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AT HILLCREST,


 WE PUT  RESPECT AT THE CENTER OF OUR BUSINESS PLAN, TREATING BOTH OUR TENANTS AND CLIENTS LIKE FAMILY.

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AT HILLCREST,


 WE PUT  RESPECT AT THE CENTER OF OUR BUSINESS PLAN, TREATING BOTH OUR TENANTS AND CLIENTS LIKE FAMILY.

Hillcrest Management was founded in Newark, NewJersey in the late 1970s.

While searching for affordable housing for a family member, our founder, Fred Federici was astounded by the lack of quality senior housing in the area.  When he went to the State Housing Agency to talk about the options, they explained there was nothing, instead they told him "you could build one". And so he did. 

After realizing that the building would be filled with members of the neighborhood he knew and loved, Fred became committed to making the quality of the building that of a true home. 

 

 

This building was kept immaculately and all tenant concerns were met. This contributed to the true community that existed and continues to exist within our buildings. Fred began to realize If you give people a beautiful place to live, they will respect it- and you, immensely. 

And so started our 40 year philosophy of treating tenants like family and making sure our buildings are not just a "house", but a home they can be proud to live in and we can be proud to own. 

 

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EXPERIENCE


EXPERIENCE


Between our two principals, we have over 100 years of experience   in affordable housing.  This experience extends to virtually every aspect of federal financing including 202, 811, 236, Section 8, 202 PRAC.  Because we have worked with local municipalities, housing authorities and housing utilities, we are very comfortable with the challenges that public purchasing can present.  Hillcrest Management has also worked with the NJHMFA in both traditionally financing and low-income Housing Tax Credits.  Additionally, we have developed and managed complex subsidy layering deals.  Our experience even includes financing projects with non-traditional, private purpose municipal bonds.

Along with the NJHMFA, we co-authored the original creation of the LIHTC compliance monitoring for the State of New Jersey.  We sit on the Management Task force for the NJHMFA and serve on the Executive Council of the New Jersey Affordable Housing Management Association; speaking regularly at both their conferences. Finally, we have acted as Feature speakers at both the National Spectrum Tax Credit compliance seminar and the New Jersey Governor's Housing Conference.

With the expertise we have gained through the services we provide and the knowledge we have provided through our speeches an conferences lectures, Hillcrest Management has gained a spot among the front runners of New Jersey property management. We successfully manage 12 properties and counting, while also consulting on legislation and maintaining an excellent relationship with clients, tenants and staff.

In short, we are experienced.

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Our Standards


Our Standards


WE ARE ALL ABOUT THE DETAILS

At Hillcrest, we hold our buildings and employees to the highest standard.

We pride ourselves on impeccable cleanliness and maintenance. Our live in superintendents provide round the clock service, quickly eradicating any maintenance issues as they arise. Our attentive cleaning staffs maintain the buildings daily to the best quality- even our boiler and garbage rooms are spotless. These two aspects of our business plan are the source of constant praise from clients and tenants.

Our properties are extremely service enriched, prolonging their ability to provide a stable, cleanly home for aging senior citizens.

Hillcrest Management buildings have been recognized for quality by several local, state and county organizations. We have been consistently top-rated by HUD and NJHAMA for subsidized senior housing.

In addition to our attention to detail in maintenance and appearance, fiscal responsibility is central to our business plan. We carefully mange our finances to assure that resources are being utilized effectively and appropriately. We use our large buying power to get discounted utilities, providing high quality but affordable services for our tenants. Because we have been in the business for so long, we know who does the best at what. We have accumulated a large network of low cost, high quality contractors- allowing us to reduce cost without sacrificing caliber. Our financial attentiveness allows us to run our buildings responsibly and efficiently.

When we take on a new project, we immediately start bringing the building up to highest quality. Then we implement procedures and hire employees to keep it that way. Every building we acquire, is left in significantly better condition and with increased productivity. All of our building have large reserve accounts, regardless of whether they did when we got them.

In summary, everything we do, we do to the highest possible quality and standard.

Our Properties


Our Properties