- MOSES REALTY LLC
[strategically aligned with Webb and Brooker, Inc.]

Bernard Warren, managing member of Moses Sole Realty, LLC has more than 30 years of experience in the leasing, management and development of government assisted housing of all types, including U.S. Department of Housing and Urban Development (HUD) subsidized and LIHTC properties. As managing member of Warbrook Realty LLC and Wrenbrook Realty LLC, he successfully fulfilled the duties required as General Partner on multiple properties that participated in low-income housing tax credit programs. In this capacity, the New York City Department of Housing Preservation and Development (HPD) designated these companies to participate in the Neighborhood Entrepreneurs Program (NEP), and the New York Equity Fund provided tax credit monies to the program so that 197 residential dwelling units could be developed. The total cost of those projects was approximately $20 million.

Projects Overview:

Philips Park, LLC (sponsored by St. Philips Church)
Mr.Warren's entity served as consultant on the refinancing of the mortgage and advised the owner, residents, and developer on the redevelopment of this 260-unit housing development in Harlem, NY. The development was constructed in the 1970s, thus required substantial improvement to preserve the quality of life for the existing residents.

Churchill House LP (originally sponsored by Hood Memorial Church)

Churchill House had a Section 236 mortgage held by the United States Department of Housing Urban Development. Churchill paid off its mortgage to undertake capital improvements and implement social services. The project is a 97-unit property located at 200 West 147th Street. Its mortgage was insured by the Federal Housing agency through the Section 236 Loan Program. The project has a project-based Section 8 Assistance Payment Contract that expired and was extended for an additional twenty (20) years. Mr.Warren's entity advised the owners on this transaction.

Ebthel Housing Development Fund. Company, Inc. (sponsored by Bethel Church)
Bethel proposed rehabilitation and preservation of a multifamily 47-unit rental housing project for persons and households of low income to be operated in accordance with section 42 of the Internal Revenue Code of 1986, as amended and applicable regulations promulgated there under (collectively, "Section 42") located at 50 W. 132nd Street, New York, New York. Mr.Warren's entity established and implemented appropriate administrative and financial procedures and controls for the redevelopment of the Project, including but not limited to, coordination and administration of professionals and consultants employees in connection with the construction of the Project, the rendering of advice and recommendations as to the procedures for selection of subcontractors and suppliers, furnishing such consultation and advice relating to the redevelopment of project. The construction loan for this project closed on June 30, 2010. All work was completed in 2012.

Philip's Senior House. A 14-story building with 200 units in central Harlem. (Sponsored by St. Philips Church)
In 2012, New York State Homes and Community Renewal provided more than $22.6 million in tax exempt bonds, $1.8 million in subsidy and $1.19 million in an annual allocation of low-income housing tax credits for Philip's Senior House refinancing and revitalization, allowing for all units in the complex to be upgraded. The New York State Energy Research and Development Authority provided $124,500 in energy efficiency incentives. The total development costs for the renovation were $38.9 million. The scope of the rehabilitation included replacement of the roof, repainting of the entire facade, new windows, new air conditioner sleeves, a new intercom system, refurbishing the two passenger elevators and a new security camera system. The project was completed in 2014. Mr. Warren's entity served as consultant to the developers on this transaction.

Genesis Companies, LLC
Abyssinian Development Corporation ("ADC") is the former owner of entities, comprising a total of three hundred fifty seven (357) units of affordable housing in twenty-eight (28) buildings. Genesis purchased the buildings for the purpose of resyndication which allowed them to address maintenance, upgrade major systems, repay outstanding payables including mortgage payment and tax arrears, complete quality-of-life improvements and more generally rehabilitate the Apartments. Financing for the Project included construction and permanent tax-exempt bond financing from the New York Housing Development Corporation ("HDC"), an allocation of four percent (4%) Low Income Housing Tax Credits from the New York City Department of Housing Preservation and Development ("HPD"). The total development cost for the project is approximately $63.2M. Genesis engaged Mr. Warren's entity to consult on the development and management of this ongoing project.


Current Projects:

Godian Fellowship Housing (South Jamaica, Queens, NY)
The proposed project will develop three vacant lots, two are city owned and one is owned by Godian Fellowship Church ("Godian") which will receive a new space in the project upon completion. Through my pre-existing relationship with Godian's Pastor, I assembled a joint-venture developer team that has site control through a private agreement with Godian, as well as a public-private partnership with the City of New York to rezone the properties. The status is that the properties are being rezoned, which in NYC typically takes 12 to 16 months to complete. Anticipated credit allocation and financing commitment by HPD is anticipated in Q2 2022.

Thomas White Foundation Housing (South Jamaica, Queens, NY)
The proposed project will redevelop a site owned by a local non-profit called Thomas White Jr. Foundation Inc ("TWF") which has been providing social services to the community for over 40 years. Through the pre-existing relationship with TWF's Executive Director, I assembled a joint-venture developer team that has site control through a private agreement with TWF and will be part of a larger neighborhood rezoning with the City of New York. The status is that properties are being rezoned, which in NYC typically takes 12 to 16 months to complete. Anticipated credit allocation and financing commitment by HPD is anticipated in Q2 2022.

St. John's Global Ministries of the Kingdom (South Jamaica, Queens, NY)
Moses Sole is part of the Developer Team selected to re-zone and redevelop St. John's Global Ministries into new housing and worship space. The project will be financed through HPD/HDC's Ella program with 9% LIHTC. Construction is anticipated to begin in Summer 2021.


If you would like to discuss partnering with us, please contact Bernard Warren (212) 926-7100 ext17
 
 
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