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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

November 13, 2003

Ribbon Cutting for Two Beulah Developments

Bronx, N.Y. - Beulah HDFC, Inc. commemorates the grand opening of Beulah Commons and New Haven Beulah on Thursday, November 13, 2003 at 10:30 a.m. with a ribbon-cutting ceremony at 768 E. 168th Street. These projects are made possible by the partnerships of the New York City Department of Housing Preservation and Development, the Enterprise Foundation and the New York Equity Fund.

HPD Commissioner Jerilyn Perine said, "preserving the City's housing stock of affordable housing is crucial to making New York more livable for our hand working families and more attractive to new businesses. That's why Mayor Bloomberg has developed a housing plan, which will build or rehabilitate 65,000 units of affordable housing in our City."

Since its inception in 1992, Beulah HDFC, Inc. has created and provided hundreds of affordable housing units-30 building with over 450 apartment units. The largest addition to its portfolio: New Haven Beulah with three buildings located at 1300 Hoe Avenue, 1386 and 1439 Prospect Avenue and Beulah Commons with four buildings located at 768 E. 168th Street, 851 East 169th Street (anticipated completion by the end of November 2003), 1272 Boston Road, and 1418 Clinton Avenue.

The scheduled program includes remarks by representatives from the partnerships, local leaders, and affiliates. The cutting of the ceremonial ribbon will be executed by representatives from the New York City Department of Housing Preservation and Development, the Enterprise Foundation, and the Bronx Borough President's Office. This event will be followed by a photograph display showcasing the organization's twelve-year history and a walking tour of several buildings, culminating in the tour of a newly renovated apartment.

Beulah HDFC, Inc. was created to take an active part in the physical and social renewal of the South Bronx by creating and providing affordable housing, developing local leadership, building public relationships, thinking strategically, and acting to win on issues that enhance lives. The Beulah Board of Directors is comprised of a broad section of clergy, lay leaders, residents and entrepreneurs who come together for the common good. They are involved in shaping the vision and direction of the organization.

Beulah HDFC, Inc. is a 501(c)(3) not-for-profit organization serving its members: St. Augustine RC Church, St. Paul Episcopal Church, Good Shepherd Baptist Church, St. John Evangelical Lutheran Church, Featherbed Lane Presbyterian Church, Masjid Malcolm Shabazz, New Hope for All Saints Lutheran Church, United Beulah Residents, and NDI King Development.

HPD's mission is to promote quality housing and viable neighborhoods for all New Yorkers. The department is the nation's largest municipal housing development agency. Since Fiscal Year 1987, the agency has completed the construction or rehabilitation of 212,000 units of affordable housing. To request a Homeownership Kit or for more information about affordable rental housing, call 311 or log on to nyc.gov/hpd

Press Contacts:

Walter Blenman (Beulah HDFC, Inc.)
(718) 901-3143

Carol Abrams (HPD)
(212) 863-5176




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