Management firm creates program to 'REinvest Success' in community.Cooper Square Cooper Square is a junction of streets in Manhattan, New York City. It is at the confluence of the neighborhoods of The Bowery, the East Village and the Lower East Side. It is fed directly from the south by Bowery at East Fourth Street which becomes Third Avenue after Saint Mark's Realty Inc., one of the city's leading property management firms, has teamed with Community Access (CA), a non-profit program that helps the homeless help themselves, to establish an ongoing percentage-of-profit donor program, dubbed dub 1 tr.v. dubbed, dub·bing, dubs 1. To tap lightly on the shoulder by way of conferring knighthood. 2. To honor with a new title or description. 3. "REinvest re·in·vest tr.v. re·in·vest·ed, re·in·vest·ing, re·in·vests To invest (capital or earnings) again, especially to invest (income from securities or funds) in additional shares. Success." It is hoped that the innovative program will spur additional contributions as well as other initiatives on behalf of the homeless from the 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 real estate community. Already, the, Jerome Belson Foundation has contributed $5,000 to REinvest Success. "We saw this as a meaningful way that Cooper Square could get involved in dealing with a truly serious problem here in New York. Now I hope others in the real estate industry will join us," stated David Kuperberg, president of Cooper Square, who conceived of REinvest Success. Under the program, Cooper Square Realty dedicates a portion of profit from each new apartment owner or tenant in its buildings as a contribution to Community Access, a group that helps homeless find apartments. Kuperberg, who has supported the CA program for nearly two decades, recently saw the opportunity to try not only to help all CA tenants, but others who might reach out to the housing program for its assistance. Community Access was founded in the early 1970s by the families and friends of people who had to deal with the problem of loved ones loved ones npl → seres mpl queridos loved ones npl → proches mpl et amis chers loved ones love npl being shut out of state psychiatric hospitals psychiatric hospital n. A hospital for the care and treatment of patients affected with acute or chronic mental illness. Also called mental hospital. . CA is now in the business of providing safe, desirable homes for persons who have been and are at risk of homelessness. Today, with private support, and state and city subsidies, CA rents about 50 apartments in privately owned buildings throughout 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. . It has also developed about 350 units of transitional and permanent housing in its five buildings. In his REinvest program, Kuperberg uses this formula: Each time someone moves into a Cooper Square owned or managed apartment, it makes a donation to Community Access. A minimum annual donation by Cooper Square of $10,000 is guaranteed. The greater the firm's profits, the greater the contribution. There is no ceiling to this effort. |
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