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October 2, 2009

Velázquez Helps Revitalize the Local Community

NEW YORK, NY – Today, Congresswoman Nydia M. Velázquez (D-NY) presented Cypress Hills Local Development Corporation (CHLDC) with $122,821 in federal resources to help spur economic development in the community.  The funds will support the Cypress Hills Economic Revitalization Initiative (CHERI), a program aimed at strengthening local entrepreneurs, providing job training, foreclosure prevention and financial literacy. This is part of a larger federal investment, totaling more than $850,000, which the organization has received over the past year.

“This new program will bolster the local economy by helping entrepreneurs run successful businesses, assisting workers with finding jobs and keeping homeowners in their homes,” said Congresswoman Velázquez

At today’s event, Velázquez applauded Cypress Hills LDC on offering a wide range of services specific to the needs of residents in the current economic environment. CHLDC will help ensure prospective homeowners know their rights, options and responsibilities. Unemployed workers will have access to assistance with interview preparation and resume writing, as well as job referral services. The new program will also support local entrepreneurs operating family day care businesses by making technical assistance more readily available. 

“During these very hard economic times, the Cypress Hills Local Development Corporation has been working tirelessly to line up resources and services to assist our community’s most vulnerable and neediest make it through the recession.  We are deeply grateful to Congresswoman Velazquez for her efforts in bringing federal dollars back to Cypress Hills for critical workforce development, small business assistance and human services,” said Michelle Neugebauer, Executive Director, Cypress Hills Local Development Corporation.

In addition to the most recent funding, Congresswoman Velázquez has assisted Cypress Hills in obtaining a number of federal grants over the past year.  These include a $505,744 Youth Build from the U.S. Department of Labor, a $100,000 Weed and Seed grant from the U.S. Department of Justice, and a $135,000 Head Start grant from the U.S. Department of Health and Human Services.  The resources are being used to expand Head Start services, train disconnected youth in the construction trades and help them gain their high school equivalency diplomas, protect against violence, and assist New Yorkers in surviving the recession.