veterans with permanent, supportive, sustainable housing – assisting them in their transition from homelessness to homeownership.
Del-Sano Contracting was founded the company in 1975 as a small family business and has grown into a full-service construction company with a half century of experience. Based in West Long Branch, NJ, Del-Sano’s award-winning team offers a spectrum of services across various sectors and project phases. Six core principles are the key to the company’s success: Integrity, teamwork, relationships, safety, continuous improvement and innovation.
Founded in 1962 in Warren, NJ, PS&S has evolved into a unique best-in-class architecture, engineering, surveying, and environmental consulting firm, providing design and consultation services to a wide range of public, corporate, institutional and commercial clients. Ranked among the top national design firms, PS&S is recognized both for its breadth of services and depth of expertise, delivering a single source for planning, permitting and design at the local, state and federal levels.
Financing Partners
The New Jersey Housing and Mortgage Finance Agency (NJHMFA) is providing construction and permanent financing, as well as a Low-Income Housing Tax Credit (LIHTC) allocation.
The New Jersey Economic Development Authority (NJEDA) is awarding state credits through its Aspire Program.
Bank of America is providing construction financing and federal LIHTC and Investment Tax Credits.
Liberty Mutual Insurance is providing capital and bridge financing.
U.S. Sen Cory Booker of New Jersey secured a $900,000 Community Project Fund Grant for the project from the U.S. Department of Housing & Urban Development (HUD).
The Housing Authority of Gloucester County, NJ, is providing Project Based Vouchers.
The Township of West Deptford approved an allocation from its Affordable Housing Trust Fund and a PILOT agreement.
Gloucester County, NJ, provided HOME program funds.
The Home Depot Foundation made a grant award.
