In the late 60s, its mission being largely accomplished, the cooperative sold its assets to form the Consumer-Farmer Foundation, Inc. to focus on another of Mr. Parodneck’s longstanding interests, improving the housing conditions of low-income New Yorkers.
Mutual housing is a housing model widely used in Europe. CATCH is a mutual housing association, with about 800 units of housing, representing over $77 million dollars in private and public investment. Community Assisted Tenant Controlled Housing, Inc (CATCH) is an affiliated program of the foundation that, at the invitation of residents, local politicians, non-profit agencies, or the city, arranges and oversees the rehabilitation of abandoned or dilapidated buildings for eventual conversion to resident control.
The Foundation has a budget of approximately $1.7 million. Roughly a quarter of our income is derived from foundation, government and corporate grants, the balance from development fees and government contracts. We are governed by a board of 11 independent directors and have 21 full-time employees.
But most of our assistance is provided programmatically through direct loans to senior homeowners ($1,599,000); remediation services ($2,825,000 in refinancing); and arranging for financing assistance for mutual housing ($12,027,700), all in 2007.
We welcome tax deductible contributions to help support our work. Please feel free to look through our website, and to contact us at:
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