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Article: Vallone speaks at Building Congress event. (New York City Council Speaker Peter F. Vallone; New York Building Congress Forum)
- Article from:
- Real Estate Weekly
- Article date:
- December 13, 1995
CopyrightCOPYRIGHT 1995 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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City Council Speaker Peter F. Vallone announced a new $20 million "Homeworks" program to rehabilitate homes throughout the city and reported that the Giuliani Administration has agreed to support the proposal. Vallone discussed the initiative, designed to stabilize old landmark neighborhoods, at a New York Building Congress Forum on October 19th.
"Homeworks" would underwrite low-interest bank loans to finance purchase and renovation of individual City-owned one-to-four family homes which are deteriorating and threatening the value of other homes nearby. Vallone believes a small City investment would encourage private development and create a stabile, middle-class ...