The Michaels Organization
Mr. Cangelosi serves as Vice President of Development forThe Michaels Organization and is responsible for all aspects of development activity including acquisitions, planning, land use approvals, and development financing. Mr. Cangelosi concentrates his development activities in New Jersey,Pennsylvania, New York, Delaware, and Connecticut.
Mr. Cangelosi has over 12years of experience in structuring real estate transactions, particularly those that combine low-income housing tax credits, historic rehabilitation tax credits, HOME, CDBG, Choice NeighborhoodsImplementation Funds, with other state, county, local, and private financing sources. Mr. Cangelosi has led award-winning development efforts on over 1,600 affordable housing units with more than $600M in investments, in projects including adaptive historic redevelopment, multi-phase townhomes, and mid-rise senior buildings.