Residence Corporation Receives Green Award
October 4, 2011 - The Oak Park Residence Corporation today announced that it has received a Green Award from the Village of Oak Park “for exemplary environmentally friendly building practices that embody the Village of Oak Park’s mission to create a more sustainable and secure future.”
Residence Corporation Executive Director, Edward Solan, stated: “We are very pleased to be recognized by the Village of Oak Park for the sustainable operating procedures utilized in managing our properties. The Corporation currently owns 22 buildings containing over 500 units of housing. Most buildings were built in the 1920’s, well before conservation and sustainability measures were deemed necessary, or even desirable.”
Working in conjunction with the Center for Neighborhood Technology, the Residence Corporation has undertaken major conservation to reduce energy consumption and to promote greater efficiency in operation of major buildings systems. A detailed report on these measures can be found by clicking here to view our OPRC Sustainable Building Practices.
The Oak Park Residence Corporation is a community-based, non-profit housing development corporation. Its primary mission is to promote Oak Park’s historic strength as a diverse and economically balanced community by providing quality rental housing at an affordable price. The Residence Corporation carries out its mission principally by acquiring older apartment buildings, rehabilitating them into assets that contribute to their neighborhood, and providing quality property management services.
Residence Corporation Elects Officers for 2011/2012
The Oak Park Residence Corporation has elected its officers for 2011/2012. Wayne Pierce, Managing Director of Stern Brothers & Co., an investment banking firm, was elected President. Steven Ginsberg, a principal of Ginsberg Jacobs LLC, a law firm, will serve as Vice President. Marge Greenwald, a Realtor with Better Homes & Gardens Real Estate/Gloor Realty, will serve as Secretary. Bradley Beile, a Principal at The John Buck Company, was elected Treasurer.
Other members of the Board of Directors are Joi Cregler, William Marshall and Jennifer Stratman.
The Residence Corporation, a not-for-profit corporation, was established in 1966 to prevent blight in Oak Park's apartment buildings and to promote the development of affordable housing for the Village's low and moderate income residents. It also has developed housing for low-income elderly residents and persons with disabilities. The Corporation is governed by a seven-member board of Oak Park citizens who serve without compensation.
For additional information, please contact Edward Solan at (708) 386-6061.
