Jonathan Lubonski came to The Michaels Organization in 2013 with an extensive resume of economic development and affordable housing achievements. With more than 15 years in the industry, Mr. Lubonski brings a unique perspective to The Michaels Organization that is evident in his leadership over the entire development process including business development, community engagement, planning, design, financing, construction, and management operations.
In his four years with The Michaels Organization, including two years as Vice President, Mr. Lubonski has developed more than 600 hundred units of affordable and mixed-income housing with a collective value over $185 million. Mr. Lubonski is dedicated to urban community revival and is particularly proud of his work in Jersey City overseeing the multi-phased revitalization of the Montgomery Gardens Public Housing Complex. The first phase, Catherine Todd Senior Living Center, was a challenging 10-story gut rehab which transformed an antiquated high-rise into modern and efficient senior living residences. In the second phase, Mr. Lubonski oversaw Jersey City's first-ever implosion of three 10-story public housing towers and the development of 126 low-rise, mixed-income family dwellings in their place. He recently completed a suburban development in Egg Harbor Township, NJ which will serve as a model for Michaels’ future
Mr. Lubonski is proficient in all types of real estate financing, including 4% and 9% tax credits, HOME Funds, Affordable Housing Trust Funds, Federal Home Loan Bank AHP funds, and taxable and tax-exempt bonds. Some of his more complex urban redevelopment ventures have utilized section 8 and public housing rental assistance, tax credits, and market rate units all in the same project. His vast experience allows him to adapt to any set of circumstances that a project calls for.
Mr. Lubonski graduated from Rutgers University-Camden with a Bachelors in Urban Planning and minor focus in Political Science, was a member of the honors college, and contributed to the planning of the Camden City Wayfinding Program.