Rehab Completed on 20-unit Building in Harlem: Low Income Residents Prepare for Homeownership in coming weeks.

NEW YORK, NY – October 30, 2009 – (RealEstateRama) — The Urban Homesteading Assistance Board (UHAB) announces the completion of rehabilitation and permanent financing of 20-units of affordable housing that will soon become a low-income cooperative.


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UHAB was founded in 1973 to help transform New York City renters in distressed, foreclosed, and abandoned property into homeowners who collectively own and govern housing cooperatives.
 
Since then UHAB has created over 30,000 units of affordable co-ops in 1,700 buildings, and continues to work with residents to create and sustain high-quality housing co-operatives that will remain affordable, in perpetuity, to people of modest means. Within in the next three years, 2,000 homeownership units will be generated for low-income families. UHAB is involved in converting 25 former NYCHA buildings into private co-ops run by former tenants. Three co-ops in the Bronx have been completed.

Contact:

Jess Wisloski
Communications, Webmaster
Urban Homesteading Assistance Board
120 Wall St., 20th Fl.
NY, NY 10005
(212) 479-3312
(718) 360-7113 cell

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