Showing Posts by Date: 12/2018
12.21.2018
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On November 19th, the Network submitted comments on the Community Reinvestment Act (CRA) regulations, in response to an Advanced Notice of Proposed Rulemaking (ANPR) issued by the Office of the Comptroller of the Currency (OCC), one of three federal entities that oversees the program. The CRA was passed in 1977 as a response to redlining, the discriminatory practice of denying investment and mortgage financing opportunities to communities of color. According to the statute, banks are required to meet the credit and deposit needs of the “communities in which they are chartered,” including low- and moderate-income (LMI) neighborhoods. Banks receive a rating based on qualitative and quantitative data in three areas: lending, services, and investment.
12.14.2018
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Some 60 friends, funders, tenants and partners gathered on a crisp December morning to celebrate the opening of The Maple Residence- a 66 unit supportive/affordable building in the Crown Heights neighborhood of Brooklyn. Developed by The Bridge, Maple will bring 50 units of supportive housing to vulnerable New Yorkers suffering from mental illnesses, and 16 units of affordable housing to low-income families in the community.
12.07.2018
Building on years of joint venture research and events, the Network hosted its first ever hands-on workshop on negotiating joint venture partnerships in supportive housing development. The event was hosted by Capitol One and facilitated by Network and Enterprise Community Partners staff members. CEOs and development professionals from 18 nonprofit organizations in New York City, as well as development partners from Bronx Pro and CSD Housing attended the morning workshop.
Continue Reading … | Network Events12.06.2018
On November 29th, Governor Cuomo announced the winners for the first phase of the Vital Brooklyn RFP. The Network congratulates the winners, including Network members Services for the UnderServed (SUS), RiseBoro, CAMBA, Federation of Organizations, Apex Building Company, and MDG Design + Construction.
Continue Reading … | Funding, New York State