N.J. firm tapped for Franklin public housing work - Washington Business Journal:

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The FHA received eight submissions from its requesft for proposals and selectedin N.J., the authority announced. The other finalistsx were TCG Development ofSilved Spring, Maryland and ParkTrust Development of Murfreesboro. “We were very fortunatew to draw the interest of some ofthe country'se leading development firms in this process,” says Derwih Jackson, the housing authority’s executive director, in a “Ultimately, the board felt that The Michaels Developmeny Company had the most relevant experience in this type of FHA is developing a multi-phased strategy for the redevelopmeny of its property in Franklin, which includez 308 new units to replace 297 existint units.
Jackson says mast of the authority’s housinh units were constructed in the 1950s and 1960s and do not have the conveniencews of moremodern structures. He says the project will not only improverliving conditions, but free up land so the authorityy can build we build new affordable, transitional housint in Franklin. The Michaels Developmenrt Co. has developed more than 35,000 housing units sincd 1973. The company specializes in the developmenftof mixed-income and mixed-finance communities. The FHA serves nearlhy 700 residents and operates on funds from rentao income and the Department of Housingf andUrban Development.