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a nh d inc.
Milk Run
Last Thursday, tenants of 735 Bryant Ave in the Bronx held a press conference to demand action. The goal was to bring attention to the disinvestment and physical neglect that has plagued their building for years. Residents were joined by Bronx Borough President Ruben Diaz and City Council Speaker Christine Quinn, as well as neighbors from surrounding buildings as they collectively called on New York Community Bank to put an end to the serial neglect. Unfortunately, this is not an isolated incident for New York Community Bank, which holds the mortgage on 735 Bryant as well as 33 other buildings (including
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Above (l-r) Bronx Borough President Ruben Diaz, 735 Bryant Avenue Tenant Association President Gennet Riley and City Council Speaker Quinn during the press conference. Inset: Residents of nearby buildings under NYCBs portfolio express thoughts
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800 apartments) whose owner at one time or another spent time on the Citys list of most notorious landlords. New York Community Bank is currently the most active provider of multi-family loans in New York City, and this makes their actions important to the health of our citys housing stock, said Benjamin Dulchin, executive Director at ANHD. Unfortunately, New York Community Banks underwriting policies appear to make their loans and our communities more vulnerable to overleveraging and distress than loans made by their peer institutions. Tenants allege that the buildings previous owner purposefully disinvested in the building with the intent to flip it. They also claim that the bank, through its regular lending to such entities, encourages this type of activity by continuously offering loans to such short-term interested entities. I call it milk and run, said Ismene Speliotis of mHANY at the press conference. Its not like your predatory equity case. Here we have owners who will buy up a portfolio and then milk it dry of all its equity without putting back a single drop into the building. They have no problem doing this and for the banks that loan to them, its all about making a quick buck. mHANY was in negotiations with NYCB for the purchase of 735 Bryant Avenue before a lastminute renege from NYCB led to its sale to Bronx 8 LLC, which offered NYCB the full asking price of $16 million. According to mHANY, the organization made incremental offers between $8 and $15 million based on the buildings current rental income and capital needs. The inspectors and architectural experts mHANY
Above: This apartment has a missing window pane in their door. Just one of the many safety concerns in building 375 Bryant Ave Below-top: Terrance mcLeans kitchen with writing on wall: stove doesnt work. Below-bottom: type of electric range mcLeans uses since he says his stove stopped workiing six years ago.
hired estimated necessary repairs and future updates would cost an additional $25 million. NYCB had allegedly contended those rehab costs to be no more than $5 million. The discrepancy in rehab costs between NYCB and mHANY accounted for the wide discrepancy in the buildings valuation. While ANHD recognizes that banks actions are driven primarily by profit, we are nonetheless disappointed that NYCB failed to remove this building from the speculative cycle and transfer to a preservationminded purchaser. Dulchin said, The fact that the bank was unwilling to mitigate the damage of a bad loan related to the NYAHA Portfolio is a further cause for concern. Tenants are left wondering what the future will bring and most are doubtful that a new owner will improve conditions. Indeed, tenants have lived for years with mold-ridden walls, bathrooms with tubs either excavated not working, and kitchens with stoves that either dont work or lack gas to heat those that do. We want
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the next owner to take an interest within the inside of the building and not just its outside, said Geannet Riley, the buildings tenant associations president. Like many of his neighbors, Terrance mcLean says he doesnt expect his stove or any of the building repairs to be on the owners to-fix list. McLean says hes lived in the building without gas in his kitchen since 2004. my stove has not been working for about 7 years now. I use an electric stove. When they break, I buy a new one. The last time someone had made repairs in my building was when kitchen pipes were replaced, about 6 years ago. mcLeans apartment is one of 49 units in the building, which has 183 open violations according to HPD. People from New York community Bank never come inside my apartment. They only come into the lobby for everyone to meet and we really cant talk to them about repairs. During the press conference, Speaker Quinn said the next steps were to get the FDIC involved to see what pressure could be placed on the bank to disclose financial
information regarding its portfolio of buildings with housing code violations. ANHD, joined by our members, as well as UHAB, will bring this message to the FDIC and the NYS Banking Department at a meeting later this week. NYCB is currently undergoing CRA Performance evaluations with both agencies and we hope that these destructive practices will be reflected in their rating. By forcing New York Community Bank to evaluate its financial information, the bank would have to report its loans in foreclosure, building conditions and plans for repairs. This is essential because when the buildings are sold, this will create a level of transparency so the new landlord or owner will understand the true value of these buildings and will have the knowledge to appropriately restore these buildings to livable conditions. NYCB gives money to slumlords, like my landlord martin Carlin, who owns 1380 University Avenue. They dont even check to see if the landlord owes money to the city or is doing repairs. In my building, NYCB gave Carlin a $25 million loan for a 144 unit building, said Barbara Williamson, President of the 1380 University Tenant
Association and a CASA New Settlement member. Thats almost $180,000 of debt per unit. And we dont see any of that money put into the building for repairs. We have over 500 violations on our building. Weve had meetings with NYCB, theyve come to the building and seen the conditions. They know our building needs serious repairs, they saw the flooded boiler room and the non-working elevators, and they havent pushed Carlin to do anything. It took us going on rent strike to get our intercom system fixed. I dont understand why NYCB keeps getting away with bad lending practices. Williamson was one of the many neighbors who came out to the press conference in support of tenants at 375 Bryant Ave. This is not something new and it maddens me that we have to come back to this neighborhood to fight the same kind of fight here that we did just days ago on a block just minutes away facing a similar situation, said speaker Quinn. We fought milbank. We fought Ocelot. Well fight this.
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Commissioner Dr. Thomas Farley and (HPD) Commissioner mathew m. Wambua have come out in public support of this idea they say will substantially streamline and enhance the Citys ability to respond to complaints about window guards and enforce compliance with the law. http://www.nyc.gov/html/hpd/ html/pr2011/pr-04-08-11.shtml
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Community Organizer apprenticeship: sept. 2011 - June 2012 Recruitment Underway Now Through may 27th
general Information The Center for Neighborhood Leadership [CNL] is the community organizer recruitment, training and support center founded in 2008 by the Association for Neighborhood & Housing Development [ANHD] and the New York Immigration Coalition [NYIC]. CNL is pleased to announce the start of its recruitment drive for its third apprenticeship cycle for beginning community organizers. The Community organizer Apprenticeship focuses on knowledge and skills development through a combination of one-day weekly formal instruction by an well experienced organizer and four days of field experience at a front-line community organization (host organization) that has locally based community organizing as a central aspect of its operations. For the current cycle, apprentices are serving their internships at make the Road New York, minKwon Center for Community Action, mirabal Sisters Cultural and Community Center, Fifth Avenue Committee and similar organizations. Through the Public Allies partnership, the apprentice will also receive additional learning and personal development opportunities unique to Public Allies core training and leadership development program. Apprentices will primarily work on campaigns concerning housing or immigration issues. A minimum of ten community organizer apprentices will be chosen by June 30, 2011 to serve a ten month apprenticeship that will commence on September 1, 2011 and run through June 30, 2012. During the apprenticeship term, each apprentice will be supported by a minimum stipend of $17,800 (the current stipend is $22,800) and possible academic certification or accreditation for the instructional program through CNLs academic partner, presently empire State College SUNY. Apprentices will also receive additional benefits during the apprenticeship term as a result of CNLs partnership with Public Allies of New York. These benefits will include health insurance and child care during the program term, and an educational grant award (presently $5350) upon successful completion of the program. requirements Apprenticeship applicants should not have more than one year of community organizing
experience; live, work or study in NYC; be at least 18 years of age; have conversational english ability (some host organizations may have specific language requirements like Spanish, Bengali, Korean, etc. which means that english ability may be minimally important for the organizing work, but it may pose a challenge for the instructional and reporting aspects of the program). Applicants must also meet US employability requirements. Candidate also need to obtain a letter from an ANHD or NYIC membership organization Director endorsing his/her candidacy (visit the ANHD and NYIC websites for more information concerning their respective memberships). The CNL apprenticeship does not have an educational requirement, nor is a criminal conviction an automatic disqualifier although Public Allies does require a background check. Basic computer-use knowledge and skills are preferred. To find out more about the Center for Neighborhood Leadership or apprenticeship applicant requirements, please email CNL Director Hector Soto at CNLApprentice2@yahoo.com. You can complete and submit an apprenticeship application online through CNLs website at www.anhd.org/cnlnyc. The application deadline is may 27, 2011. However, applications will be reviewed and applicants accepted on a rolling basis until all available apprentice positions are filled. Applicants are encouraged to submit applications as soon as possible.
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available subsidy sources in NYS and NYC and how they affect your project and financing. We will discuss what a bank and subsidy providers are looking for as they underwrite your project. June 16. A Presentation on measuring & Reducing energy Use: The New Building energy Benchmarking Law; making multifamily Buildings Perform More Efficiently & Reducing maintenance & operating Costs; and the Basics of Reversing Global Warming.
michael Sweringen, President, microLeadership, Inc., a certified building analyst, prominent science educator & activist, will explain 1) the requirements of the new energy benchmarking law (Local Law 85), 2) retrofitting energy conservation measures with a focus on the cost benefits of the Low Hanging Fruit, and 3) The Crisis of Global Warming What We Can Do T Reverse It. To Register: Please mail the application form (below) ASAP with payment for the above-mentioned trainings to ANHD, 50 Broad St., Suite 1125, NY, NY 10004, Attn: Rita mazza, or fax to 212-7471114. (make checks payable to ANHD) Contact mike Bucci 347306-1745/mgbucci@aol.com with questions about the training. Advance registration required. Seating is limited with priority given to ANHD members
David Goldstein, of Goldstein Hall, Attorneys at Law, will explain the legal aspects of partnering with a syndicator, the responsibilities of the parties, implications and pitfalls to avoid in selecting the right syndicator for your LIHTC project. William Traylor, President of Richman Housing Resources LLC, will outline the process of partnering from a syndicators perspective as well provide a brief update on the status of Low Income Housing Tax Credits. Frank Lang, Housing Director at St. Nicks Alliance, a prominent community-based affordable housing group in Brooklyn, will share St. Nicks experiences selecting and working with LIHTC
Jay marcus, Consultant & NCB Development Corp., will guide us through the following stages of capital development. 1. The steps in the development process: including project conception and formation, selecting a site, assembling the development team, pre-development, creating and developing a pro-forma, packaging the financing, getting to closing, construction oversight and renting/ selling up. emphasis will be on frequent roadblocks and mistakes made. 2. The basics of creating a pro-forma and underwriting: including setting up a pro-forma for both homeownership and rental (LIHTC) projects. We will discuss
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Banking partnership for Community Development 2011 request for proposals
m&T Banks Banking Partnership for Community Development Summary and objectives: m&T Banks Banking Partnership for Community Development (BPCD) will support the neighborhood revitalization efforts of Community Development Corporations (CDCs) in the following metropolitan New York City counties: Bronx, Kings (Brooklyn) Queens, New York (manhattan) Nassau and Suffolk counties. BPCD will provide operating support to help CDCs strengthen their organizational capacity; institutionalize their economic role in their communities. BPCD will award grants of $5,000 - $20,000 to selected CDCs. Grants will be awarded for a one year term only. organizational eligibility Criteria: To be considered for a grant from the Banking Partnership for Community Development, CDCs must meet the eligibility criteria listed below. Currently involved with housing development and/or management; or economic development Located in and serve a geographically defined low- and/or moderate-income community; Actively include board members and other area residents in the goal setting and management of their organizations; and 501(c)(3) IRS tax exempt status. In 2011, special consideration will be awarded to CDCs focusing Preservation. Preservation being broadly defined in two ways: Activities supporting the preservation of the CDCs, and Activities that lead to the preservation of affordable housing. Financial intermediaries working on behalf of these same constituents are encouraged to apply. Special Needs Housing providers and other not-for-profits working to revitalize low-and-moderate income communities are welcome to apply but will not be given priority consideration. Applicants may also propose additional activities not listed or use Banking Partnership for Community Development funds as part of a larger project. Grant Selection Process and Rating Criteria: CDCs will be competitively selected for participation. Proposals will be evaluated based on their conformance with BPCD program objectives, the ability of the applicant organization to meet the criteria outlined below, and the quality of the proposed work plan. Additional criteria for proposal ranking will include: organizational History Stability and Capacity; Board and Constituency Involvement and the Strength of CDCs BPCD Work Plan. Again, preference will be awarded to organizational and preservation initiatives. Terms of Funding: After grants are awarded, participating CDCs will furnish m&T Bank with an annual financial and programmatic report. Audited financial statements will be required as well. Groups will be required to demonstrate that the monies were expended in accordance with their approved funding plan.
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Proposal Submission Requirements: To apply for a grant, CDCs must submit two copies of the following Cover Sheet and exhibits: Cover Sheet: A one-page Cover Sheet including the following information: Legal name of organization Address Telephone and fax numbers Name and title of head of staff Contact Person for this Banking Partnership for Community Development application Organizations operating budget for the current year Date of organizations IRS 501(c)(3) letter Brief description (up to 50 words) of the organizations proposed use of Banking Partnership for Community Development grant Mission Statement of the organization (if one exists) exhibit 1. Description of organizational history, neighborhood served, mission, accomplishments, and current programs, not to exceed two (2) pages; exhibit 2. one-year work plan, not to exceed two (2) pages, describing with as much detail as possible how the organization will use Banking Partnership for Community Development funding, including: project goals; specific objectives to be achieved; activities to be undertaken, including a statement of how these relate to the organizations stated overall mission; specific outcomes anticipated for the project for the year and overall; exhibit 3. Statement of how the organization involves its Board and other neighborhood residents in the revitalization of the community; not to exceed one (1) page; exhibit 4. A list of project staff (including whether each works full or part time) and volunteers with a brief narrative describing their roles and qualifications; exhibit 5. organizations current operating budget, including funding sources and amounts, and budget for upcoming fiscal year; Exhibit 6. Project budget for use of Banking Partnership for Community Development funds; Exhibit 7. Board of Directors list including affiliation/profession, indication of whether each is a community resident, and length of tenure; Exhibit 8. Organizations two most recent audited financial statements and, if the latest audit is more than six months old, a six month unaudited statement; exhibit 9. m&T Banks Charitable Contributions Guideline Form (see attachment) exhibit 10. Documentation of IRS 501(c)(3) status; exhibit 11. organizations most recent IRS 990 form; exhibit 12. organizations most recent annual report (if available). Please submit two copies of all application information to: Steven Flax or Naima oyo Community Development Unit m&T Bank 350 Park Avenue, 6th Floor New York, NY 10022 All proposals must be received by 4:00 p.m. on Friday, April 29, 2011. Faxed proposals will not be accepted. If you have questions please email either Steven Flax sflax@mtb.com or Naima Oyo at noyo@mtb.com
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Date: ____________________
organization: __________________________________________________________ Address: _________________________________________________________________________ _________________________________________________________________________________ Contact person: ____________________________ Title: ___________________________________ Telephone: _____________________ e-mail: ____________________________________________ Federal tax ID#: _____-______________________________________________________________ missionStatement:__________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ Brief description of funding request: ____________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ Amount requested: _________________________________________________________________ Request is ________% of total annual funding. Request is ________% of campaign/project goal. Are you a 501(c) (3)? Yes _____No _____ What percentage of those served by your agency or this initiative would be considered of low-to moderate income? _____________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________
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go! grants for non-Museum professionals to attend the 2011 national trust for Historic preservation Conference in Buffalo To encourage cross-discipline learning and cross-organization collaboration, New York Council for the Humanities is making special Go! Grants available for professionals working outside of the preservation/ historic house field to attend the 2011 National Trust for Historic Preservation Conference in Buffalo, NY from october 19 - 22, 2011. offered to encourage cross-discipline learning and cross-organization collaboration, these special Go! Grants provide up to $500 to cover travel and registration costs to the conference. This opportunity is only available for New York professionals working for non-profits outside of the museum field. Deadline: June 1, 2011 Funding Amount: $500/individual Link: http://www.museumwise.org/?page_id=53
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section 811 supportive Housing for persons with Disabilities Department of Housing and Urban Development is offering a program that provides funding for the development and operation of supportive housing for very low-income persons with disabilities who are at least 18 years old. If you receive funding through this program, you must assure that supportive services are identified and available. HUD provides capital advances and contracts for project rental assistance in accordance with 24 CFR part 891. Refer to Section Iv. e .3 in the NoFA for additional information on calculating the capital advance amount. Deadline: Jun 23, 2011 Funding Amount: estimated Total Program Funding: $114,000,000 Link: http://www07.grants.gov/search/search.do?&mode=vIeW&oppId=86413
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Healthy Homes production program The Healthy Homes Production Program is part of HUDs overall Healthy Homes Initiative launched in 1999. The program takes a comprehensive approach to addressing multiple childhood diseases and injuries in the home by focusing on housing-related hazards in a coordinated fashion, rather than addressing a single hazard at a time. The program builds upon HUDs successful Lead Hazard Control programs to expand the Departments efforts to address a variety of high-priority environmental health and safety hazards. Because FY2011 full-year funding has not been appropriated for this program, the availability of any such funding for these programs is contingent upon future Congressional action. Deadline: Jun 09, 2011 Funding Amount: not stated Link: http://www07.grants.gov/search/search.do?&mode=vIeW&oppId=86573
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asthma Interventions in public and assisted Multifamily Housing Department of Housing and Urban Development is offering a program to fund demonstration projects to improve asthma control among children and others currently residing in federally assisted multifamily housing developments that are administered by local public housing authorities (i.e., public housing) as well as privately owned multifamily housing that is subsidized by HUD (e.g. Project-based Section 8, section 202, and section 811 housing). Because FY2011 full-year funding has not been appropriated for this program, the availability of any such funding for these programs is contingent upon future Congressional action. Link: http://www07.grants.gov/search/search.do?&mode=vIeW&oppId=86634