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Commercial Property News (05/08/2006) < back to list
NYC Affordable Housing Project Receives $83M in Financing
The East Parkside Residents Association and the Parkside Evans Playground are finally getting something they desperately need: Some old-fashioned TLC. ...
[CoreNet members are reaching out to these two organizations through a community reinvestment challenge.] The East Parkside association has been operating for the past years out of what was once an abandoned house. The association turned the derelict sturcture into a refuge for neighborhood children. It's a place where kids can go after school and on weekends to be safe and have fun. ... But the building has no heating, a bad roof, no sprinklers, poor wiring, boarded-up windows and is in need of new carpeting, as well as a fresh paint job. ...
The West Parkside community center has hardships of its own. the 1,600-square-foot center has lead paint peeling off its walls, no refrigerator and old equipment, among other challenges. ...
"We have a wish list that would take it up to $25,000," said Pat Patrick, Director of Business Development for Hunter Roberts Construction Group, which is helping to organize this part of the overall reinvestment and to determine how much to spend.
Patrick's to-do list includes repainting the lines on the basketball courts and putting up new nets, painting the backboards, installing bleachers and lights for night play, cleaning the picnic area, fencing the park and mulching the grounds. The center will receive an interior paint job, a new computer nook, water fountains, bathroom upgrades, new games and furniture.
CoreNet has earmarked $30,000 for both projects, split evenly between them. CoreNet volunteers will work on the projects April 21 and 22.