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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

September 22, 2000

New York City Housing Partnership
Contact:Bud Perrone (212) 843-8068
Rubenstein Associates, Inc., Public Relations

LOCAL BANKS AND HOUSING OFFICIALS TO SHOOT HOOPS TO RAISE MONEY FOR INNER CITY STUDENTS
"Scoring for Scholars" Basketball Tournament to Raise $25,000 for NYC Housing Partnership's New College Scholarship Program

(New York, NY) Septernber 22, 2000- Employees from four local banks, three foundations and a city housing agency joined the New York City Housing Partnership today at a basketball tounnament at Chelsea Piers to raise money for the Partnership's college scholarship program.

The involved organizations were the New York City Housing Partnership, the New York City Department of Housing Preservation and Development, Chase Comrnunity Development Corp., CitiBank N.A., EAB Community Development Corp., Fleet Bank, the Local Initiatives Support Corporation, Neighborhood Partnership HDFC, and the Enterprise Social Investment Corporation.

Each participating bank donated $5,000 to the scholarship fund, while the participating foundations provided another $5,000 combined. With proceeds from the event as well other fund-raising activities, the Housing Partnership will award five college scholarships (one in each borough) next year to high school seniors currently living in neighborhoods where the Housing Partnership is buiIding or has built affordable housing.

"We are grateful to our banking and foundation partners for their generosity. They are helping the Housing Partnership in our efforts to build and strengthen communities. The Partnership is more than just providing affordable homes - it is about improving the overall quality of life in the communities we serve. The scholarship program reflects this mission," said Charles Brass, President and CEO of the Housing Partnership.

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. For more information on the Housing Partnership, log on to the New York City Partnership's website at nycp.org.




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