In acquiring Berkley Village, Fairstead grabbed an opportunity to serve not one vulnerable community but two. Both the elderly and disabled residents of this 373-unit property are beneficiaries of two project-based Section 8 contract extensions. Those contracts will ensure the continued affordability of residents’ apartments for years to come.
These days those apartments are unrecognizable from the ones those residents moved into. At a development cost of $48M, Fairstead undertook a sweeping renovation. From upgrades to kitchens and bathrooms — new cabinets, floors, and lighting fixtures; Energy-Star™ appliances, lowflow plumbing fixtures — to advanced heating and cooling systems and improved UFAS accessibility, Berkley Village was remade in just 15 months. The resident lounge, courtyard, and on-site laundry were also refurbished. In the process, the property was raised to a new level of efficiency: a 5% reduction in electricity and a 42% reduction in water consumption.
Meanwhile, the social services team has been busy promoting health and wellness programs, while the on-site team has planned special events to foster a sense of community among the residents.