PROMINENT AFFORDABLE HOUSING DEVELOPER PRC ANNOUNCES NEW OWNERSHIP, COMPANY NAME AND EXPANSION INTO NATIONAL MARKETS

New York ~ New York-based real estate firm, Property Resources Corporation (PRC), has officially announced a change in ownership and rebranding to People Restoring Communities. The company, which specializes in affordable housing, will now be fully owned by Matthew Linde and Benjamin Linde, who will continue to lead the organization as Principal and CEO and Principal and COO respectively.

According to Matthew Linde, this transition marks a new chapter for PRC as they expand their reach into national gateway communities. He expressed pride in carrying the firm's core values into new markets and is confident that their talented leadership team will continue to make a meaningful impact through their work.

With over 50 years of experience and now under its third generation of family leadership, PRC has established itself as a leader in affordable housing. The firm is known for its expertise in utilizing complex sources of financing from both private and public funds. Their mission-driven approach focuses on transforming lives and neighborhoods by providing high-quality, affordable housing options and fostering inclusive communities.

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While PRC has a strong reputation in New York, they are rapidly expanding into new markets while staying true to their mission. Their recent acquisition of Paulsboro Gardens Apartments, a 150-unit affordable housing complex in New Jersey, marks their first venture outside of New York. They also have upcoming projects in Downtown Richmond, Virginia; Trenton, New Jersey; and Boston, Massachusetts. In addition to these new developments, PRC will continue to focus on projects in New York with plans for completion in East New York and Bed-Stuy as well as a new project in New Rochelle later this year.

PRC's impressive track record includes the development or preservation of over 20,000 apartment units worth nearly $1.75 billion. For more information about People Restoring Communities and their properties, visit www.peoplerestoringcommunities.com.

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