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Margert in the News
HUD'S HOME
Program Reaches ONE MILLION Mark
The Full Story
Owensboro, Kentucky home becomes milestone in landmark
affordable housing program
WASHINGTON - Twenty years ago, Senator Alan Cranston, Congressman Henry
Gonzalez and housing advocates from across the country designed a new block
grant program exclusively dedicated to producing affordable housing. Today, the
U.S. Department of Housing and Urban Development's HOME Investment Partnerships
Program (HOME) has produced one million units of affordable housing.
Located in Owensboro, Kentucky, the one-millionth "HOME unit" is home to
Michelle Nash, a mother of three who helped to construct the three-bedroom,
two-bathroom house along with Habitat for Humanity.
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Foreclosure Sales Slow, but
Remain Very High
The Full Story
Huge backlog of
distressed properties means any housing recovery is a long way away
LOS ANGELES — Sales of homes in some stage of foreclosure declined in the first
three months of the year, but they still accounted for 28 percent of all home
sales — a share nearly six times higher than what it would be in a healthy
housing market.
Foreclosure sales, which include homes purchased after they received a notice of
default or were repossessed by lenders, hit the highest share of overall sales
in a year during the first quarter, foreclosure listing firm RealtyTrac Inc.
said Thursday.
"It's an astronomically high number," said Rick Sharga, a senior vice president
at RealtyTrac. "In a normal market, you're looking at the percentage of homes
sold in foreclosure to be below 5 percent."
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Redevelopment of Thriftway Mall in the Works
The Full Story
Redevelopment of Associated Supermarket on Mott
Avenue’s Iconic Thriftway Mall in the Works
Rockaway, New York – May 31, 2011 – New York City Councilman James
Sanders, Jr. (D-31), today congratulated the management and ownership of Mott
Avenue’s Thriftway Mall, for their long term lease agreement with
Associated Market. The restructured agreement will expand Associated’s
presence within the shopping center, and calls for the refurbishment of the
current building and surrounding plaza, with construction due to begin at the
end of the year.
“I am proud to be part of an ongoing process which I hope will help to
revitalize downtown Far Rockaway,” said Councilman Sanders. “For years, the
Thriftway Mall has stood at the epicenter of Mott Avenue’s bustling business
district, yet its potential as an engine for job creation, economic
revitalization, small business, and entrepreneurial opportunity has never been
fully realized. Revitalizing the Thriftway Mall has been a hard fight,
and while we hope today’s announcement is a sign of bigger things to come, the
fight is far from over. I encourage the entire Far Rockaway community to
continue the fight for the economic revitalization of our community.”
Councilman Sanders has met on numerous occasions with the management of the
Thriftway Mall as part of an ongoing outreach effort that he hopes will
lead to the eventual refurbishment and revitalization of the plaza. The
economic fortunes of Mott Avenue’s businesses and local patrons are in many ways
tied to the Mall’s strategic location within the Far Rockaway community.
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CM James Sanders Leads Protest Against PHC Closing
The Full Story
Workers Protest Closure Of Peninsula Hospital
By Angela Chen, NY1
Hundreds of employees of Peninsula Hospital in Far Rockaway, Queens protested
the planned closure of their workplace in Wednesday.
Peninsula officials say they have taken steps to close the hospital in the face
of mounting financial pressure.
If that happens, about 1,000 employees would lose their jobs.
Union workers and elected officials said the state Department of Health can save
the hospital, if Governor Andrew Cuomo would give it more money.
By late Wednesday, the city Health Department has not yet returned NY1's request
for a comment, but union officials say the department has worked with a nearby
hospital to create some jobs for workers who would lose their jobs.
View video.
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