People Restoring Communities: Leading the Affordable Housing Revolution across the Nation

People Restoring Communities: A New Era in Affordable Housing

In a significant move for the affordable housing sector, PRC has rebranded itself as People Restoring Communities (PRC), marking a new chapter in its mission to provide high-quality, affordable housing across the nation. The company, based in New York, announced that Matthew Linde and Benjamin Linde have taken full ownership, positioning the firm for greater growth and community impact.

Matthew Linde, now serving as Principal and CEO, stated, "As we transition into our new identity, we are guided by the core values that have always defined our work. We are excited about what lies ahead as we expand into new markets, fulfilling our commitment to make a difference through affordable housing."

With a legacy spanning over 50 years, PRC has established itself as a key player in the affordable housing landscape, successfully executing complex projects funded through both public and private financing channels. Its rebranding reflects its commitment to transforming lives and neighborhoods, aiming to create thriving, inclusive communities that everyone can call home.

The transition into People Restoring Communities signifies not just a name change but a strategic pivot towards targeted expansion. Recently, the organization made its first acquisition outside New York with the purchase of Paulsboro Gardens Apartments, a 150-unit complex in New Jersey. Future projects slated for development include significant properties in Downtown Richmond, Virginia, Trenton, New Jersey, and Boston, Massachusetts. Additionally, PRC is committed to advancing projects in New York, with ongoing developments in East New York and Bed-Stuy, plus a new initiative planned for New Rochelle.

PRC's impactful legacy includes the development and preservation of over 20,000 apartment units, representing approximately $1.75 billion in assets. The firm provides an array of services, from development and construction to property management and architectural services, ensuring a holistic approach to its projects.

The firm’s mission is clear: housing is a human right. PRC is dedicated to ensuring that everyone, irrespective of their income level, has access to quality housing. This commitment is ingrained in the company culture and drives every decision made by the leadership team, all while staying true to its foundational values.

With extensive experience under its belt and now embracing the next generation of family leadership, PRC is poised to influence the affordable housing landscape significantly. As it embarks on this exciting journey, Matthew Linde emphasized the necessity of thoughtful growth and the impact that accessible housing can make in communities nationwide.

To learn more about People Restoring Communities and the revolutionary work they are doing, visit their website at People Restoring Communities.

In conclusion, the rebranding and acquisition strategy highlight People Restoring Communities' commitment to expanding its footprint while maintaining its dedication to fostering inclusive, sustainable neighborhoods. Their approach of catering to various market needs will undoubtedly pave the way for more individuals and families to find their place in communities they can thrive in, emphasizing that affordable housing plays a fundamental role in achieving social equity and public welfare.