News: Long Island

CDC of Long Island receives Cinderella grant from National Grid

Community Development Corporation of Long Island (CDC) was awarded a $25,000 Green Cinderella grant from National Grid for energy-efficient improvements made at Twin Oaks, a 94-unit affordable multifamily community currently under rehabilitation. Ken Daly, president of National Grid for New York, presented the check to Marianne Garvin, president & CEO of CDC, on site at the Twin Oaks community today. "We are grateful to National Grid for their support for this important project," said Garvin. "Twin Oaks will not only provide much-needed affordable housing to the area, the units will be efficient to maintain, and the rent levels and utility costs will be affordable for the residents." National Grid's Cinderella community development program has helped to revitalize local communities throughout Brooklyn, Queens, Staten Island and Long Island. Through this program, National Grid offers rehabilitation grants to encourage non-profits, community groups and developers to secure and restore buildings throughout the communities we serve. "National Grid has a long history of working with many organizations on Long Island in support of the local community. We are happy to have this opportunity to help Twin Oaks enhance the energy efficiency of its new multifamily community," said Ken Daly, president, National Grid for New York. "The Cinderella Program is a major part of National Grid's commitment to sustainability and the environment and to improving the quality of life in the communities in which we live and work." In partnership with Conifer Realty, CDC is bringing new, affordable housing units to Hempstead. Twin Oaks will feature 58 one-bedroom and 36 two-bedroom rental apartments, have been improved to NYS "green" standards. Energy efficiency upgrades have been a major focus of the rehab. The heating and hot water systems in the buildings, which are fueled with natural gas, were replaced with modern, Department of Energy compliant systems. For the past 40 years, National Grid's Green Cinderella program has provided grants to projects that encourage energy efficiency and conservation and that showcase environmentally friendly energy technologies. Shown (from left) are: Kathleen Wisnewski, manager, customer & community management/Nassau County, National Grid; Allen Handelman, vice president, Conifer; Mayor Wayne Hall, Village of Hempstead; Ken Daly, president, National Grid for New York; and Marianne Garvin, president & CEO, CDC of Long Island
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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.