CPC Provides Permanent Financing for Seven Renovated Properties in Harlem
CPC's Bronx office recently closed a $681,037 permanent loan to refinance seven gut renovated Harlem buildings sponsored by the NYC Dept. of Housing Preservation and Development (HPD) and the U.S. Dept. of Urban Housing and Development (HUD) under HPD's 203K program focused on neighborhood revitalization. (read more ...)
Hurdles in Renegotaiting Mortgages - New York Times, December 30, 2009
In New York City, where 20,000 homeowners faced foreclosure this year, a recent study by the Center for New York City Neighborhoods found that lenders have offered new or trial mortgages to just 3 percent of the homeowners who have sought help. Gerald Carter, one of Paraodneck’s foreclouse counselors, was quoted in an extensive story on this problem in the New York Times,
"It’s a constant Catch-22: They never give you their name," said Gerald Carter, a counselor with the Parodneck Foundation in New York City, which receives city and state money to advise homeowners. "You call back and say, 'No, I was talking to Bob last time,' but Bob wouldn't give his last name — not even an employee ID number. So you start over."
Daily News Profile
Lucy Williams, a Parodneck client and recipient of a SCHAP (Senior Citizens Homeowner Assistance Program) home repair loan, was recently profiled by the Daily News (February 19, 2009) and discussed how to be "nice to herself financially."
Wall Street Journal Profile
On November 15th, 2008,the Journal profiled Dorothy Womble, 89, and Gloria O’Loughlin, 88, both residents of CATCH's Logan Gardens, among a group of four seniors who had survived the Great Depression.
Parodneck Client on BBC TV. On October 28th, BBC TV
presented a report "US Pensioner’s Mortgage Woe," on the mortgage foreclosure crisis. The two minute segment, http://news.bbc.co.uk/2/hi/business/7694526.stm, summarized the crisis to date and interviewed several observers, including Frances McDonald of Queens, one of Parodneck’s clients. Ms. McDonald was interviewed at her home with Sotirios Assimacopoulos, a Parodneck Remediation Specialist,and is shown here outside her house with Gerald Carter, also a Parodneck Remediation Specialist.
Other Media Coverage
- City Limits Weekly, June 9,2008 – Review of “The Concept of Community: Lessons from the Bronx”, by Harold DeRienzo, IPOCPress
- “Where the Foreclosures Are” – Parodneck on the Brian Lehrer Show on WNYC – April 11/08
- Logan Gardens Rededication on NY1News -March 20,2008
- “The American Nightmare”- L’Express (major French newsweekly),Feb. 7, 2008
- Federal mortgage action comes too late, says Parodneck counselor -NY Daily News, Dec.1,2007
- Jerome Liblit, longtime Parodneck Board Member, passes away - NY Times, Nov. 8,2007
- Rebuilding Community by Harry DeRienzo- National Civic Review,2007
- Foreclosures drop sharply on the Island, Staten Island Advance,Feb. 13, 2007
- CATCH Prepares to Take Over Building-Harlem Tenants Get Heat- Columbia Spectator, Jan. 2005
- One Housing Woe Gives Way to Another; New York Is No Longer Awash in Abandoned Buildings. Now the Issue Is Supply, NYTimes, 2003
- New Roles for Nonprofit Housing Groups, NYTimes, 2001
- Homesteaders, Nearly Homeowners; After Hard Work and a Break, a Building Is Almost Theirs, NYTimes, 1998
- From Milk And Mortar, Help and Hope, NYTimes, 1997
- The Growing Nonprofit Partnership With For-Profits, NYTimes,1996