Executive Highlight

Thomas Fricano

Board Member | Executive Committee Member | Vice President, Region Nine Housing Corporation

Industry: Nonprofit

Business Founded: 1970

Phone: (678) 777-0671

Email: [email protected]

Address:
88 Huntington Street
New Brunswick, NJ 08901

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How long have you been in your industry?2008

Why did you choose your industry?I can't think of anything more important than to provide safe, secure housing and services to treat people with diginity.

Who are your typical clients?Region Nine Housing Corporation provides subsidized housing to low-income families, seniors, and persons with disabilities. We own and manage over 1,200 affordable housing units throughout New Jersey and Pennsylvania

What do you like best about being in this industry?Making a Tangible Difference – Helping individuals and families secure stable housing improves their quality of life.Strengthening Communities – Affordable housing fosters stronger, more vibrant neighborhoods.Advocacy for Equity – Ensuring access to housing bridges systemic disparities.Long-Term Impact – Stable housing leads to better education and career outcomes.

What are common problems you see?Lack of Supply – Demand exceeds available units.Rising Costs – Construction and labor expenses are high.Zoning Restrictions – Local policies limit projects.Funding Challenges – Limited subsidies and financing options.Aging Infrastructure – Many units need repairs.Long Waiting Lists – Demand causes delays.Income Instability – Low wages impact rent payments.Community Opposition – NIMBY

What advice/tips do you have for clients?Know Your Rights – Understand tenant protections and assistance programs.Stay Informed – Keep up with housing policies and eligibility requirements.Budget Wisely – Prioritize rent and essential expenses.Seek Assistance – Utilize local housing resources and support services.Communicate Proactively – Notify landlords of issues early.Build Credit – Strengthen financial stability for future housing options.

When is your busy season?Our business activity levels remain constant throughout the year

What keeps you up at night?Government actions that may eliminate to reduce funding for these social programs

How do you market yourself to grow/expand your business?We have done the basics, but given the start of the housing market, particularly in affordable housing, we really do not proactively market and maintain waiting lists for all of our properties

How involved are you in the community?Current and Former: Head Coach, Boys Lacrosse | Fernandina Beach High SchoolCommunity Involvement | CharityCo-founder of Mosaic Rotary ClubAtlanta Regional Commission IT Workforce Board

What is your favorite not for profit or charity?Region Nine Housing Corporation

What advice would you give to someone thinking of getting into this business?Research Eligibility – Understand income limits and requirements for programs.Apply Early – Waiting lists can be long, so start the process as soon as possible.Explore Multiple Options – Look into public housing, Section 8, and nonprofit programs.Seek Local Resources – Housing agencies and nonprofits can offer guidance.Stay Persistent – Follow up on applications and be proactive in your se

What do you enjoy doing in your free time?Family, Coaching Lacrosse, Entertaining & Cooking, Fishing

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