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Harlem facility gets $300,000 CSS loan.

A Harlem organization will use a newly-closed $30,000 loan from the Community Service Society of New York to renovate a brownstone located at 145 West 130th Street to house 20 homeless persons with AIDS/HIV.

Harlem StandUp plans to open the facility in November 1992. The six-month CSS loan, which carries an interest rate of 4 percent, will be used to buy materials to restore the 100-year-old three-story brownstone. Young adult volunteers from Europe will provide the people power to paint and restore the electrical system, plumbing and sheetrock

Founded in June 1991 by Paula Palmateer and Louis Jones, Emmaus Harlem StandUp will offer onsite supportive services and peer group counseling. The new center will provide outreach and information about testing, counseling, prevention and also make referrals to medical services and various agencies. StandUp's founders and counselors will live in the building along with the tenants.

The loan was made through CSS' Program Loan Fund, a revolving fund of nearly $7 million, established in 1984 to provide nonprofit organizations in housing and economic development efforts with below market-rate short-term financing. The PLF, which has given more than 80 loans, has helped to create housing units for families, the homeless and elderly people, jobs for unemployed men and women, and rental and condominium space for not-for-profit organizations.

The Community Service Society of New York is a non-profit social services agency which for nearly 150 years has addressed issues of poverty for New York City's disadvantaged residents.
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Title Annotation:Community Service Society of New York makes loan to Harlem StandUp charity organization
Publication:Real Estate Weekly
Date:Aug 19, 1992
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