Friday, July 30, 2010

CARVER PRESS

Carver Federal Savings Bank and Food Bank For New York City Partnership is a Multi-Million Dollar Success
NEW YORK, MAY 26, 2010 — Carver Federal Savings Bank (“Carver”), established a partnership with Food Bank For New York City to help nourish the financial health of thousands of Harlem residents. As part of this partnership, Carver Community Development Corporation (“Carver CDC”), a wholly owned subsidiary of Carver, hosted a Volunteer Income Tax Assistance program in its offices on 145th Street in Manhattan, which secured over $7.5 million in tax refunds for Harlem and New York City residents. Read more.

FEDERAL HOME LOAN BANK OF NEW YORK AWARDS $560,000 AFFORDABLE HOUSING GRANT IN MOUNT VERNON
Mount Vernon, New York – The Federal Home Loan Bank of New York announced today the award of a $560,000 affordable housing grant to the Greater Centennial Community Development Corp. to help finance the construction costs of the Zion Court project, which will provide 28 units of housing for moderate- and very low-income families through the rehabilitation of four buildings. Carver Federal Savings Bank, a Home Loan Bank member, submitted the application for the funding. Read more.

FEDERAL HOME LOAN BANK OF NEW YORK AWARDS $2 MILLION AFFORDABLE HOUSING GRANT IN THE BRONX

Bronx, New York – The Federal Home Loan Bank of New York announced today the award of a $2 million affordable housing grant to the Belmont Arthur Avenue LDC to help finance the construction costs of the Findlay Teller Apartments project, which will renovate 163 studio and one-bedroom apartments for low- and very low-income senior citizens. Carver Federal Savings Bank, a Home Loan Bank member, submitted the application for the funding. Read more.


GOLDMAN SACHS PARTNERS WITH NEW YORK CITY AGENCIES TO FINANCE COMMUNITY DEVELOPMENT IN BEDFORD-STUYVESANT BROOKLYNNEW YORK-- The NYC Housing Development Corporation (HDC), the NYC Housing Preservation and Development (HPD), The Goldman Sachs Group, Inc. and BRP Development announced an innovative $45 million real estate transaction to develop much-needed affordable housing and retail space in Bedford-Stuyvesant, Brooklyn. To be built under Mayor Michael R. Bloomberg’s New Housing Marketplace Plan (NHMP), the new mixed-use, mixed-income project, called “The Bradford,” will include 105 apartments for low- and middle-income families. Read more.