BRP Development Corporation

BRP Companies is a New York based real estate firm that is at the forefront of affordable, mixed-income, and market-rate housing and commercial developments. From the firm’s modest beginning in 1998 as a local development company, the firm has successfully evolved into a vertically integrated organization offering a full complement of development, construction, property management, and financial services. Today, with an experienced staff of 50, a track record of over 600,000 SF of completed real estate projects and over 3 million SF currently in development, BRP is uniquely positioned to meet the demands of urban housing consumers. The firm is an innovator in developing mixed-use, mixed-income, “walkable” urban housing with high-quality, energy-efficient infill properties throughout the city of New York and beyond. Many of the company’s projects include strategic partnerships with leading financial institutions such as Goldman Sachs, government agencies such as New York City Department of Housing Preservation and Development (HPD) and New York City Housing Development Corporation (HDC), not-for-profit companies, and faith-based organizations. In addition to BRP’s development, construction, and property management services, BRP offers an array of financial products and services through its affiliate BRP CDE, LLC, a Community Development Entity serving the NY, NJ, & PA metropolitan areas. The company seeks to stimulate economic development by working with strategic partners to finance high impact mixed-use affordable housing, retail, and community facility space in its service area. BRP CDE offers below market rate senior and subordinated loans with flexible terms, real estate advisory services, and innovative solutions in low-income communities. On March 15, 2012, BRP CDE, LLC, announced that it was awarded a $30 million allocation under the federal New Markets Tax Credits 2011 program round administered by the U.S. Department of the Treasury’s CDFI Fund. BRP CDE was one of 70 organizations nationwide receiving awards selected from a pool of 314 applicants through a highly competitive process. This is the second award of this kind for BRP, which received its first award of $21 million in the 2010 program round.