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Neighborhood Housing Services offering new program.


Fran Justa, executive director of the Neighborhood Housing Services of 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.
, and Stephen J. Hunt For other persons of the same name, see Stephen Hunt.

Stephen John Hunt is a British professor of sociology at the University of the West of England[1]. Prior to his appointment at the University of West England in 2001, Hunt had taught at the Sociology Department
, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of the New York Housing Finance Agency, announced a new program aimed at helping small property owners rehabilitate New York City's housing stock.

The New York State Small Owners Assistance Pilot Program will offer low-interest rate loans to the owners of 5-20 unit properties for the necessary renovation and repair of newly vacated apartments, currently occupied apartments, and buildings wide systems. NHS NHS
abbr.
National Health Service


NHS (in Britain) National Health Service
 will administer the program with financing from HFA.

"The intent is to allow small apartment owners the opportunity to affordably improve their investment and provide New York residents with sound and secure housing," said Justa.

SOAPP SOAPP State-of-the-Art Power Plant (Electric Power Research Institute, Inc)
SOAPP Subjective, Objective, Assessment, Plan, Prevention
 offers a five-year, 1% interest loan of up to $20,000 to qualified applicants. The funds may be used to make emergency repairs and eliminate code violations, replace or repair faulty structures, fixtures, and heating units, as well as replace old appliances and remove health and safety hazards.

As a part of each loan, an NHS construction services manager will prepare a scope of work, conduct inspections for scheduling of pay-outs to contractors, and issue a certification of completion.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 13, 2002
Words:197
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