News Feed Item
Congressman Jim Himes Serves as Master of Ceremonies at Ribbon Cutting for $13 Million Renovation of Bayview Towers Apartments
Project undertaken by The NHP Foundation in partnership with the Connecticut Housing Finance Authority, PNC Bank, U.S. Department of Housing and Urban Development, CL&P and the City of Stamford
|By PR Newswire
|August 14, 2014 03:21 PM EDT
NEW YORK, Aug. 14, 2014 /PRNewswire-USNewswire/ -- U.S. Congressman Jim Himes (CT-4), a key congressional supporter of affordable housing initiatives, served as the master of ceremonies for an August 12 ribbon cutting ceremony at Bayview Towers Apartments ("Bayview Towers") in Stamford, Connecticut.
"I am pleased to join the individuals and organizations that made this extensive renovation and today's celebration so successful," Himes said. "This project means that Bayview residents will continue to have access to affordable - and now updated and energy-efficient - housing to support their lives, families, and the Stamford community. It also serves as a fine example of the work that can be accomplished when federal, state, and local governments and private entities partner to support our communities and our people," said Congressman Himes following the ceremony.
The event formally recognized the completion of a $13 million renovation of the 200-unit affordable housing complex. Other dignitaries participating in the program included David Martin, Mayor of Stamford, Gerald Fox, Representative, State of Connecticut House of Representatives, Annie M. Summerville, Representative, City of Stamford Board of Representatives, Suzanne Piacentini, Director, Connecticut Field Office, U.S. Department of Housing and Urban Development, Eric Chatman, President and Executive Director, Connecticut Housing Finance Authority, Dara Kovel, Vice President of Housing Development, Connecticut Housing Finance Authority, Denise Fazio, Vice President, PNC Bank, Thomas Dorsey, Managing Director, Connecticut Light and Power, Richard Burns, CEO and Trustee, The NHP Foundation, Patrick Fry, Senior Vice President, The NHP Foundation, and Fred Mitchell, Senior Vice President, The NHP Foundation.
The Connecticut Housing Finance Authority ("CHFA") provided a $17,750,000 loan to facilitate the acquisition and renovation of the property to preserve the units as low and moderate-income housing. PNC Bank served as the federal low-income housing tax credit investor for Bayview, providing $7 million in equity. The U.S. Department of Housing and Urban Development provides rental assistance to a number of residents at Bayview Towers, making the rents affordable to lower income families. Connecticut Light and Power supported the project by making a $500,000 contribution through the State of Connecticut's Housing Tax Credit Contribution program to assist with the rehabilitation of the project, and the City of Stamford agreed to continue to provide a partial property tax abatement grant through a State of Connecticut funded program. All of these participants helped make the project possible.
"I am proud to join in celebrating the completion of the Bayview Towers renovation today," Mayor Martin said. "The City of Stamford made an important decision to continue to support the Bayview community, and I am pleased with the cooperation of the many government and private entities that made this effort a success. This is a much-needed improvement for the residents of Bayview and for our Stamford community."
"Bayview Towers Apartments fulfills a critical need for affordable family housing in Stamford. We were pleased to work with NHPF on making a number of major capital improvements to Bayview Towers that will meaningfully extend the useful life of a critical affordable housing asset in Stamford," said Eric Chatman, President, and Executive Director of CHFA.
"Here at Bayview Towers we see just how powerful partnerships between and among federal, state and local agencies can be when we link our investments to help preserve affordable housing in an area where there is a critical need," said Suzanne Piacentini, HUD Connecticut Field Office Director. "HUD is proud to be a partner in this project; we congratulate everyone for their efforts to improve the lives of Stamford residents."
According to Richard Burns, CEO of NHPF, "We at The NHP Foundation are very mindful of the significant threats facing the affordable housing field in this country. Leaders like the public and private partners in the Bayview Towers project are essential to protecting this vital sector of the American housing market. NHPF salutes their participation."
Bayview Towers was built in 1973 and is located at 300 Tresser Boulevard in Stamford. The 200 unit complex is composed of a 21-story and a 9-story high-rise building. The renovations included the installation of new flooring, new kitchen cabinets, counters and fixtures, new tubs and shower surrounds, new vanities, and medicine cabinets, as well as energy efficient lighting and appliances. Capital renovations also included replacement of the domestic and sanitary plumbing lines, electrical upgrades, elevator improvements, all new windows, facade improvements and new roofs.
Headquartered in New York City with offices in Washington, DC, NHPF was launched on January 30, 1989. NHPF is a publicly supported 501(c)(3) nonprofit corporation founded to preserve and create affordable multifamily rental housing for low- and moderate-income families and seniors. In addition to providing safe, clean and affordable housing to its residents, NHPF has a robust resident services program known as Operation Pathways. Through partnerships with major financial institutions, the public sector, faith-based initiatives, and other nonprofit organizations, NHPF owns 27 residential properties with more than 6,000 housing units in 12 states and the District of Columbia.
Contact: Thomas G. Vaccaro
Photo - http://photos.prnewswire.com/prnh/20140814/136350
SOURCE NHP Foundation
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Nov. 29, 2015 10:00 PM EST Reads: 445
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
Nov. 29, 2015 06:00 PM EST Reads: 441
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
Nov. 29, 2015 06:00 PM EST Reads: 232
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files.
He examined three use cases: IT operations, business intelligence, and security and compliance.
Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 29, 2015 04:00 PM EST Reads: 255
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products.
With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Nov. 29, 2015 02:00 PM EST Reads: 485
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership.
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Nov. 29, 2015 01:00 PM EST Reads: 417
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Nov. 29, 2015 01:00 PM EST Reads: 357
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability.
In his session at DevOps Su...
Nov. 29, 2015 12:45 PM EST Reads: 421
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Nov. 29, 2015 12:30 PM EST Reads: 427
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Nov. 29, 2015 12:00 PM EST Reads: 528
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world.
Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Nov. 29, 2015 11:45 AM EST Reads: 328
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Nov. 29, 2015 11:30 AM EST Reads: 276
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data.
In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Nov. 29, 2015 10:00 AM EST Reads: 204
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially.
In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Nov. 29, 2015 09:45 AM EST Reads: 453
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions.
Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
Nov. 29, 2015 09:15 AM EST Reads: 347