New Jersey Borough to Celebrate Grand Opening of Much-Needed Affordable Housing Community

ENGLEWOOD CLIFFS, NJ / ACCESS Newswire / February 18, 2026 / On Friday, February 20, Mark Park, the Mayor of the Borough of Englewood Cliffs, will join other Borough and state officials, along with executives of The Michaels Organization and residents of the new affordable housing community, to celebrate the grand opening of the Cliffs on Hudson.

WHAT: CEREMONIAL GRAND OPENING AND RIBBON-CUTTING

WHEN: 10:00 A.M., FRIDAY, FEBRUARY 20, 2026

WHERE: 474 HUDSON TERRACE, ENGLEWOOD CLIFFS, NJ

WHO: Residents are invited to the ceremony. Speakers will include:

• The Honorable Mark Park, Mayor of Englewood Cliffs

• Terry Tucker, Chief of Staff at the New Jersey Housing and Mortgage Finance Agency

• William Duffy, Vice President, TD Bank

• Michael DiSanto, Senior Vice President, M&T Bank

• Ariana Durkovic Community Investment Operations, Federal Home Loan Bank of New York

• Jonathan Lubonski, Executive Vice President, The Michaels Organization

Details: Located in the premier community of Englewood Cliffs, NJ, this 100 percent affordable housing community offers 66 apartment homes across two mid-rise buildings, along with community and amenities space. The $25 million development is located in a high opportunity area, within close proximity of schools, municipal services, media facilities and a variety of commercial buildings. It is also served by a NJ Transit bus stop, offering public transportation with regular service to New York City. The beautiful setting also offers residents immediate access to more than 30 miles of hiking trails in the Palisades Interstate Park.

The community has attracted overwhelming interest and is currently fully occupied, with a waiting list for new residents.

About The Michaels Organization: Michaels is a national leader in residential real estate, offering full-service capabilities in development, property and asset management, construction, and investment. Serving more than 200,000 residents in more than 600 communities across 39 states, the District of Columbia, and the U.S. Virgin Islands, Michaels is committed to crafting housing solutions that jumpstart education, civic engagement and neighborhood prosperity, and to creating Communities That Lift Lives.

Media Contact:

Laura Zaner, lzaner@tmo.com, (856) 988-5983

SOURCE: The Michaels Organization