Renewal Housing Associates LLC (“Renewal”) is a multifamily housing development company based in Portland, Maine. Renewal’s primary focus is renovating legacy affordable housing properties that require capital improvements and long-term use restrictions. The company’s principals are specialist in obtaining federal, state and local resources to reinvest in and preserve subsidized elderly and family rental housing. Renewal also develops small, urban for-sale housing projects targeting middle income and first-time homebuyers.
Renewal is an affiliate of Leon N. Weiner & Associates Inc. (“LNWA”), a Delaware-based real estate development company founded in 1949. LNWA and its affiliates operate more than 4,500 housing units located in eight states and the District of Columbia. The company has extensive experience developing affordable, market rate and mixed-income housing serving both the for-sale and rental markets. Members of the LNWA management team have served in numerous leadership positions in the housing industry, including Chairman of the National Association of Home Builders, Chairman of the Federal Home Loan Bank of Pittsburgh, and Chairman of the Mortgage Roundtable.
The principals at Renewal recognize that every real estate development has a unique set of stakeholders with distinct goals. As a result, Renewal’s role will vary from project to project. Renewal’s principals are comfortable working in any capacity, including traditional buyer-developer-operator, joint venture partner or fee-for-service developer. Most importantly, as part of a company that has developed real estate for more than 60 years, Renewal focuses on opportunities to work with people that are committed to the things that define successful projects; a spirt of collaboration, a desire for shared success and a view toward long-term relationships.