MDG Design + Construction is a leading real estate firm that develops, constructs, and manages high quality affordable housing. Overseeing all aspects of multifamily residential development, MDG is an expert in property management, construction, development, and design. We specialize in the new construction and moderate rehabilitation of residential apartment buildings across New York City and Long Island. With nearly 30 years of excellence, we are the industry leader in occupied rehabilitation.
Creating and preserving affordable housing for low-income communities is a complex process that requires close collaboration with diverse partners, from government agencies and financial institutions to tenant associations and nonprofit developers. We are problem solvers, consistently keeping our projects on time and on budget. To date, MDG has created or preserved 17,000 units of affordable housing and is responsible for nearly $1.6 billion in construction and development. We are New York’s complete solution for creating, preserving, and managing affordable housing.
At MDG, we are committed to excellence at all stages of our business. From personalized service for our tenants and partners to high quality, market-rate finishes at our developments, we create homes that our residents are proud to live in.
In an ever-evolving world, we pride ourselves in conducting business with the highest degree of integrity and ethics, safeguarding our workers, and ensuring that those we work with, including subcontractors and vendors, uphold our standards. As such, we have developed and instituted state-of-the-art wage compliance monitoring programs—the strictest in the City—that are now the standard in the governmentally assisted construction industry.
MDG was formed in 1988 by our two principals, driven by a genuine passion to create affordable housing that low-income New Yorkers would be proud to call home.
Today, whether creating homeownership opportunities or rescuing distressed buildings, the people-first philosophy inspired by our principals almost 30 years ago continues to guide MDG’s work, allowing us to successfully restore neighborhoods and improve the lives of local residents.
Michael T. Rooney is the founding principal of MDG Design + Construction. Michael is best known for working with local community groups and building owners to find innovative ways to develop, finance and rehabilitate residential real estate in emerging communities. Michael received his BA in accounting from Pace University in 1982 and worked for Kenneth Leventhal in tax planning for New York and New Jersey real estate developers. In 1988 Michael turned his full attention to buying and developing affordable housing in New York City. His expertise in working with HUD, HPD and HCR has made him a leader in the affordable housing industry.
Michael has been involved in the development and/or construction of over 17,000 units in over 750 buildings resulting in $1.6 billion in affordable housing development. All of these properties were in a state of disrepair when Michael became involved. Michael’s success in turning around these distressed properties is the result of his hands on approach to working with developers, community groups, investors, building managers and tenant organizations. With over 25 years of experience in affordable housing, Michael has become an expert in turning around distressed properties that have appeared to have no hope of being saved.
Nicola DeAcetis, AIA is the principal in charge of Design and Construction for MDG. In this capacity, Nicola has become highly regarded in the industry for his expertise and creativity to solve difficult construction issues saving both time and money for MDG's clients. Nicola sees New York's most disadvantaged properties as an opportunity for hope and urban renewal. It is his goal to bring upscale design and finishes to all affordable housing developments in New York City.
Nicola was trained at the New York Institute of Technology and received his Bachelor of Architecture in 1980. He also studied at the American University of Rome. He received his architectural license in NYS in 1984 and is NCARB certified. Before partnering with Michael T Rooney in 1989, Nicola worked as a Senior Project Manager at GSGSB, Inc., an architecture, engineering and planning firm. Nicola oversaw a team of engineers, architects, and interior designers working on various multifaceted projects in the NY area and throughout the east coast ranging from Lord & Taylor in Florida, Statue of Liberty/ Ellis Island Restoration, Calverton National Cemetery and Morgan Stanley’s 200,000 square foot computer center at One Pierrpont Plaza, that, when it was built in 1988 ended a 50 year drought of skyscraper construction in Brooklyn
Matthew Rooney is the Chief Executive Officer of MDG Design + Construction. Matthew oversees all asset management of MDG’s projects. He ensures that all financial obligations are met and surpassed. Through his asset management experience, MDG has been able to assist smaller scale not-for-profits stabilize both their buildings and their back-office management through consistent communication and oversight.
He received his B.A. in Finance and Marketing from the Stern School of Business at New York University with a concentration in real estate finance. Matthew was driven to the affordable housing industry through the stories of displaced residents throughout New York City; he aims to preserve and create housing to maintain an economically diverse city. To date, he has overseen the closing of nearly 2,500 units working closely with lenders, government agencies, consultants, and his development team members to ensure a timely closing that meets the goals set by the development team. Additionally, Matthew has overseen construction and development costs of over $900 million dollars.
Michael Rooney Jr. is the Executive Vice President of MDG Design + Construction. Michael Jr. has overseen large scale development projects across NYC and has successfully managed buildings through extensive tenant-in-place renovations. However, Michael Jr.'s strength is transforming distressed properties with excessive violations and compliance issues into valuable assets. He accomplishes this by his firm belief that sound management procedures can overcome every property management problem.
Michael Jr. received his BA in Finance from Pace University and has been working in the real estate industry ever since. He specializes in ensuring that each of MDG’s projects create opportunities for DBE, MBE, and WBE businesses. This is accomplished by utilizing government databases and through joint ventures or partnerships with local businesses in need of capital. Additionally, his ability to mobilize and engage residents by making them an integral part of the development team ensures that the voices of the community are heard every step of the way.
MDG Design + Construction is the foremost rehabilitator of occupied housing in New York City completing over 13,400 occupied housing units totaling over $1.4 billion in hard costs. MDG is known for creative solutions to complex problems. An occupied rehabilitation usually includes new bathrooms and kitchens. Sometimes, the entire apartment is rehabbed including walls, floors and ceilings.
The four methods of renovating occupied housing employed by MDG are as follows:
Checker Boarding- (20%) renovate apartments vertically, line by line, by moving residents to vacant units within the building being renovated.
Hospitality Suite- (70%) renovate apartments vertically, line by line, with residents still occupying their homes, providing them with a shared hospitality suite within the building being renovated for dwelling during construction hours. The hospitality suite usually has a working kitchen, bathroom and entertainment room for children. Residents return to their apartment each evening. Construction dust is cleaned daily to protect residents returning to their apartment.
Relocation- (8%) renovate apartments vertically, line by line by moving residents temporarily to vacant units within another building.
The Apartment Alter EGO- (2%) renovate apartments vertically, line by line with residents in occupancy by building a temporary wall in each unit being renovated. Residents live in half of the apartment with existing kitchen and bath while a new kitchen and bath are being built on the other side of the partition. After the new kitchen and bath are completed residents move to the new half of their apartment, while the existing kitchen and bath are demolished and made into bedrooms.
Concord Management offers our clients first class property management services. Our services range from full service property management to back office support services.
At Concord we have a team of experienced Property Managers who use a hands on approach to develop positive long-term relationships with owners and tenants.
We offer accounting and bookkeeping services powered by best-in-class software. We have the ability to customize reports to fit each property’s specifications.
Concord Management is equipped with a legal team that handles issues ranging from tenant collections to evictions. We work closely with the attorneys by supplying the proper documentation to start a non-payment petition and follow through to the eviction proceeding. Aged receivable reports are run for all entities on a monthly basis in order to keep track of receivables.
We work with the Home Program and Low Income Housing Tax Credit Programs. Tenant recertification is done on a yearly basis as required by HPD.
From a six unit building to a 600 unit building each client is treated with the same respect and care.
For more information, please visit www.ConcordNY.com