ver the past two years, there has been a significant increase in foreclosure

filings across New York State. New York City saw nearly 15,000 lis pendens
filings-legal notice of an intent to initiate foreclosure proceedings-in 2007, up
from 7,000 in 2005. In 2008, the City has experienced a further 33 percent
increase, with filings projected to hit 20,000 by the end of the year.
Neighborhoods such as Jamaica, Baychester, East New York and the North Shore
of Staten Island have been particularly hard hit.
Congress created the Neighborhood Stabilization Program (NSP) under the
Housing and Economic Recovery Act of 2008 (HERA) with the goal of providing
grants to states and localities for the redevelopment of foreclosed and abandoned
homes and multi-family properties. The grants are intended to prevent further
decline in neighborhoods that have experienced a high rate of foreclosures. Based
on federal funding formulas, New York State will receive $54.5 million and New York City will get $24.3 millions for these efforts.
Under federal guidelines, priority will be given to areas with the greatest percentage of home foreclosures, areas with the highest
percentage of homes financed with subprime mortgages, areas with the greatest amount of vacant homes, and areas likely to face a
significant increase in the rate of home foreclosures. The guidelines also state that all funds must benefit households earning less than
120 percent of the local Area Median Income (AMI) with 25 percent of the funds assisting households at 50 percent of AMI.
The U.S. Department of Housing and Urban Development (HUD) required New York State and New York City to develop program
plans. The full plans are available on the respective agencies websites and are summarized below.
New York State
The New York State Housing Finance Agency (HFA) will administer and oversee the distribution of state NSP funds. In addition to the
$54.5 million in federal dollars, the New York State Affordable Housing Corporation (AHC), a subsidiary of HFA, will put in an
additional $10 million. Of this $64.5 million administered by the state, $5.3 million will be awarded to New York City.
Priscilla Almodovar, President and CEO of HFA and AHC, called the NSP program a vital tool in the states efforts to protect
communities at risk and to confront the growing problem of vacant and abandoned homes in New York. Ms. Almodovar also said, This
program enforces Governor Patersons goal of utilizing our scarce resources as efficiently as possible during these difficult economic
times. I encourage local governments and not-for-profits to consider applying for these funds.
HFA intends to make these funds available through a Request for Proposals (RFP) process. Local governments, nonprofits, and other
providers are eligible to apply. Entities that receive funds will be able to buy, renovate, and re-sell or rent foreclosed and abandoned
properties.
The criteria that HFA will use to award allocations include:
Assist at least 10 units;
Include a strategy for neighborhood stabilization, including addressing factors that could contribute to future foreclosures;
Include high-quality pre-purchase homeowner counseling;
ANHD
ANHD
The Reader
...of Housing and Community News...
January 2, 2009 Volume XXXIV Issue 1
Inside
APARTMENTS FOR
SALE OR RENT
See page 4.
Contents:
Resources and Notices . . . . 4
Calendar of Events . . . . . . . 5
Job Listings . . . . . . . . . . . 6
This newsletter is made possible through the generous support of Bank of America, Capital One N.A.,
JPMorganChase, M&T Bank, Ridgewood Savings Bank and Washington Mutual.
New York State and City Develop Plans to Spend
Federal Neighborhood Stabilization Funds
O
O
The ANHD Reader, www.anhd.org, January 2, 2009 Page 2
ANHD INC. is a not-for-profit social welfare organization which advocates on behalf of New York City community-based
non-profit housing organizations and the neighborhoods they serve. ANHD INC. advocates for comprehensive, progressive
housing policies and programs to support affordable, flourishing neighborhoods for all New Yorkers, especially our lower
income residents.
The ANHD Reader (USPS 695-890, ISSN: 1536-6758), The ANHD Reader, 50 Broad Street, Suite 1125, New York, NY10004,
is published 26 times per year (bi-weekly) for $30 for individuals and community based organizations, and $60 for citywide
nonprofits, banks, foundations, and government agencies by ANHD INC. Periodical Postage paid at New York, NY.
POSTMASTER: Send address changes to The ANHD Reader, 50 Broad Street, Suite 1125, New York, NY 10004. Phone:
(212) 747-1117. Fax: (212) 747-1114.
Leverage substantial additional resources;
Assist multiple municipalities and multiple locations;
Demonstrate experience in supervising and administering
block grant programs;
Incorporate "green" building and energy efficiency
improvements;
Include long-term affordability;
Include supportive housing to help homeless persons live
independently.
Proposals must be submitted to HFA by February 10. A copy of the
RFP is available on the agencys website at: www.nyhomes.org.
The agency invites questions to be sent to nsp@nyhomes.org.
Irene Baldwin, Executive Director of ANHD, said, We commend
Priscilla Almodovar and the New York State Housing Finance
Agency for making these funds available to community-based
housing groups. Local not-for-profit developers are best positioned
to identify and renovate these troubled properties and put them
back into productive use as affordable homes. She added, We
also want to applaud the state for encouraging developers of these
properties to keep them affordable in the long-term.
New York City
In response to the HUD requirement that NSP funds be targeted to
areas with the greatest need and that a range of households earning
below 120 percent of AMI be served, New York City established
the following two-pronged strategy:
1) Real Estate Owned (REO) Strategy: Using 75 percent of its
$24.3 million federal NSP allocation, The Department of Housing
Preservation and Development (HPD) and the Center for New
York City Neighborhoods will establish a credit facility that will be
used to acquire and renovate REO properties by nonprofit
organizations with HPD oversight. In December 2008, Mayor
Bloomberg announced that the city would use this credit facility to
buy up to 115 foreclosed homes to stabilize numerous
neighborhoods in Queens and Brooklyn. The rehabbed homes will
be resold as affordable housing to families earning up to 120% of
Area Median Income (AMI). It is expected that these 115
properties would generate between 250 and 300 units of affordable
housing.
2) Owner-Abandoned Multifamily Property Strategy: The other 25
percent of NSP funds (approximately $6 million) will be used in
existing HPD programs such as 7A and the Alternative
Enforcement Program (AEP) targeting families earning up to 50%
AMI. HPD will utilize NSP to fund private building administrators
to acquire and rehabilitate abandoned and foreclosed properties,
assisting renters affected by the subprime and foreclosure crisis.
Neighborhood stabilization efforts targeting renters earning up to
50% AMI will overlap with areas identified as having the greatest
need. For example, all 11 properties identified for NSP funding in
the 7A pipeline are located in neighborhoods listed in the greatest
need ranking chart. This chart (see below), is based on the number
and rate of foreclosures, subprime loans, and lis pendens in the
citys sub borough.
AREAS OF GREATEST NEED: Neighborhood Ranking of
Highest Percentage of Foreclosures by Sub Borough Area
1. Jamaica, Queens
2. Bellerose/ Rosedale, Queens
3. North Shore, Staten Island
4. Howard Beach/ S. Ozone Park, Queens
5. Kew Gardens/ Woodhaven, Queens
6. Rockaways, Queens
7. South Shore, Staten Island
8. Bedford Stuyvesant, Brooklyn
9. Jackson Heights, Queens
10. Williamsbridge/ Baychester, Bronx
11. East New York/ Starrett City, Brooklyn
12. Flatlands/ Canarsie, Brooklyn
13. Mid-Island, Staten Island
14. East Flatbush, Brooklyn
15. Hillcrest/ Fresh Meadows, Queens
16. Flushing/ Whitestone, Queens
17. Soundview/ Parkchester, Bronx
18. Middle Village/ Ridgewood, Queens
19. Bushwick, Brooklyn
20. Morrisania/ East Tremont, Bronx
ANHD supports the citys two-pronged approach and decision to
target NSP funds in neighborhoods in greatest need. However, the
short-term affordability of NSP funded projects is a great concern.
Under the current proposal, both rental and homeownership
projects are required to remain affordable for only 15 years. For
rental projects, this is significantly shorter than the typical 30 year
affordability term for most of HPDs current programs. Given NSP
funding is intended to ensure the stabilization of neighborhoods,
ANHD believes a better approach would require the owners to
maintain affordability in perpetuity.
For more information about the NSP program or how to apply for
state funds, contact Dave Hanzel at davidb.h@anhd.org.
The ANHD Reader, www.anhd.org, January 2, 2009 Page 3
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with a lender they trust. Bank of America is the right choice for your clients
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Visit http://neighborhoodlending.bankofamerica.com to nd out how
Bank of America can provide the best mortgage solution for your clients.
APARTMENTS FOR SALE OR RENT
Metropolitan Council on Jewish Poverty announces
that applications are being accepted for 18 affordable
housing rental apartments at 228 East 46th Street in the
Turtle Bay section of Manhattan.
L&M Prospect Plaza LAC announcers that applications
are being accepted for 150 affordable housing rental
apartments under construction at 467 Howard Avenue in
the Ocean Hill section of Brooklyn.
ALL SAINTS HOUSING announces that applications
are being accepted for 78 affordable housing rental
apartments at 55 East 131 Street, 50-58 East 132 Street
and 1948 Park Avenue in the East Harlem section of
Manhattan.
For more information visit the website at:
www.nyc.gov/html/hpd/html/apartment/lotteries.shtml
Applications are available for 18 new condo
apartments in the Harlem section of Manhattan, at 2280
Frederick Douglas Boulevard. For more information visit
the website at:
www.nyc.gov/html/hpd/html/buyers/lotteries.shtml.
CS Melrose Site C-1 Townhouses LAC is accepting
applications for the Brook Avenue Townhouses. This
development consists of 4 three family Houses and 2
mixed- use three story townhouses, located between
Brook and Third Avenues in the Melrose section of the
Bronx. For more information visit the website at:
http://www.nyc.gov/html/hpd/html/buyers/lotteries.shtml.
FUNDING FOR PERMANENT AND
TRANSITIONAL SUPPORTIVE HOUSING
The New York City Human Resources Administration is
seeking qualified vendors to operate and maintain 363
units of permanent supportive congregate housing and
401 units of transitional supportive congregate housing.
The deadline for proposals will be February 4, 20089. For
more information visit the website at: https://a069-
webapps3.nyc.gov/ACCORFP/contact_info.aspx?rfpn=RF
P_Supportive_Congregate_Housing.pdf.
FUNDING FOR RENTAL ASSISTANCE
FOR NON-ELDERLY PERSONS
The US Department of Housing and Urban Development
(HUD) announces that funding is available for Rental
Assistance for Non-Elderly Persons with Disabilities
Related to Certain Types of Section 8 PBDs. Vouchers
under this NOFA will assist non-elderly disable families
that are not currently receiving housing assistance in
certain Section 8 project-based developments due to
owners establishment of preferences for the admission of
elderly families. The deadline to apply is January 30,
2009. Eligibility is extended to PHAs that currently
administer a HCV program. For more information visit the
website at:
http://www07.grants.gov/search/search.do?&mode=VIEW&
flag2006=false&oppId=44235.
FUNDING FOR DROP-IN CENTERS
New York City Department of Homeless Services is
seeking qualified vendors to operate day-only Drop-In
Centers: two in Manhattan, and one each in Brooklyn,
Queens and Staten Island, that provide housing placement
services to single homeless adults living on the streets of
New York City. The deadline to apply is January 15, 2009.
For more information contact Calvin Pitter, Deputy Agency
Chief Contracting Office, at (212) 361-8413, or email at
cpitter@dhs.nyc.gov.
RESPITE BED PROGRAM FOR HOMELESS ADULTS
The New York City Department of Homeless Services
wants qualified contractors to develop and operate a new
program called The Respite Bed Program. This program
will serve homeless single adults. The funding for this
program is intended to encourage creative approaches to
serve this population. The deadline to apply is January
15, 2009. For more information contact Kayona Wall,
Administrative Staff Analyst at (212) 361-8439, or email to
kwall@dhs.nyc.gov.
The ANHD Reader, www.anhd.org, January 2, 2009 Page 4
Resources and Notices
This area highlights available resources and funding
opportunities for nonprofit organizations.
44 Wall Street, 12
th
Floor
New York, NY 10005
(212)461-2338
www.goldsteinhall.com
Affordable Housing Development
Real Estate Development
Property Tax Exemptions and Abatements
Community and Economic Development Law
Cooperative and Condominium Law
Purchase and Sale of Real Estate
Not-For-Profit and Business Law
The ANHD Reader, www.anhd.org, January 2, 2009 Page 5
The Superintendents Technical Association meets
monthly on the 4th week of each month. Meeting days of
the week vary. For up-to-date information on meeting
places, dates and topics, please visit www.nycSTA.org. All
persons are welcome to all meetings at no charge. For
more details, please call the Secretary-Treasurer, Dick
Koral, at (718) 552-1161 or email him at:
rkoral@citytech.cuny.edu.
The Association for Neighborhood and Housing
Development, Pratt Center for Community
Development and the Supportive Housing Network of
New York host a monthly forum to learn and share
information about how to make an existing housing
portfolio more energy efficient, healthier, and more
financially viable.
January 7, 2009, 10 am - 12 noon: Using the Sun
to Power Affordable Housing. Every day, enough
sunlight falls on New York City to provide more than
twice our current usage of electricity. Learn about how
solar energy works and how to harness solar energy
for affordable housing.
Location: Pratt Manhattan, 144 West 14th Street, NYC.
Fee: $20 per session payable at the door. A light
breakfast will be served. To register visit the website at:
www.prattcenter.net/events. For more information email
wfleisch@pratt.edu or erubin@shnny.org.
Lawyers Alliance for New York announces its Calendar
of Upcoming Workshops:
January 15, 2009, 9:00 to 11:00 am:
Incorporation, Tax Exemption, and Fiscal
Sponsorship. Location: Lawyers Alliance for New
York, 330 Seventh Avenue, 19th Floor, NYC. Free for
NYF Grantees.
Unless otherwise indicated, the registration fee is
$50/person; $45/person if payment is received at least
three days in advance; and free for representatives of
current New York Foundation grantees. For more
information call (212) 219-1800, or fax to
(212) 941-7458.
Calendar of Events
Submission deadline: Items for The ANHD Reader
Calendar of Events for January 16 - January 30 must be
received by Wednesday, January 6.
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EXECUTIVE DIRECTOR
The Association for Neighborhood & Housing Development,
NYC, seeks an Executive Director, position available March,
2009. ANHD is an established non-profit housing advocacy
organization and a trade association of NYC community-based
housing groups. We have 100 members, 12 employees and an
operating budget of $1 million dollars. Responsibilities: The
Executive Director works closely with the Board of Directors to
implement the agencys mission and s/he has full responsibility
for the day-to-day operations of the organization. Skills: The
Executive Director must have strong leadership skills. ANHD is
a member-driven organization and the Director must be familiar
with and committed to that model of advocacy and decision-
making. S/he should be an excellent manager and administrator
and must be a proven fundraiser. Must have a strong
understanding of ANHDs projects and programs and should be
an experienced advocate able to engage in effective coalition-
building. Must have outstanding communication skills.
Experience: Minimum five years experience in affordable
housing in some combination of
development/organizing/advocacy/technical assistance
delivery/policy research. Five years or more experience in non-
profit management; experience must include fundraising.
Demonstrated familiarity with NYC community-based housing
groups and working knowledge of City and State housing
agencies. Bachelors degree or above. Salary: Up to $95,000.
Good benefits. To Apply: Applicants should review the full job
description at www.anhd.org/popup.html Submit cover letter,
resume and writing sample to search@anhd.org. Upon
submission, applicants will receive electronic delivery receipt.
Women and people of color encouraged to apply. Posting open
until January 5, 2009.
FORECLOSURE COUNSELOR
New York Mortgage Coalition is seeking a Foreclosure
Counselor. Responsibilities: Conduct group workshops + one-
on-one counseling with homeowners facing or about to face
default on their homes. Counseling includes reviewing
income/expenses with borrower, developing realistic budget,
determining cause of delinquency, and discussing options to cure
delinquency. Target audience is sub-prime mortgage borrowers
throughout NYC with particular emphasis on labor union
memberships. Qualifications: Previous foreclosure counseling
experience strongly desired, deep knowledge of mortgages and
underwriting a must. Must have excellent presentation skills and
be able to work well independently. Salary: Competitive salary
plus comprehensive benefits. Candidate would be based out of
NYMCs Broad Street office. Send resume and cover letter to:
Ken.I@anhd.org
TECHNOLOGY CENTER PROGRAM COORDINATOR
Beulah HDFC is seeking a Technology Center Program
Coordinator. Responsibilities: To provide technology based
job readiness skill development training and job placement,
supported employment and case management services to enable
adults to accomplish their vocational /employment goals. The
position will also set a curriculum for youth related development
programs. Qualifications: Must be able to work independently.
Must be able to teach and give presentations. Computer skills
must include Microsoft Office Suite and Internet. At least 2 years
experience as a Corporate Trainer or Certified Instructor on
computer software products. Bachelor's Degree preferred. Please
e-mail resume and salary requirements to
sanopd@yahoo.com Fax 718-901-3178. Attention
DIRECTOR. No calls please.
The ANHD Reader, www.anhd.org, January 2, 2009 Page 6
Job Listings
To place an ad in the next issue, fax copy to ANHD at
(212) 747-1114 or email ray.g@anhd.org. The deadline
for the January 16th issue is January 6th.
Price List for Job Listings:
1 issue: $35, 2 issues: $60, 3 issues: $75
ANHD members in good standing will receive one issue with job listing at no charge.
PLEASE limit copy to 100 words. ANHD INC.reserves the right to edit text.
To place an ad in the next issue, fax copy to The ANHD Reader at (212) 747-1114 or email to ray.g@anhd.org.
The ANHD Reader, www.anhd.org, January 2, 2009 Page 7
We have
a habit
of building
communities.
Its something weve always enjoyed doing.
And for over two decades, Chase has
worked closely with public, private, and
not-for-prot entities for the benet of
low and moderate-income communities
and families. Through our Community
Development Group, weve dedicated
ourselves to strengthening areas in need.
Using market-driven strategies, we leverage
our nancial resources and expertise to
build successful real estate projects that
strengthen and revitalize the communities
we serve. Because Chase knows that it
takes more than hammers and nails to build
communities. It takes people.
jpmorganchase.com/cdg
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