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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

July 21, 2000

Press Contacts: Carol Abrams (212) 863-5176
Lisa Bellucci (Partnership) (212) 493-7589

NYC HPD Announces Designation of Developers
for Round V of Neighborhood Entrepreneurs Program

Development to Create 2,800 Affordable Housing Units
in the Bronx, Harlem and Brooklyn

New York City Department of Housing Preservation and Development (HPD) Commissioner Richard T. Roberts today announced the designation of 19 developers for Round V of the Neighborhood Entrepreneurs Program (NEP), which will create 2,800 units of affordable rental housing in the South Bronx, Harlem, and Central Brooklyn. The developers were selected from among 104 entrepreneurs who responded to the Request for Qualifications issued last December.

"NEP is one of the most successful development programs at HPD," said Commissioner Roberts. "Since the program was established in 1994, more than 2,400 units of housing and 72 commercial properties have been rehabilitated by the 30 entrepreneurs who have participated in the program to date. They have done a tremendous job in helping us rebuild neighborhoods throughout the City."

"We are pleased to work hand-in-hand with the City and neighborhood developers to provide affordable rental housing throughout New York," said Charles A. Brass, president of the New York City Housing Partnership. "The NEP program has been instrumental in the rejuvenation of communities all over the City."

The developers selected for Round V of NEP follow. Each developer was selected based on their property management experience, financial strength, rehabilitation experience, strong ties to the community, and past work with government agencies and non-profit organizations. Construction is projected to begin in mid 2001.

NEIGHBORHOOD ENTREPRENEURS PROGRAM
ROUND V

BRONX

Entrepreneur
[Principal(s)]
Name of Cluster
[# of Buildings/# of Units]
Community
District
Garcia Building Management
[Angel Garcia]
Beck Street
[9 buildings / 95 units]
2
Sandra Erickson Management
[Sandra Erickson]
Clay Avenue
[8 buildings / 110 units]
3
PRB Realty *
[Elsie Ortiz]
Park Avenue
[11 buildings / 167 units]
3
Krislen Management *
[Kristina & Eddie Torres]
Crotona Park
[9 buildings / 171 units]
3
RSE Management *
[Ramon Escobar]
Melrose Commons
[9 buildings / 184 units]
1, 3
Bronx Pro Real Estate Mgmt. *
[Peter Magistro, William Windram]

East 168th Street
[6 buildings / 130 units]

4

MANHATTAN

Entrepreneur
[Principal(s)]
Name of Cluster
[# of Buildings/# of Units]
Community
District
LaSoeur Mgmt. & Development
[Coy M. LaSister]
West 141st Street
[6 buildings / 189 units]
10
Global Partners LLC
[Ralph McKoy, Alan Levine]
West 111st Street
[8 buildings / 168 units]
10
R. Kenyatta Punter & Associates
[R. Kenyatta Punter, Anthony McFadden,
Phillip Morrow, Jerry Farnett]
Seventh Avenue
[11 buildings / 169 units]
10
Lemor Realty *
[Leroy & Kenneth Morrison]
West 145th Street
[9 buildings / 198 units]
10
Horsford & Poteat Realty *
[Robert Horsford, Ed Poteat]
West 148th Street
[9 buildings / 156 units]
10
Brooker & Warren *
[Jeffrey Brooker, Bernard Warren]
West 139th Street
[9 buildings / 145 units]
10
Jonathan Feigenbaum
[Jonathan Feigenbaum]
Amsterdam Avenue
[11 buildings / 189 units]
9
ET Management
[Jose Espinal]
East 129th Street
[10 buildings / 146 units]
11
City Property Management *
[William Guerrero]
East 115th Street
[9 buildings / 137 units]
11

BROOKLYN

Entrepreneur
[Principal(s)]
Name of Cluster
[# of Buildings/# of Units]
Community
District
LaSoeur Mgmt. & Development
[Coy M. LaSister]
West 141st Street
[6 buildings / 189 units]
10
Global Partners LLC
[Ralph McKoy, Alan Levine]
West 111st Street
[8 buildings / 168 units]
10
R. Kenyatta Punter & Associates
[R. Kenyatta Punter, Anthony McFadden,
Phillip Morrow, Jerry Farnett]
Seventh Avenue
[11 buildings / 169 units]
10
Lemor Realty *
[Leroy & Kenneth Morrison]
West 145th Street
[9 buildings / 198 units]
10
Horsford & Poteat Realty *
[Robert Horsford, Ed Poteat]
West 148th Street
[9 buildings / 156 units]
10
Brooker & Warren *
[Jeffrey Brooker, Bernard Warren]
West 139th Street
[9 buildings / 145 units]
10
Jonathan Feigenbaum
[Jonathan Feigenbaum]
Amsterdam Avenue
[11 buildings / 189 units]
9
ET Management
[Jose Espinal]
East 129th Street
[10 buildings / 146 units]
11
City Property Management *
[William Guerrero]
East 115th Street
[9 buildings / 137 units]
11

* Repeat Entrepreneurs

The Neighborhood Entrepreneurs Program has received an "Innovations in American Government Award" from the Ford Foundation, Harvard University's John F. Kennedy School of Government, and the Council for Excellence in Government. The program was also recognized by the U.S. Department of Housing and Urban Development (HUD) as one of its "100 Best Practices."

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 completed the construction or rehabilitation of nearly 58,000 units of affordable housing.

The New York City Housing Partnership works to promote development of affordable housing, revitalization of neighborhoods and expanded participation by local residents and entrepreneurs in the economic benefits of community development. The Housing Partnership was established in 1982 by the City's business and civic organization, the New York City Partnership.




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