The Parodneck Foundation For Self-H Elp Housing & Community Dvlpnt Inc
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- EIN 11-2229635
- (212) 431-9700
- 121 Sixth Avenue Suite 501 New York NY 10013-1510 USA
- www.parodneckfoundation.org
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Nonprofit Overview
Causes: Home Improvement & Repairs, Homeless & Housing, Housing Rehabilitation
Mission: The principal purpose of the organization is to provide direct financial and technical assistance to low income senior citizen homeowners, low income tenants, and community development efforts in the city of new york. This is accomplished through the provisions of no and low interest and forgivable loans, the administration of government loan funds for qualified low income individuals and groups, technical assistance to neighborhood preservation and development efforts, and counseling in the areas of predatory lending remediation, foreclosure prevention, and loss mitigation.
Programs: The mission of the parodneck foundation for self-help housing and community development, inc. (the "foundation") is to provide financial and technical assistance to self-help housing and community development efforts throughout new york city. The foundation pursues this mission through a number of program initiatives, substantially all involving the provision of short-term and long-term financing. Schap - senior citizen homeowner assistance programthrough this program, the foundation provides home improvement loans and other forms of financial assistance to low-income seniors who are at risk of losing their homes for reasons ranging from deferred maintenance to being victimized by predatory lenders. Resources for this program are obtained through public and private sources, the majority coming from the city of new york, acting through its department of housing preservation and development. The foundation is a licensed mortgage bank in the state of new york and originates and services mortgages that meet the credit needs of low and moderate income borrowers. Loan terms vary from conventional interest bearing and fully amortizable to fully forgivable loans.
hdfc support programthrough this program, the foundation works with local leaders of self-help cooperatives and mutual housing associations, developing initiatives for overall long-term viability of the hdfc sector (about 20,000 units in new york city), identifying distressed properties, targeting appropriate assistance, providing loans, and providing for long-term monitoring and assistance.
foreclosure remediationthe foundation provides foreclosure prevention and counseling services to distressed homeowners throughout many new york city neighborhoods. 2015 funding has been provided by various private and public programs/grants including the center for nyc neighborhoods, division of housing & community renewal, nys housing trust fund; city of ny department of youth & community renewal, and nys ag homeowner protection program.