Industry leader to provide expertise in compliance services for this senior-living community
Barkan Compliance Solutions (BCS), a leading provider of regulatory compliance services to developers, owners, and managers of affordable housing, has been engaged to provide recertifications and LIHTC compliance services for The Coolidge at Sudbury. BCS is an affiliate of Barkan Management Company, which continues its professional management of both phases of the property.
The apartment community, which offers affordable housing for seniors where income guidelines apply, opened in two phases: phase 1 opened in 2014 and consists of 64 one- and two-bedroom units; phase 2 opened in November 2020 and offers 56 one-bedroom units. Amenities include well-appointment meeting rooms, media rooms, libraries, fitness centers, elevators, and a parking garage. The Coolidge at Sudbury is located at 187-189 Boston Post Road (Route 20), in Sudbury, Massachusetts.
The community was developed and is sponsored by B’nai B’rith Housing (BBH), a nonprofit developer whose mission is to ease the housing crisis in the Greater Boston area. In the town of Sudbury alone, more than 25% of households have at least one member who is over 60 years old. And of Sudbury seniors, 30% of households over 65 years old earn less than $50,000 per year (2000 U.S. Census, localized data set).
“We are pleased to provide our full suite of services to complement the management of this much needed affordable housing option for seniors,” said Cynthia Howe, SHCM, CPO, FHC, Vice President of Barkan Management Company, who will serve as Account Executive. “We have the industry knowledge and commitment to the affordable housing sector that will facilitate the rental and administrative processes for this community. We acknowledge and appreciate our long-term, successful partnership with BBH.”
About Barkan Compliance Solutions
Barkan Compliance Solutions is an affiliate of Barkan Management Company. BCS provides comprehensive management and regulatory compliance services to developers, owners and managers of affordable housing. Barkan Compliance Solutions has experience working with all types of affordable programs including LIHTC, Section 8, HOME, Housing Choice Vouchers and Public Housing.
About Barkan Companies
The Barkan Companies are a privately owned, diversified group of real estate businesses with a solid record of success in property management, construction and development. Since 1964, Barkan has established itself as an industry leader in the residential real estate sector with 192 properties (30,000+/- units) under management in seven states. Barkan consistently provides outstanding client service with an uncompromising focus on quality and integrity. Encompassing five related real estate service businesses, including property management and accounting, renovation, development and affordable housing compliance, Barkan has the proven abilities and expertise in a single organization to satisfy the most demanding requirements.