Industry organizations played important role after Sept. 11.Real estate industry organizations played a crucial role in healing the city's wounds after the tragic events of Sept. 11. One group, The Associated Builders and Owners of Greater New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Inc. (ABO ABO See: Accumulated Benefit Obligation ) initiated a rigorous fundraising
The aid was distributed to those who suffered the death of a family member or the loss of employment in a business located south of Canal Street Canal Street may refer to:
Despite a total lack of experience running a major, ongoing charitable effort, the ABO mailed checks an average of 17 days after applications were received. The ABO also absorbed all administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. of the program to ensure that every dollar went to help the recipients. The program has finally been concluded, but not before ABO disbursed over four million dollars in financial housing assistance to victims. The assistance went to 1,680 New Yorkers, with grants averaging $2,408. The money was intended to provide three months of rent or mortgage assistance, or up to $5,000 per recipient. Recipients included those who suffered the death of a family member or a loss of employment in a business located south of Canal Street. The money disbursed by the ABO was part of a larger $9 million dollar fund raised by the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than (NAHB NAHB National Association of Home Builders NAHB National Academy of Health and Business (Canada) ). Donations came from homebuilders and affiliated members in states all over the nation. As the local chapter of the NAHB, the ABO received an initial allocation of $630,000 late in December and began its work as a charitable organization This article is about charitable organizations. For other uses of the word charity, see Charity. A charitable organization (also known as a charity) is an organization with charitable purposes only. . Several dozen faxed, mailed and hand-delivered applications poured in each day, and staff members fielded more than 50 phone calls per day to the 24-hour information line. In just the first three months of the program, the ABO had allocated $1.48 million to 600 victims. Due to the overwhelming need and the ABO's speedy and fair processing, the NAHB repeatedly sent additional funds, eventually reaching the $4 million dollar total. The charitable efforts of the ABO were recognized by Sen/ Charles E. Schumer (D-NY). He personally thanked ABO's approval committee and staff members for their efforts. "The ABO is proud that we were able to assist so many victims during the trying times we have all been through," said Jerome Belson, president of the ABO. "Our staff and approval committee donated their time and effort, and our organization absorbed every penny of the administrative costs, to make sure that applicants received every dollar that was available, as quickly as possible." |
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