Urban American Continues Iraq and Afghanistan Veteran Housing Program in New York-Metro Buildings

Discounts and Deferrals to Help Veterans Overcome Housing Obstacles as They Return to Civilian Life

Jan 05, 2012, 10:00 ET from Urban American

NEW YORK, Jan. 5, 2012 /PRNewswire/ -- As our forces return from the end of major operations in Iraq and continue to deployed to Afghanistan, Urban American, a property owner and manager of over 14,000 units of workforce housing throughout New York City, New Jersey, and Westchester proudly continues its on-going Veterans Housing Initiative ("VHI") which offers significant discounts to military veterans returning from overseas deployment and re-entering civilian life in the New York metro area.  Over the last year since the establishment of the VHI, Urban American has helped veterans find high quality and affordable housing options in the New York Metro area and remains a proud and personal effort for the family-run company, which has veterans serving among its senior management.

As part of the VHI, qualifying veterans remain eligible for free rent in the first month of their lease as well as sharply reduced or waived security deposits.  Since this program will be offered to veterans in addition to other discounts that Urban American may be offering at their properties, some veterans may qualify for even more significant benefits. Additionally, veterans who are applying to college or graduate school through the GI Bill may not have to pay any security deposit toward their apartment.

Urban American was determined to create the program in response to reports of veterans who are unable to find affordable housing when they return to civilian life, which in many cases leads to homelessness.

"When I got out of the Army and returned to New York, I had a job and family waiting for me.  But many of our most honored citizens, who served their country and are now seeking a good life in New York are not as lucky.  We applaud the commitment of these brave men and women and to honor their service, we must support them in their transition from uniform," said Philip Eisenberg, CEO of Urban American

Philip's son Joshua, an Executive Vice President of Urban American and a 12-year veteran of the Army National Guard continued, "Our goal is to serve those who served.  But we also hope to be an example for other apartment managers to set up programs of their own.  If we do it right, New York could become the most welcome home for our honored veterans."

Veterans interested in applying for the program can contact Ann Heath at 201.537.5140 or ann.heath@urbanamerican.net.

Urban American was formed in 1997 to acquire and manage workforce multifamily properties. Urban American's objective is to smartly invest in properties to rehabilitate their infrastructure, improve common areas, reduce energy consumption and apply efficient management practices to provide a superior product and service to its residents. Urban American's approach is based upon the philosophy that the owner and the resident have a mutual long-term interest in the improvement and maintenance of their community's housing stock, neighborhood and environment.  For more than a decade, Urban American has been an industry leader in providing safe, clean and quality properties for its residents.

DKC Public Relations
Brian Moriarty, 212.981.5252

SOURCE Urban American