Multifamily housing developer Rella Fogliano, president of The MacQuesten Cos. in Pelham, will be named Private Developer of the Year by the New York Housing Conference and the National Housing Conference at their annual awards event Dec. 10 in New York City, according to a spokesperson for MacQuesten.
This year”™s event at the Hilton New York, titled “Reaching New Heights: Leadership, Innovation and Diversity,” will pay tribute to four industry leaders and the organizations that highlight the power of constituents to advocate for policy innovations that protect successful affordable housing programs serving people in need.
The MacQuesten Cos. includes MacQuesten Construction Management LLC and MacQuesten Development LLC. It specializes in financing, design and construction management of affordable multifamily housing and commercial properties, which are then privately held by affiliated companies.
Since 1992, the company has developed 11 buildings and 1,500 units of affordable housing in New York City and Westchester County. It is currently the developer of Heritage Homes in New Rochelle, a three-phase, $72 million, 228-unit housing project in partnership with the New Rochelle Municipal Housing Authority.
The only child of general contractor Sabino Fogliano, owner of the former Sabin Construction Co. in Mount Vernon, Rella Fogliano began working part time at her father”™s company at 17 and joined the firm full time in 1983 after graduating from Fordham University.
Fogliano formed MacQuesten General Contracting Inc. following her father”™s retirement in 1988 and in the early 1990s began to develop properties that the company had acquired, focusing on the Bronx, where she found a significant shortage of affordable housing.
She founded The MacQuesten Cos. in 2003. The companies have built a portfolio of more than $140 million dollars in completed projects. Over the next five years, The MacQuesten Cos. will have more than $200 million in construction projects and developments throughout the five boroughs and Westchester County, according to the company spokesperson.
Rachel Fee, executive director of the New York Housing Conference, in the awards announcement cited Fogliano”™s “passion for creating transformative affordable housing and commitment to improving the lives of her residents.”
“In many ways, The MacQuesten Cos. is Rella Fogliano: hardworking, collaborative, detail-oriented, creative and supportive,” Fee said.
It is an honor to know the multifaceted and brilliant Ms. Fogliano. Not only is she a marvelous business person, but Ms. Fogliano devotes countless hours of her precious time to the very worthy NYC institution: The General Society of Mechanics and Tradesmen. As a volunteer Governor of this organization, Ms. Fogliano shares her tremendous knowledge about construction, housing and many other relevant topics to benefit others.