In this Issue: Saddle River's First Purpose-Built Affordable Housing Community Opens, Our Latest Military Development Breaks Ground, 10 Years of Revitalization at Jordan Downs, and More!
Michaels, Saddle River Officials Celebrate Grand Opening of the Borough's First Purpose-Built Affordable Housing Community
Saddle River, NJ, Mayor Albert J. Kurpis and Borough Councilman Christopher DiGirolamo recently joined executives from The Michaels Organization, as well as residents and other state leaders, to celebrate the grand opening of the Residences at Choctaw. Already fully occupied, the new community offers high-quality, affordable housing to Saddle River residents with low and moderate incomes. Read more here.
Michaels Celebrates Groundbreaking on Frist of-its-Kind Military Housing at Fort Irwin
Michaels, alongside U.S. Army officials, has broken ground for new military housing at the U.S. Army’s Fort Irwin installation in California. The new community, a first-of-its-kind development, will combine elements of military housing and student living to create a resort-style residential experience for single and junior-ranking service members. Read more here.
Housing Authority of Baltimore City and Development Partners Michaels and AHC Break Ground on Second Phase of Key's Pointe
Michaels recently joined Baltimore Mayor Brandon Scott, the Housing Authority of Baltimore City (HABC) and development partner Affordable Homes & Communities Greater Baltimore (AHC), to break ground on the second phase of Key's Pointe, a $36 million affordable housing development in southeast Baltimore. The new community will bring 60 affordable apartment homes to Baltimore's Southeast side as part of the O'Donnell Heights Revitalization. Read more here.
The Hawai'i Housing and Finance Corporation Awards State and Federal Tax Credits to First Phase of Lewiwili Kapolei
The Hawaiʻi Housing Finance and Development Corporation (HHFDC) has awarded financing through its Low-Income Housing Tax Credit (LIHTC) Program to the first phase of Leiwili Kapolei, a new mixed-use, mixed-income community being developed by Michaels in partnership with ‘Ikenākea Development. The award marks a key milestone in advancing one of West Oʻahu’s most transformative affordable housing initiatives, and will bring two, five-story mid-rise buildings featuring 342 new rental apartment homes to the island. Read more here.
The Minute Clip
National, State, and Local Leaders Mark the Ten-Year Anniversary of Jordan Downs Development, Chart Final Phase
Michaels recently joined Jordan Downs residents, the Housing Authority of the City of Los Angeles (HACLA), BRIDGE Housing, and Primestor alongside nearly 30 federal, state, and local leaders to commemorate a decade of revitalization at Jordan Downs. This milestone reflects $664 million in new investment, 787 affordable homes, 120,000 sq. ft. of retail, and four new parks, creating a more vibrant and resilient Watts community. Learn more here.
Doing Well by Doing the Extraordinary
The Michaels Organization Educational Foundation Concludes Record Breaking Year for Fundraising
The Michaels Organization Educational Foundation has concluded a record-breaking year of fundraising for its Resident Scholarship program, thanks to direct private donations, its annual Golf Classic, and a $2 for $1 match for all donations contributed by our founder, Michael Levitt, and his wife, Pat. This year’s sold-out Golf Classic raised the highest amount ever in the Foundation’s history! Read more here.
The Michaels Organization Celebrates Third Annual National Day of Service
On September 19, Michaels teammates nationwide came together for our third annual National Day of Service to make a meaningful impact where we own and manage housing. From supporting nonprofits and revitalizing beaches, parks, and public spaces, to reading with seniors and visiting animal shelters, our teams are Lifting Lives and strengthening communities – coast to coast. Read more here.
Going Out A Little Further
Oliver Station Honored with Governor's Excellence in Housing Development Award
Oliver Station, Michaels’ newest affordable housing community in Camden, NJ’s Whitman Park Neighborhood, has been awarded the Governor’s Excellence in Housing Development Award, which recognizes exceptional projects that provide high-quality, affordable housing options. The community, which combines 47 affordable senior apartments with a Virtua Health medical practice, is the first in South Jersey and the second in the state to benefit from the New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) Hospital Partnership Subsidy Program. Read more here.
Jonathan Lubonski Promoted to Executive Vice President
Michaels is pleased to announce the promotion of Jonathan Lubonski to Executive Vice President, Affordable Development. In this new role, Lubonski joins Michaels’ Senior Leadership Team and has primary oversight for all of Michaels’ affordable development. Most recently, Lubonski served as Senior Vice President, a role in which he spearheaded the implementation of new technologies and established policies and procedures that drive operational efficiencies for Michaels’ development teams and the organization as a whole. Read more here.
Michaels Founder and Chairman Michael Levitt Named Among Most Influential Leaders by Commercial Observer
Michael Levitt, Founder and Chairman of The Michaels Organization, is featured in Commercial Observer’s 2025 Power Residential list, which honors the most influential trends and people driving the real estate industry forward. Mike’s profile highlights his drive and enthusiasm that propelled Michaels into the industry leader it is today, from the first residential urban renewal in the state of New Jersey, to our Educational Foundation, which has supplied over $19 million in academic scholarships to our residents. Read more here.
Walking the Job
Hear from Michaels' Industry Leaders
Michaels teammates continue to shape conversations around industry trends and initiatives. Explore recent insights from our team below.
Michaels teammates will be attending and speaking at a variety of upcoming events! Please contact info@tmo.com to learn more or to connect, and stay up-to-date with all upcoming events here.
The Michaels Organization, 2 Cooper Street, Camden, New Jersey 08102
