REAL ESTATE DEVELOPMENT
OUR FOCUS
RDRC’s Division of Real Estate Development provides both residential
housing and commercial revitalization services throughout the Rockaway
peninsula. The Division has the capacity and expertise to identify
distressed residential properties, provide housing assistance and
homeowner counseling services. The Division is also engaged in the
acquisition, rehabilitation and construction of commercial, retail
and professional office space throughout the Rockaways.
OUR SERVICES
NEIGHBORHOOD PRESERVATION SERVICES
RDRC is committed to preserving the quality of housing throughout
the Rockaways. Towards this goal, RDRC has earned multiple designations
from Federal, State and City agencies to provide housing counseling
and neighborhood preservation services.
Funded by the NYS Division
of Housing and Community Renewal, RDRC is able to promote and
preserve housing for low and moderate-income individuals by providing
home ownership financial counseling that assist low and moderate
income persons in attaining or retaining home ownership by improving
their financial capacity. www.dhcr.state.ny.us
Funded by the NYC Department
of Housing, Preservation and Development, RDRC is a Neighborhood
Preservation Consultant responsible for identifying distressed properties
that could result in abandonment. These properties are thoroughly
inspected and assessed by our trained housing specialists, and the
owner is provided with resources and options to correct the violations.
HOMEBUYERS COUNSELING SERVICES
Certified by the Department of Housing
and Urban Development, persons in need of housing counseling
services are referred to RDRC for advice on buying a home, renting,
default, foreclosure, credit issues or reverse mortgages.
FIRST TIME HOMEBUYERS CERTIFICATE PROGRAM
The RDRC First Time Homebuyers Certificate Program is a ten hour
program consisting of a two-hour orientation followed by four two-hour
sessions. The goal of the Program is to simplify the home buying
process, by providing our clients with the necessary information
to understand the terminology, and to make the right decisions about
their home choice and bank products.
FORECLOSURE COUNSELING AND LOSS MITIGATION
Funded by the State
of New York Mortgage Agency (SONYMA) and the Office
of the Queens Borough President, RDRC has developed a comprehensive
approach to educating and assisting clients in navigating the housing
and homeownership market post purchase. For persons experiencing
difficulties in financially maintaining their home, our Foreclosure
Counseling and Loss Mitigation services include: client advocacy;
available options to maintain your home; forbearance agreements;
and options to consider when you cannot afford to keep your home.
COMMERCIAL REVITALIZATION
FAR ROCKAWAY MAIN STREET PROJECT
Funded by the NYS
Housing Trust Fund, the NY
Main Street Program funds commercial revitalization projects
focused on façade and storefront improvements, building renovations
and streetscapes. The program provides up to $10,000 in matching
funds for façade and storefront improvements, and up to $50,000
in matching funds for building improvements.
RDRC RENAISSANCE CENTER OFFICE BUILDING PROJECT
The Renaissance Center project involves the acquisition, renovation,
and lease-up of a five-story masonry structure located on the main
commercial corridor in the Downtown Far Rockaway shopping district.
This building is the tallest structure on the commercial strip and
has been vacant since 1995. The renovation of this building will
hopefully spur other building owners to make significant capital
improvements to their properties thus improving the look of the
commercial district.
The construction work requires a complete renovation of the structure
and will include all new systems and interior layouts. A commercial
space will be created on the ground level which will be occupied
by a Dunkin Donuts franchise. The second and third floors will be
available for professional service businesses and RDRC will relocate
its offices to the fourth and fifth floors.
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