At Norstar Development USA, we're specialists in the development and construction of all forms of housing, from low income to high end. Our success is founded on a solid financial structure and our ability to develop realistic and accurate assessments of property development and re-development potential.
Norstar has an extensive and proven track record in developing and constructing affordable housing. Norstar's first housing redevelopment, the Ellicott Town Center, received finalist recognition for "Best Multifamily Rehabilitation" by the National Association of Home Builders, as well as a "Secretary's Award for Excellence" from the HUD Secretary. Norstar has since completed over 1800 units of subsidized housing in New York and Texas. Norstar is one of the 50 largest Affordable Housing developers in the country.
Norstar and its affiliates have maintained a successful track record with HUD, State and local housing finance agencies, receiving millions of dollars of awarded project funding from sources including CDBG grants, HOME program funds, Section 108 loans, Section 42 Low Income Housing Tax Credits, NYS Housing Trust Fund loans and Modernization funds, Florida Housing Finance Corporation funds, FHLB AHP grants, FHA 221(d)(4) mortgages, federal HOPE VI and Replacement Housing Factor funds, and others.
Luxury Apartment Homes
Norstar Development USA has completed construction and successfully rented over 1200 luxury apartments in the Dallas metroplex and over 350 "Big House" apartment homes in Tampa, Florida. Luxury condominiums in Albany and Saratoga Springs, New York are under development. The completion of these units provides quality housing for two of the country's fastest-growing communities.
Norstar Building Corporation employs a talented team of construction experts consisting of in-house architects, engineers, quantity surveyors and project managers experienced in all phases of construction. Our knowledge of municipal regulatory processes and codes makes the implementation of the most complicated project worry-free.
management companies and affiliates, including Norstar Accolade Property
Management in Texas and Florida, oversee more than 2,200 residential units. A fundamental
commitment to service keeps our rental properties in high demand and
maximizes value for investors.