
FOUNDER/PRESIDENT
DEVELOPER/MANAGER
On January 23, 1969, 3 days after his Inauguration, President Richard M. Nixon kept his campaign promise and Issued Executive Order 11452 Establishing the Council for Urban Affairs to advise and assist the President with respect to urban affairs and he appointed Mr. EL as Member of the Urban Affairs Advisory Committee. On March 5, 1969, President Richard M. Nixon Issued Executive Order 11458—Prescribing Arrangements for Developing and Coordinating a National Program For Minority Business Enterprise to create Minority Wealth. As a result of his 2 Executive Orders, President Nixon, under The National Housing Act of 1970 established a program for members of the Minority population to develop and manage their own housing.
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As President of the Brownsville Housing Development Fund Corporation (BHDFC), Mr. EL formed a joint venture with Manufacturers Hanover Trust Company (now Chase Bank), the Federal National Mortgage Association (Fannie Mae), and the U.S. Department of Housing and Urban Development (HUD) to supply $12 million in financing for BHDFC to develop and manage Noble Drew Ali Plaza I, the first Minority-owned housing project in the country and in New York City that provided homes for 385 low-income families in the Brownsville section of Brooklyn in November 1970. New York City Mayor John V. Lindsay contributed a City Urban Renewal Site in Brownsville for the project development, and the startup funds was supplied by New York State Governor Nelson A. Rockefeller.
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In 2008, Mr. EL, as President of Tiffany Associates, Inc., a Subchapter "S" Corporation wholly owned by Mr. EL, formed a joint venture with Hudson Eldert LLC to develop Dumont Green, a 176-unit Affordable Housing Project in the East New York section of Brooklyn, New York, with $50 million in financing provided by New York City Housing Development Corporation and New York City Housing Preservation and Development. Hudson Eldert LLC JV purchased the property from Tiffany Associates, Inc. for $2,600,000 with acquisition funds received from the New York City Acquisition Fund LLC. As additional consideration for the property, Hudson Eldert LLC agreed to pay Tiffany Associates, Inc. twenty-five (25%) percent of the Net Development Fee earned by Hudson Eldert LLC.
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Mr. EL received his real estate education at The Wharton School, University of Pennsylvania (1979); The Real Estate Institute of New York University (1980/81); and after study at The Ohio State University’s National Center for Research in Vocational Education, U.S. Secretary of Education William J. Bennett appointed Mr. EL Member to its National Advisory Committee (1986). He joined St. John’s University’s faculty as a Special Lecturer/Real Estate Workshop Supervisor in the School of Continuing Education (1990-1994). Mr. EL was appointed as a Resource Lecturer by the New York HUD Regional II Administrator in June 1970.

JOSEPH JEFFRIES-EL
50 years of experience as a Residential Real Estate Developer, NYS Licensed Real Estate Broker, New York State Banking Department Registered Mortgage Broker, New York State Bureau of Educational Standards Qualified Real Estate Instructor, International Distance Education Certification Center (IDECC) Certified Distance Education Instructor (CDEI), NYS Licensed Coordinator, Brooklyn Real Estate Academy LLC, an Association of Real Estate License Law Officials (ARELLO) Distance Education Certification school.