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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

August 31, 1999

Contact:
Carol Abrams
(212) 863-5176

HPD HOMEOWNERSHIP MONTH: "NEW HOME, NEW YORK"
September, 1999

HPD and its partners develop homeownership opportunities throughout the City, revitalizing neighborhoods

Mayor Rudolph W. Giuliani has designated September as "Home Ownership Month" for the third consecutive year. NYC Housing Preservation and Development (HPD) Commissioner Richard T. Roberts today announced this year's theme, "New Home, New York" and 31 events to showcase major public/private homeownership initiatives, City investments, and housing education.

HPD Commissioner Roberts said, "Since the start of the Giuliani Administration, we've helped more than 9,750 families buy homes, coops and condos in New York City. We've created more than just houses - we've created neighborhoods."

September's Home Ownership Month includes a block party in Harlem celebrating the Mt. Morris Homeownership Zone, seminars sponsored by Neighborhood Housing Services like a "First Time Home Buyers Workshop," classes at Home Depot University including "Installing Drywall," and educational events in public library branches on "Maintaining Your Home" and "Working with Contractors."

HPD thanks its other Homeownership Month partners -- the NYC Housing Partnership, HUD, the Local Initiatives Support Corporation, Neighborhood Partnership HDFC, the Fannie Mae Foundation, the NY Mortgage Coalition, Project Return, The New York Public Library, Asian-Americans for Equality, Community Preservation Corporation, Citibank/Citigroup, Goldman Sachs, Chase and Dime Savings Bank - for hosting Homeownership Month events.

The City's homeownership programs include 1) new construction of affordable homes on City-owned land, 2) the rehabilitation and sale of buildings that the City acquired

through tax foreclosure, and 3) low-interest loans so owner-occupants can make repairs and improvements.

HPD's mission is to promote quality housing and viable neighborhoods for New Yorkers. The department is the nation's largest municipal housing development agency. Since fiscal year 1994, the agency has constructed or rehabilitated nearly 58,000 units of affordable housing.




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