OBAMA ADMINISTRATION ANNOUNCES MORE THAN $50 MILLION TO HELP NEW YORK'S VERY LOW-INCOME ELDERLY AND PERSONS WITH
DISABILITIES

NEW YORK - Senior citizens and persons with disabilities in New York will soon be able to find additional affordable housing, thanks to more than $51,559,700 in housing assistance announced today by the U.S. Department of
Housing and Urban Development (HUD). The funding will provide interest-free capital advances to non-profit developers so they can produce accessible housing, offer rental assistance, and provide supportive services for
the elderly and persons with disabilities.

Nationwide, more than $550 million in grants were announced today. They are provided through HUD's Section 202 and Section 811 Supporting Housing programs and will fund 169 projects in 46 states. See the attachment for a detailed summary of each New York grant or visit HUD's website.

"The Obama Administration is committed to making sure our senior citizens and persons with disabilities have opportunities to live in decent, affordable homes," said HUD Secretary Shaun Donovan. "Neither of these groups should ever have to worry about being able to find a safe place to live."

Section 202 Capital Advance ($454.5 million nationwide to assist very low-income elderly)

HUD's Section 202 Capital Advance Program expands the supply of affordable housing with supportive services for
the elderly. It provides very low-income elderly persons 62 years of age or older with the opportunity to live independently in an environment that provides support services to frail elderly resident.

In addition to funding the construction, acquisition, and rehabilitation of multifamily developments, HUD's Section
202 program also provides Project Rental Assistance Contract (PRAC) funds to subsidize the rents so that residents only pay 30 percent of their adjusted incomes.

To be eligible for the assistance a household must be classified as "very low-income," which means an income less than 50 percent of the area median. Nationally, based on 50 percent of the national median family income with an applicable adjustment for household size, a one-person household would need to have an income equal to or less
than $22,400 a year.

Section 811 Capital Advance ($95.7 million nationwide to assist very low-income with disabilities)

This housing, most of which will be newly constructed, typically is small apartment buildings, group homes for three
to four people per home, or condominium units. Residents will pay 30 percent of their adjusted income for rent and
the federal government will pay the rest.

Capital advance funds are awarded under HUD's Section 811 program, providing housing for households with one or more very low-income individuals with a disability. Under this program at least one person must be 18 years or older and have a physical or developmental disability or chronic mental illness. The term "person with disabilities" also includes two or more people with disabilities living together, and one or more persons with disabilities living with one
or more live-in attendants. The program provides persons with disabilities the opportunity to live independently in
their communities by increasing the supply of rental housing with the availability of supportive services.

To be classified as "very low-income," a household income cannot exceed 50 percent of the area median income. However, most households that receive Section 811 assistance have an income less than 30 percent of the area median. Generally, this means that a one-person household will have an annual income of about $13,450.

HUD provides the Section 202 and Section 811 funds to non-profit organizations in two forms:

• Capital Advances. This is funding that covers the cost of developing, acquiring, or rehabilitating the
  development. Repayment is not required as long as the housing remains available for occupancy by very
  low-income elderly persons for at least 40 years for (under Section 202) or very low-income persons with
  disabilities (under Section 811).
  
  
• Project Rental Assistance Contract (PRAC). This is funding that goes to each development to cover
  the difference between the residents' contributions toward rent and the HUD-approved cost of operating
  the project.

SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY

New York

Project Location: Bronx, NY
Non-Profit Sponsor: The Hebrew Home for the Aged at Riverdale
Capital Advance: $9,329,600
Three-year rental subsidy: $1,419,300
Number of units: 59
Project Description:
The funds will be used for the substantial rehabilitation of a vacant apartment building to create 58 one-bedroom units for very low-income elderly households. The project's sponsor, the Hebrew Home for the Aged at Riverdale,
is nationally recognized as pre-eminent in the field of senior service delivery. The existing community spaces will support an array of services complemented by a Service Coordinator. Sustainable materials will be used whenever possible.

Project Location: Bronx, NY
Non-Profit Sponsor: Highbridge Community HDFC Inc
Capital Advance: $9,802,200
Three-year rental subsidy: $1,492,800
Number of units: 62
Project Description:
The funds will be used to construct 61 one-bedroom units for very low-income elderly persons. Supportive services will include health and nutrition education and screening, exercise programs and computer classes. An intergenerational program is also proposed enabling the elderly residents to serve as mentors and tutors to children
in the neighborhood. An on-site Service Coordinator will be provided to assist the frail and independent elderly in obtaining appropriate services as their individual needs may require.

Project Location: Brooklyn, NY
Non-Profit Sponsor: Cypress Hills Local Development Corp.
Capital Advance: $8,541,800
Three-year rental subsidy: $1,296,900
Number of units: 54
Project Description:
The funds will provide for the demolition of a long underutilized New York City-owned Department of Environmental Protection structure and the new construction of 53 one-bedroom units for very low-income elderly. Supportive services will include transportation assistance to access social and medical resources and on-site recreational, nutritional and health services. A Service Coordinator will provide linkages to benefits. The design of the building
will feature sustainable materials whenever possible.

Project Location: Dewitt, NY
Non-Profit Sponsor: Christopher Community
Capital Advance: $4,803,500
Three-year rental subsidy: $455,400
Number of units: 37
Project Description:
An allocation of funding has been approved to provide for the new construction of 36 one-bedroom units for very
low-income elderly persons, plus 1 two-bedroom non-revenue unit, at 219 Tecumseh Rd in Town of Dewitt, NY.
This location was carefully chosen to ensure community integration for the residents of this housing. The building
will be developed to facilitate accessibility issues to ensure universality and visitability, the delivery of services to
the residents in an economical fashion for the next 40 years, as well as promote energy efficiency.

Project Location: Henrietta, NY
Non-Profit Sponsor: Episcopal Senior Life Communities
Capital Advance: $2,617,700
Three-year rental subsidy: $247,200
Number of units: 20
Project Description:
An allocation of funding has been approved to provide for the new construction of 20 one-bedroom units of housing for very low-income elderly persons and an additional 20 units supported with mixed financing at 3831 East
Henrietta Rd, Henrietta, NY. The location was carefully chosen to ensure community integration for the residents.
The building will be developed to facilitate accessibility issues, the delivery of supportive services for the next 40 years, and promote energy efficiency.

Project Location: Webster, NY
Non-Profit Sponsor: Continuing Development Services
Capital Advance: $2,617,700
Three-year rental subsidy: $247,200
Number of units: 20
Project Description:
An allocation of funding has been approved to provide for the new construction of 20 one-bedroom units of housing for very low income elderly persons and an additional 25 units supported with mixed financing at 840 Holt Rd,
Webster, NY. This location was carefully chosen to ensure community integration for the residents. The building will be developed to facilitate accessibility issues to ensure universality and visitability, the delivery of services to the residents in an economical fashion for the next 40 years, as well as promote energy efficiency.

SECTION 811 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES

New York

Project Location: Buffalo, NY
Non-Profit Sponsor: Community Services for the Developmentally Disable
Capital Advance: $1,116,600
Three-year rental subsidy: $99,000
Number of units: 8
Project Description:
An allocation of funding has been approved to provide for the new construction of one independent living project
that consists of 8 one-bedroom units for 8 persons with developmental disabilities at 257 Hopkins Street, Buffalo,
NY. The location was carefully chosen to ensure community integration for the residents. Accessibility features and availability of supportive services will allow the residents to live as independently as possible for the next 40 years. The design will also promote energy efficiency.

Project Location: Medford, NY
Non-Profit Sponsor: Concern for Independent Living, Inc.
Capital Advance: $3,016,900
Three-year rental subsidy: $293,700
Number of units: 12
Project Description:
The funds will be used for the acquisition and rehabilitation of six group homes each serving two residents who are capable of living independently. This is the Sponsor's fourteenth Section 811 Project. Supportive services will be provided to each resident based upon their individual need. Services will include case management, employment counseling and health care. Each group home will promote green development by meeting the Enterprise Green Community Standards.

Project Location: Yonkers, NY
Non-Profit Sponsor: Westhab, Inc.
Capital Advance: $3,623,700
Three-year rental subsidy: $538,500
Number of units: 23
Project Description:
The funds will be used for the new construction of a 22 unit independent living apartment which will be the first
new multifamily construction in the Nodine Hill section of Southwest Yonkers in over 30 years. The sponsor,
Westhab, is the premier provider of affordable housing and related services in Westchester County. Services will include intensive on and off-site case management. A LEED for Homes Certification is expected upon completion of construction.

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HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.