Until his passing in 2016, Jay R. Schochet was the Chairman of the Board of Schochet Associates and Federal Management Co., Inc., companies which he founded in 1973. Prior to launching his own real estate development and management company, Mr. Schochet spent ten years in the Boston real estate community, most notably as Managing Partner and then President of The Codman Company. Mr. Schochet graduated from Dartmouth College in 1952.
Under the auspices of Schochet Associates, Mr. Schochet concentrated on the development and acquisition of residential and commercial properties on both the East and West Coasts. He was a recognized leader in the development of creative methods to finance and preserve affordable housing. Over the course of his career, he developed almost 2,000 units of affordable housing located throughout New England, each of which provides a safe, decent, and secure living environment for its residents.
Mr. Schochet was a member of the Greater Boston Real Estate Board, the Rhode Island Real Estate Board, the National Association of Home Builders, the National Association of Realtors, and the Chambers of Commerce of Boston, MA, and Newport, RI. He was a veteran of the Korean War, and served on the Boards of the Newport Art Museum, the Martin Luther King Center, the National Tennis Club, and the Court Tennis Foundation.
The work of the Schochet Companies continues to stand as testament to Mr. Schochet's legacy of developing and managing some of the highest quality and most desirable affordable housing communities in the nation.