The community has been involved in the Aqueduct process because, unlike in Atlantic City and Las Vegas, 60,000 residents in one- and two-family homes live within one-half mile of Aqueduct. The rest of the people in C.B. 10 live within a mile of Aqueduct, Braton added.
Once Paterson declares a bidder, the first order of business will be to have the chosen company present its plans before C.B. 10, Braton said. The bidder will also be asked to speak before various civic groups in the community.
The second subject that received the bulk of attention at the meeting was the foreclosure crisis. Luis Daniel Caridad, coordinator of community education at the Neighborhood Economic Development Advocacy Project, gave a presentation about how foreclosures are affecting C.B. 10s communities.
According to public records, Ozone Park has had 20 foreclosures and 111 pre-foreclosures; South Ozone Park has experienced 60 foreclosures and 204 pre-foreclosures; there have been 12 foreclosures and 39 pre-foreclosures in Howard Beach; and in Richmond Hill there have been 48 foreclosures and 260 pre-foreclosures. In C.B. 9, Woodhaven has had 29 foreclosures and 140 pre-foreclosures.
Many who live in neighborhoods with the highest rate of foreclosures were victims of predatory mortgage lending loans and mortgages that were too expensive and could not be paid back by the buyer, Caridad said.
The mortgage expert also discussed President Barack Obamas Making Home Affordable plan, launched in March to help homeowners avoid foreclosure. The plan, which is available to owner-occupants of one- to four-family homes, allows qualified homeowners to either modify or refinance their mortgage loans. There are no income limits, but the mortgagee must be able to afford loan payments going forward.
To find out if you are eligible to modify or refinance your loan under the plan, contact your lender or loan servicer or call 311 to find a free foreclosure prevention counselor or legal services attorney in your area.
Caridad urged homeowners to beware of anyone who promises to save a home for a fee, charges upfront fees for counseling or loan modification help or pressures you to sign over the deed to your property.
