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Leewood's Randy Lee wins affordable housing award. (Transcripts).


The New Jersey Builders Association (NJBA NJBA New Jersey Broadcasters Association
NJBA National Jet Boat Association
NJBA New Jersey Beekeepers Association
) has presented its annual Affordable Housing Award to R. Randy Lee, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Leewood Real Estate Group and Michael Fink Michael Fink (born February 1 1982 in Waiblingen) is a German footballer playing with Eintracht Frankfurt in Bundesliga, mostly playing as defensive midfielder. From 1992 Fink played for VfB Stuttgart, in the beginning for the youth team, later in the reserve in the Regionalliga. , president of the Leewood's New Jersey division. The awards were presented during a luncheon on April 10, at the Atlantic Builders Convention in Atlantic City Atlantic City, city (1990 pop. 37,986), Atlantic co., SE N.J., an Atlantic resort and convention center; settled c.1790, inc. 1854. Situated on Absecon Island, a barrier island 10 mi (16. .

The citation presented to Leewood stated that the award is given to "a member organization that has been successful in providing affordable housing for those of modest means in the State of New Jersey--no easy feat in today's economic and regulatory climate regulatory climate

The extent to which a regulated firm or industry is permitted to earn an adequate return on the stockholders' investment. This term is nearly always used in reference to utilities, which are required to obtain approval for rate changes.
."

Leewood Real Estate Group--NJ has completed a number of affordable housing developments in New Jersey including the Willow Green community in Trenton. Willow Green was awarded the Governor's Housing Excellence Award for "Outstanding Development" in New Jersey for the year 2001. Willow Green consists of 28 town homes each with three bedrooms and two full baths and has been praised for being an anchor in the revitalization re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
 of the historic Canal Banks residential district in downtown Trenton.

Leewood's next three residential communities in Trenton will break ground during the third and fourth quarters of 2002 and will include Willow Green-style town homes selling for between $68,000 and $92,000, complete. With special financing these brand new homes will cost only $585 per month and up for qualified buyers to own, requiring income of only $26,000 per year and up.

"I'm honored to accept this award for our work in developing affordable housing," said R. Randy Lee. "We appreciate the recognition and will continue to support the New Jersey Builders Association by adding more affordable housing units in New Jersey," he added.
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Title Annotation:Leewood Real Estate Group
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NJ
Date:Apr 24, 2002
Words:276
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