Parodneck Foundation for Self-Help Housing and Com. Dev., Inc., The

New York NY


Incorporated in September 1970.

CDFI Awards for Parodneck Foundation for Self-Help Housing and Com. Dev., Inc., The


FA (2004) - $1,050,000

Parodneck Foundation for Self-Help Housing and Community Development, Inc. will use their awards in the following way: The $1,000,000 Financial Assistance award will be used for two existing financial products: 1) home equity loans to senior homeowners victimized by predatory lending, (many of whom are African American and Latino and 2) housing development/rehab loans to Housing Development Fund Corporations (HDFCs) -- a legal structure for many of New York City"s tenant-purchased buildings. Between 80% and 90% of HDFC loans will be made to buildings located in Hot Zones. The $50,000 TA award will be used to purchase new efficiency enhancing technology and loan management software.



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