The Richman Group

Congratulations to Weingart Center Association and Chelsea Investment Corporation on the grand opening of Weingart Towers 1, the largest homeless housing project in Los Angeles history! This historic project, located in the heart of the Skid Row District, is poised to be a valuable asset to the community. Weingart Towers 1 is a new construction project featuring 278 units housed in a 19-story building. These units are specifically designed to provide safe, secure, and dignified housing for unsheltered individuals. The community includes 228 studio apartments and 50 one-bedroom apartments, with three units designated for onsite managers. Notably, 40 units are reserved for veterans. Each apartment is fully furnished and features a full kitchen, private bathroom, heating, and air conditioning. Weingart Towers 1 features amenities like a fitness room, computer lab, career center, library, bicycle storage, laundry facilities, terraces with community gardens, and nearby Metro access. Residents benefit from case management, healthcare, substance use services, educational and employment support, life skills training, and social activities. Local partnerships provide additional medical, dental, vision, and legal services. By offering a stable living environment and access to essential services, Weingart Towers 1 aims to empower its residents and provide a place they can call home. Special thanks to all our financing partners. I could write a novel of all the people and agencies that worked on this project, your dedication to housing is going help transform this neighborhood and positively impact hundreds of lives. I do want to personally thank Alok Lathi for his work.

The Richman Group Asset Management is searching for an Asset Management Associate. Are you interested in applying? Do you know someone that would be a good fit? Please apply below or reach out to learn more. The Asset Management Associate will assist in maintaining a portfolio of property assets invested through the Section 42 (LIHTC) affordable housing tax credit program. The main office of The Richman Group is in Greenwich, CT and this position may have a hybrid or remote option depending on geographic location. Responsibilities include, but are not limited to: •Review quarterly Financial Statements to analyze financial performance •Review annual budgets, audited financial statements, and tax returns •Perform annual property reviews and site inspections •Facilitate periodic investor reporting •Review and update investor benefit projections •Monitor development construction and lease-up timelines of developments •Basic accounting and tracking •Establishment and maintenance of project files and databases •Various special projects •Support Asset Management staff Application Requirements: Bachelor’s degree from accredited university, with a concentration in Real Estate Finance or Business with courses in real estate (3.0+ GPA) Fluency in Microsoft Suite; proficient in Excel and Word Strong analytical skills and financial acumen Excellent organizational and communication skills Able to prioritize and multi-task in a fast-paced environment Must be detail oriented and self-motivated Ability to work independently Able to meet tight deadlines in time sensitive situations while maintaining a professional demeanor Flexible to work extra hours as needed Other Qualifications Up to 40% nationwide travel

A joint venture of Chelsea Investment Corporation, The Richman Group and The Weingart Center has officially opened a 278-unit affordable community in Los Angeles: https://lnkd.in/eTnwqc8F

We were proud to join the city of Los Angeles and The Weingart Center in celebrating the grand opening of Weingart Tower, a new #AffordableHousing community on Skid Row! This 19-story development offers 278 furnished units of permanent supportive housing, providing stability and dignity to people and families. FHLBank San Francisco is honored to have contributed a $1.5 million Affordable Housing Program (AHP) grant to this vital project, marking a significant step forward in our commitment to affordable housing solutions. We want to give special thanks to Mayor Karen Bass, Chief of Housing & Homelessness for the L.A. City Mayor's Office, Lourdes Castro Ramirez, Congresswoman Maxine Waters, and all the leaders who attended the dedication ceremony, including our former President and CEO Teresa Bazemore and former Board member Senator Kevin Murray (ret), CEO of The Weingart Center. #AffordableHousing #CommunitySupport #FHLBankSF #WeingartTower Wells Fargo The Richman Group U.S. Department of Housing and Urban Development

Thank you to all of our partners on our collective efforts for this great project! Helio Health, Inc. thank you for trusting us and congratulations on your third project with CSD Housing, LLC. We are excited to transform a vacant warehouse into 111 units of affordable and supporting housing in Binghamton, NY. City of Binghamton, Eagle Star Housing, Inc, Passero Associates, New York State Homes & Community Renewal, NYS Office of Temporary & Disability Assistance, NYS Office of Addiction Services and Supports, Barclay Damon LLP, The Richman Group, Citi

Brinshore Development, LLC, Housing Authority of Kansas City MO (HAKC), and Sam Rodgers Health (SURHC) recently celebrated milestone achievements in the Historic Northeast’s Independence Plaza neighborhood with the groundbreaking of the new pediatric wing at Samuel U. Rodgers Health Center, the grand openings of Sam Rodgers Place and Propeller Building, all located on Samuel U. Rodgers Healthy Living Campus. In 2015 HAKC, the City of Kansas City, MO, Brinshore Development, United Way of Greater Kansas City, SURHC and Northeast community groups joined forces to obtain a $30 million Choice Neighborhoods Grant from U.S. Department of Housing and Urban Development for the Paseo Gateway District. Grant funds plus matching local investment resulted in public improvements, supportive services for residents, and seven new mixed-income apartment sites totaling 308 units to replace the former Chouteau Court.  Prior phases included the rehabilitation of Pendleton Flats and new developments Rose Hill, Quinlan Place, Quinlan Row, Pendleton ArtsBlock and Brookwood at Antioch, respectively. The new Sam Rodgers Place - on the Sam Rodgers Campus consists of 62 walkup apartments, townhomes and flats, with modern amenities and off-street parking. The new Propeller Building on the Campus will be owned and operated by SURHC. It is a 4,300 square foot supportive services center and community event space. It will provide expanded services to residents of Sam Rodgers Place and the surrounding community in a manner consistent with the history and mission of SURHC. Completion of the Propeller Building marks the successful conclusion of the Paseo Gateway Choice Neighborhoods program. Sam Rodgers Place and Propeller Building are designed by Rosemann & Associates and Moody Nolan. Taliaferro & Browne, Inc., Inc, is the civil engineer and surveyor, Vireo is the landscape architect, and Straub Construction serves as the general contractor. The following lenders and investors made the final phase of the Paseo Gateway CNI possible: U.S. Department of Housing and Urban Development Missouri Housing Development Commission The Richman Group Sugar Creek Capital City of Kansas City, MO BMO Harris Bank Housing Authority of Kansas City MO The following lenders and investors made the pediatric wing possible: The State of Missouri Hall Family Foundation The Sunderland Foundation The Mabee Foundation, H & R Block Foundation, The Ann and Gary Dickinson Family Charitable Foundation, Jack F and Glenna Wiley Foundation Mr. Steve Sweet Samuel U. Rodgers Health Center Board of Directors Photos courtesy of Angie Jennings #affordablehousing #choiceneighborhoods #developers #kcmo #partnerships #industryleaders #kansascity #missouri #housingforall #opportunities #healthcare #ChangingLivesBuildingCommunity

Last week, the SVA team was thrilled to join The Whole Child - Mental Health & Housing, at their Healing, Health, and Homes Gala. It was a fantastic event with poignant words from The Whole Child clients, who shared their inspiring stories of resilience and hope. We were honored to be a sponsor for this event, and continue to support The Whole Child’s mission to empower families towards healing, health, and homes. The gala was held in Santa Fe Springs, CA where our design team is collaborating on The Whole Child’s Interim Housing and Supportive Services Center for Families and Children. The transformational campus consists of three communities including The Whole Child interim housing with 40 units, 102 rental apartments by The Richman Group, and 18 for-sale townhomes by Habitat for Humanity. Thank you to The Whole Child for an inspiring evening and all of the critical work you are doing!  Nika Imani Mel Tan Alain Peschard Carlos Perez Erick Colobong Jonathan Stalvey Alejandro Parra Valenzuela Sara Abed Beth Binger #svaarchitects #thewholechild

Today, Hoffman & Associates celebrated the grand opening of The Westerly apartments in Southwest DC. Thank you to everyone who joined us to commemorate this significant milestone, including DC Mayor Muriel Bowser, Charles Allen Ward 6 Councilmember, Paul Bernard of Affordable Homes & Communities (AHC), and all of our partners: CityPartners, Paramount Development Team, Grosvenor, Merchants Capital, The Richman Group, Office of the Deputy Mayor for Planning and Economic Development, DC’s Department of Housing and Community Development, DC Housing Finance Agency, DC Department of Buildings, Advisory Neighborhood Commission Chairperson Rikki Kramer representing 6D07, Advisory Neighborhood Commissioner Andrea M. Pawley representing 6D04, former Advisory Neighborhood Commissioner Andy Litsky, Clark Construction Group, Torti Gallas + Partners, and Bozzuto. The Westerly, a dynamic mixed-income apartment community located less than one block from the Waterfront Station Green Line, includes 449 apartment residences ranging in size from studios to two bedrooms with dens. Thirty percent of the residences are affordable housing apartments. To learn more about these modern, inviting apartment homes, visit: thewesterlydc.com

#ProjectFeature: Located in a transit-oriented district of Los Angeles, Bryson Legacy is a 64-unit, 6-story building that offers permanent supportive housing for the unhoused. Inspired by the adjacent historic Bryson Apartment Hotel, this development features 32 affordable residences and 15 units dedicated to individuals with disabilities. The design incorporates nearly 1,000 square feet of support services and counseling spaces. Amenities such as a ground-floor lobby, large roof deck, library, business center, and on-site laundry make Bryson Legacy a blend of affordability, convenience, and community, marking a new era of supportive living in Los Angeles. Learn more here: https://lnkd.in/gXKN_kQm Developer: The Richman Group GC: Staples Construction Company Civil: Fuscoe Engineering, Inc. Landscape: MJS Landscape Architecture Interior: JAG Interiors, Inc. Historical Consultant: GPA Consulting #AO50 #BetterTogether #AOmultifamily #AffordableHousing #LosAngeles