In The News

  • Northern Ohio Apartments Association Key Awards 2019 
    September 11, 2019
    CLEVELAND, Ohio – Award Winners – Congratulations Property of the Year Award Winner, Four Seasons, Goldberg Companies, Inc.!READ MORE

  • SAHA ecstatic after board green lights $486 million in affordable housing projects 
    August 2, 2019
    SAN ANTONIO, Texas – The San Antonio Housing Authority has received the green light by board members to proceed with 14 affordable housing projects valued at nearly half a billion dollars. Impact on downtown and the surrounding areas is expected to be substantial.READ MORE

  • Cleveland Councilman Fights Blight, Step by Step 
    April 23, 2017
    CLEVELAND, Ohio – There are more than 4,500 vacant or abandoned buildings in the city of Cleveland.Looking up and down Ansel Road on the city’s east side, building after building could use a lot of love, or a wrecking ball. “They are going to tear that down?” asked resident Eugune Harshaw. Harshaw has lived in the east side neighborhood on Ansel Road for 13 years. He’s ready for improvements.READ MORE

  • Royal Mall Receives Community Grant 
    January 5, 2017
    YOUNGSTOWN, Ohio — The Community Foundation of the Mahoning Valley has awarded $540,200 in grants and distributions for the second half of 2016. The funds include $84,500 in grants to 17 nonprofit organizations in Mahoning and Trumbull counties that made requests to the philanthropic funds the foundation manages. The remaining $455,700 was distributed by fund advisers apart from the grant process.READ MORE

  • Vesta Announces Steve Erie’s Retirement 
    November 30, 2016
    Weatogue, Connecticut – Based Vesta Corporation, a developer, owner and manager of affordable housing, announced that Steven Erie, managing director, principal and co-founder, is retiring after 35 years. Since 1981, Erie and his partner and co-founder Arthur Greenblatt, have worked side-by-side and built Vesta into the organization it is today.READ MORE

  • Vesta Celebrates Successful Renovation of Villa Serena 
    November 9, 2016
    Weatogue, Connecticut – A senior living community that was the dream of an Italian immigrant was recently brought into the 21st century by affordable housing specialists, Vesta Corporation. The Villa Serena Apartments in Mayfield Heights, Ohio, was renovated by Vesta Corporation through a unique public and private partnership that was seen as a model for affordable senior housing nationwide.READ MORE

  • Mayor Bowser Releases DC Housing Preservation Strike Force Report 
    November 9, 2016
    Washington, DC – Today, Mayor Muriel Bowser released a final report from the DC Housing Preservation Strike Force detailing a proactive, multi-pronged strategy for the District to use in preserving its existing supply of affordable housing. The Mayor also announced the selection of 13 projects that will produce or preserve more than 1,200 affordable housing units across Washington, DC as part of DC’s Housing Production Trust Fund (HPTF).READ MORE

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  • Vesta Corp. announces leadership changes, promotions 
    January 22, 2016
    Weatogue-based Vesta Corp., a developer, long-term owner and manager of affordable housing, recently announced changes to its leadership team, promoting Lewis Brown, Joshua Greenblatt and Chuck Moran to executive vice president; Candice Greenberg to vice president; and Steven Rice to director of acquisitions and development.READ MORE

  • Vesta Corporation Announces Leadership Changes & Promotions
    December 9, 2015
    Vesta Corporation Announces Leadership Changes & Promotions.READ MORE

  • People on the Move
    December 7, 2015
    Metcalf Selected to Lead California’s HCD
    Ben Metcalf, deputy assistant secretary in the Office of Multifamily Housing Programs at the Department of Housing and Urban Development (HUD), has been appointed director of the California Department of Housing and Community Development. Prior to joining HUD in 2010, Metcalf was a project manager at BRIDGE Housing in San Francisco. The appointment, which was announced by Gov. Jerry Brown at the end of November, requires state Senate confirmation.READ MORE

  • The Norwalk Housing Authority (NHA) has purchased Cedar Court with help from Vesta Corporation.
    October 24, 2015
    NORWALK – The Norwalk Housing Authority (NHA) has purchased Cedar Court with help from a Weatogue-based affordable housing management company.
    NHA Deputy Director Candace E. Mayer said the authority partnered with Vesta Corp. to purchase the 92-unit, largely senior-housing complex at 92 Cedar St.
    Vesta Corp. was founded in 1998 by Steve Erie and Arthur Greenblatt, who earlier pioneered the use of the Low-Income Housing Tax Credit program.READ MORE

  • Vesta Plans Redevelopment of DC Apartments
    October 20, 2014
    Vesta Corp. has unveiled plans to completely redevelop Highland Terrance Apartments, a 124-unit multifamily property formerly known as the Gregory Apartments. The apartment community is in the southeast region of Washington, D.C.READ MORE

  • NH&RA Member Firm, Vesta Corporation, rehabs Villa Serena Apartments in Mayfield Heights, Ohio
    October 15, 2014
    NH&RA Member Firm, Vesta Corporation, rehabs Villa Serena Apartments in Mayfield Heights, OhioREAD MORE

  • Stable Housing, Behavioral Health Center Expands Bailey House Services
    January 13, 2014
    “As the organisation has grown, we have integrated all of the disciplines necessary to develop, own and operate good, quality housing,” says Nancy Conk, CEO of the Cabrillo Economic Development Corporation.READ MORE

    November 21, 2014
    Gov. Malloy announces grants to support affordable housing portfolio in 11 municipalities across stateREAD MORE

  • For Vesta, others, ‘open’ work spaces pay dividends
    December 2, 2013
    The new Simsbury offices for affordable-housing landlord Vesta Corp. illustrates the latest approach in carving out and outfitting work spaces that satisfy employers, workers and customers.READ MORE

  • Salvaged deals can become the rule, not the exception in the world of affordable housing
    April 19, 2013
    In the world of affordable housing, when deals crumble they leave quite a mess in their wake. Investors, lenders, property owners, government agencies, real estate professionals and, most significantly, affordable housing residents are all affected by the fallout. In this era of Sequestration, when shrinking purse strings make the financing of new affordable housing more difficult, broken deals further erode confidence in this market segment.READ MORE

  • Lighting the way – Vesta uses new energy efficiency program for multi family housing
    April 16, 2013
    Simsbury-based Vesta Corporation is in the forefront of using newly developed energyefficient practices for multi-family housing. Among the first company to integrate a SEE The Light program into its energy management strategy, Vesta develops, owns and manages affordable housing communities throughout New England and the mid-Atlantic, the Southeast, Midwest and Texas.READ MORE
  • Managers offered new tool kit to help tenants SEE the light
    March 27, 2013
    Utility costs represent the single largest controllable expense in a multi-family housingcommunity, consuming 25 to 35% of most operating budgets[1].
    With the U.S. Departments of Energy and HUD working aggressively to improve energy efficiency in public and privately-owned housing communities, affordable housing managers trying to rein in energy costs have a new ally: the SEE The Light Property Manager’s Energy Toolkit.READ MORE

  • Vesta’s Simsbury move
    March 18, 2013
    The New Haven headquarters for Bank of Southern Connecticut sold recently for $1.9 million, realty authorities say. NET2-215 Church LLC bought the two-story, 11,306-square-foot brick building at 215 Church St., next door to the Quinnipiac Club, from 215 Church Street LLC in late February.READ MORE

  • Charles Moran joins Vesta Management
    January 15, 2013
    Charles M. Moran, a former senior operations executive at Conifer Realty and nonprofit The Community Builders, has joined rental-housing overseer Vesta Management in Simsbury. Moran oversees 24 rental properties totaling 4,200 units in Connecticut, Ohio, New Jersey, Indiana, and the District of Columbia, the company said Tuesday.READ MORE

  • Professional Profile: Chuck Moran 2012
    December 21, 2013
    Name: Chuck Moran
    Title: Vice President, Operations
    Company: Vesta Corporation
    Location: Weatogue, CT
    Place of birth: Kittery, MEREAD MORE

  • Charles M. Moran to Head Property Management at Vesta Corporation
    November 27, 2012
    Simsbury, Conn.—Charles M. Moran, formerly a senior executive in operations with private company Conifer Realty and non-profit The Community Builders, joined the Vesta Management subsidiary of the Vesta Corporation. As vice president at this Simsbury, Conn.-based company, Moran oversees the operation of 24 affordable rental housing properties of 4,200 units in Connecticut, Ohio, New Jersey, Indiana, and the District of Columbia. They generate about $43 million annually and employ 175, approximately 145 of those reporting to Moran.READ MORE

  • A New Chapter for a Town, Once a Home for the Displaced
    October 4, 2006
    A New Chapter for a Town, Once a Home for the DisplacedREAD MORE
  • New Landlord Turning Slum Into Gem
    October 28, 2002
    One of Cleveland’s biggest and most dangerous slums – a 484-unit housing complex where generations of kids have played on hard dirt and broken glass in the shadows of ugly buildings and lurking drug dealers – is undergoing extensive renovation. In fact, Rainbow Terrace off East 79th Street, home to hundreds of poor people, mostly women and children, can no longer be called a slum. New construction and restoration – nearly half done – show promises of a dramatic transformation.READ MORE