Nancy Whit, Executive Director
(401) 726-1173 x14 or nwhit@pawtucketcdc.org
Pawtucket Citizens Development Corporation and Realty Endeavors for Affordable Community Housing, Inc. merge to create Pawtucket Central Falls Development Corporation.
FOR IMMEDIATE RELEASE
Pawtucket, RI, July 8, 2014 – Representatives from Pawtucket Citizens Development Corporation (PCDC) and Realty Endeavors for Affordable Community Housing, Inc. (REACH) announced this week that the two companies merged on July 1, 2014 resulting in Pawtucket Central Falls Development Corporation (PCFDC).
The merger is the result of combining two organizations, both with a primary focus on affordable housing development, which operate in the contiguous communities of Pawtucket and Central Falls. PCFDC will continue to address the comprehensive community development needs, of which affordable housing is central.
PCDC is in its 25th year of operation and has been a major force in Pawtucket in acquiring residential property for the purpose of providing safe, affordable housing, fostering neighborhood revitalization and enhancing economic development in Pawtucket’s neighborhoods. PCDC has developed 184 units in Pawtucket and Central Falls and has had a profound influence in neighborhoods such as the Barton Street area through its work on housing, neighborhood building and Project RENEW initiatives.
Nancy Whit, Executive Director of PCFDC stated “We are delighted with the outcome of our discussions with REACH and are optimistic that the merger of our two organizations will continue to provide decent, affordable housing, through rental and home ownership opportunities, to the residents of Pawtucket and Central Falls.
REACH, also in its 25th year of operation, has an equally impressive track record in construction and rehabilitation of properties in Central Falls and has provided both rental and home ownership opportunities to the City’s residents. Since it began operations, REACH has developed over 108 units of rental housing and numerous properties for homeownership.
REACH’s Executive Director, Bill Siemers, commented that “the merger of our two organizations will provide additional opportunities for PCFDC in Central Falls by utilizing REACH’s construction process and further focus on homeownership opportunities as a complement to the development of rental units for the residents of both Pawtucket and Central Falls.”
PCFDC’s headquarters will be located at 204 Broad Street, Pawtucket, RI. With the retirement of Bill Siemers effective on July 1st, Nancy Whit assumes responsibility as the Executive Director of the new organization.
