Newstar Development, LLC (“Newstar”), is a full-service development firm formed in 2020 by the Florida leadership team for Norstar Development USA (“Norstar”), Brian Evjen and Justin Corder. Norstar is also a member of Newstar.

Our development team completed its first affordable housing development in Florida in 2008, and all completed developments in Florida have been in partnership with Public Housing Authorities (PHAs), except for one project with a CRA (Community Redevelopment Agency).

Accordingly, the development team has extensive experience in residential multifamily development as well as partnerships with public housing authorities. Our team has expertise in all areas of financing low-income and public housing properties, knowledge of applications and corresponding approval processes, experience in working with low-income housing tax credits (LIHTC), bond programs, local finance authorities, HOME Funds, FHLB AHP funds, project-based Section 8 contracts, and other Mixed Finance Programs, including HOPE VI, Replacement Housing Factor and HUD capital funds. Our development team is also innovative in utilizing new programs when appropriate.