Forty-Seven Vacant Properties in Foreclosure in Essex County, NJ to Be Reclaimed By a Community Coalition Led by HANDS,
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NEWARK, NJ, Mar 30 (MARKET WIRE) --
WHAT: A coalition of non-profit organizations led by HANDS, Inc.,
lenders and local government will announce details of a
pioneering mortgage purchase program to reclaim communities hard
hit by foreclosure. The forty-seven mortgages are on properties
located in Essex County, NJ, but the tactics and strategies of the
program to reclaim and strengthen neighborhoods hit by foreclosure
can be replicated throughout New Jersey and across the country.
The Press Conference is followed by roundtable discussion of next
steps featuring lenders, community foundations, non-profit builders
and developers and government and is open to the press.
WHO:
-- Patrick Morrissy, Executive Director, HANDS, Inc.
-- Robert O. Zdenek, President, New Jersey Community Capital
-- Michael Meyer, Director, Office of Economic Development and
Housing, City of Newark
-- Nelson Merced, Director, National Initiatives and Applied
Research, NeighborWorks(R) America
-- Homeowner who lives near one of the vacant homes
WHEN: Wednesday, April 1, 2009 10:00 AM
WHERE: Episcopal Community Development; Episcopal House, 2nd Floor
31 Mulberry Street, Newark, NJ 07102
PHOTO OPPORTUNITY:
Press invited to film at two of the homes before or after the press
conference:
82 Carolina Avenue, Newark, NJ 07106
123-125 Lindsley Avenue, Newark, NJ 07106
Photos of all the homes are available at:
http://www.flickr.com/photos/36513811@N06/?saved=1
Contact:
Robin Gordon
HANDS, Inc.
973-678-3110
robin@handsinc.org
Jennifer Bredehoft
New Jersey Community Capital
609.989.7766, x401
jbredehoft@njclf.com
Susan Jouard
NeighborWorks(R) America
917.842.2601
sjouard@nw.org
Copyright 2009, Market Wire, All rights reserved.
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