Hopes comes to Harlem.Hope Community, Inc. (Hope), a not-for-profit community development corporation (CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation ) in East Harlem, will host a ribbon cutting ceremony A ribbon cutting ceremony is a public ceremony conducted to inaugurate the opening to the general public of a new building or business. Often, it is conducted in just the manner the name suggests: by tying a ceremonial ribbon across the main entrance of the building, which on Thursday, December 18, at 5:00 p.m. to celebrate the opening of the Ortiz Wittenberg Residence, which will provide 44 new apartments for low-income and formerly homeless families. The event is sponsored by Lettire Construction, the contractor on the project. Constructed by Hope Founders HDFC HDFC Housing Development Finance Corporation (India) HDFC Housing Development Fund Corporations (New York City limited-equity, low income, housing cooperatives) HDFC Huntington's Disease Family Center , the residence was made possible through the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Department of Housing Preservation and Development (HPD HPD Honolulu Police Department (Honolulu County, Island of Oahu) HPD Housing Preservation and Development HPD Housing Preservation and Development (New York City Department) ) 85/85 Program. That program is jointly administered and funded by HPD and the State's Housing FinancingAgency, which provided more than $8 million in the form of a 35-year mortgage. The Ortiz Wittenberg Residence is located at 171 East 109th Street. Twenty-three apartments are reserved for formerly homeless families who must be referred by New York City HPD's Homeless Unit. The building will feature interior and exterior community space, as well as a counseling facility, which will provide links to supportive services. Jerome M. Becker, chairman of HFA., said, "This loan represents a partnership with Hope Community; it is an investment in the future of New York City that will generate positive social and economic benefits for resident families and the East Harlem community for years to come." |
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