FOR IMMEDIATE RELEASE
October 15, 2004
Renee Lindo, CATCH (212) 431-9700 ext.319
HIGHBRIDGE CELEBRATES THE OPENING OF 44 NEW UNITS OF AFFORDABLE HOUSING
The New York City Department of Housing Preservation and Development (HPD) and The Enterprise Foundation have joined forces with one of the city's most reputable non-profit housing development organizations, Community Assisted Tenant Controlled Housing (CATCH). Thursday, October 21, 2004 at 10am on Summit Avenue (between 164th & 165th Street) we will celebrate the completion of newly renovated housing for low and moderate- income families.
The rehabilitation of 997, 1008 and 1012 Summit Avenue through the city sponsored Neighborhood Redevelopment Program (NRP), is in part an effort to revitalize the Highbridge area and improve the living conditions of residents. CATCH is a citywide non-profit organization dedicated to creating and maintaining affordable housing. CATCH takes ownership of distressed private and public sector properties, renovates them and then works with the residents to create local, mutual housing associations (MHAs) that remain affiliated with the organization. Through the creation of these local Mutual Housing Associations, residents are enabled to control and make decision about how they live. The restoration and improvements to their homes makes the residents of these formerly city owned building proud of where they live.
"The Enterprise Foundation is always pleased to see our collaborations with HPD and our non-profit partners like CATCH come to fruition in neighborhoods like Highbridge," said Lydia Tom, Deputy Director of The Enterprise Foundation's New York Office. "Investments in low- and moderate-income housing - like the ones on Summit Avenue - are investments in a better New York for all of us."
"I haven't been a part of the CATCH community for very long, but I am most grateful to be one of the chosen few who have been selected for housing in a CATCH building. I can honestly say that they put much consideration, and thought into the candidates that they select for their organization. They do this because they believe in community, togetherness, and in keeping their communities beautiful and comfortable for living. I am overjoyed to be a part of that community and to CATCH I say - thank you!"
- Shawnda Gadson
One of the great things about HPD's Neighborhood Redevelopment Program (NRP) is that it allows the developer to redesign the units of a building. This often allows CATCH to create apartments with larger living space for residents to accommodate their families. For instance at 997 Summit Avenue we were able t take a building of 8 three bedroom units and make it into a building of 8 two bedroom units. The end result is always pleased residents with larger living accommodations. Our residents are proud of where they live and want to maintain their gorgeous surroundings.
"CATCH did a wonderful job of renovating the building. I love the design of the apartment, especially the bathroom because it has more space. I also love the long hallway and the bedroom," says Cynthia Baldwin, an existing tenant who resides in 1008 Summit Avenue.
"These beautifully rehabilitated buildings demonstrate the effectiveness of public private partnerships that are key to Mayor Bloomberg's $3 billion housing plan, The New Housing Marketplace: Creating Housing for the Next Generation, to fund the rehabilitation or
construction of 65,000 homes and apartments through 2008."
-Wendell Walters, HPD Assistant Commissioner for Alternative Management Programs
The project cost approximately 7.2 million dollars to complete with funding coming from the Department of Housing Preservation and Development in the amount of 4,223,075 of city capital, Federal HOME and CDBG funds and 2,957,540 in proceeds from the syndication of low-income housing tax credits by The Enterprise Foundation. CATCH has built a wonderful working with relationship with HPD, the Enterprise Foundation and other community development organizations and we will continue to work with them to create affordable resident controlled housing for as long as the need exists.
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