HOGAR and Jamison Commercial RE sign long term deal to work together to develop affordable and supportive housing for New Yorkers.

Jamison Commercial RE has signed a long-term agreement to serve as real estate consultant to HOGAR, Inc., a Bronx-based nonprofit, supporting the organization’s plans to expand affordable and supportive housing throughout New York City.

Under the agreement, Jamison Commercial RE will advise HOGAR on property acquisitions and financing and provide owner’s representative services. On selected projects, the firm may also serve as HOGAR’s fee developer, helping guide development on the organization’s behalf.

Under the leadership of President Ed Poppitti, HOGAR has grown from a small neighborhood grassroots effort into an organization dedicated to helping New Yorkers find safe, stable homes and the support they need to live with dignity. HOGAR’s expansion reflects a commitment to individuals and families struggling with housing insecurity, including people whose health and personal circumstances require specialized services. Through affordable and supportive housing projects of all sizes, HOGAR seeks to give more New Yorkers a place to call home and a foundation for greater independence.

“Our goal is to bring more affordable homes to New Yorkers and expand supportive housing for people who need services to live with stability and dignity,” said Ed Poppitti, president of HOGAR. “Working with Jamison Commercial RE will give us additional real estate expertise as we identify opportunities and move projects from planning toward development.”

“A safe, stable home can change the course of someone’s life,” said Jamison Weiner, president of Jamison Commercial RE. “We are proud to support HOGAR’s work and help create homes where people can find stability, access essential services and build a better future. In addition to our ongoing sourcing efforts for HOGAR, we are hopeful that owners and brokers alike will bring us unsolicited, off-market land and property investment opportunities that could help advance this mission.”

The long-term agreement provides a framework for ongoing collaboration as HOGAR evaluates new development opportunities. Jamison Commercial RE’s involvement will be tailored to the needs of each project and the services required to advance HOGAR’s objectives.

HOGAR Eagle Gardens at 893 Eagle Avenue

HOGAR is developing Eagle Gardens at 893 Eagle Avenue, at the corner of East 161st Street in the Morrisania section of the Bronx. The planned 11-story building will contain approximately 65,400 gross square feet, including cellar and sub-cellar levels, and 83 units: 50 supportive apartments for people experiencing homelessness who are living with HIV/AIDS, 32 affordable apartments for low-income individuals and families, and one superintendent’s apartment.

The project will combine housing with on-site services, including case management, life skills training, and connections to health care. Planned amenities include a tenant lounge, multipurpose room, common laundry, bicycle storage and a landscaped rear yard. The all-electric development will pursue Passive House certification. Jamison Commercial RE is acting as HOGAR’s owner’s representative, advising the organization as it advances the project. Total project capitalization is projected at approximately $61.64 million.

 

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