Another Seniors’ Residence Opening In Hallets Cove In Astoria
Maloney said the project, to be called Hallets Cove Apartments, was sponsored by the St. George Episcopal Church Housing Corporation. The facility will consist of 55 one-bedroom rental units in a seven-story, elevator complex.
A portion of the units would be handicapped accessible and reserved for frail elderly, Maloney said. The remaining units will be handicapped adaptable, she added. The project will also include onsite parking, laundry facilities, a courtyard and a community center.
Maloney (D–Queens/Manhattan) said that the Astoria Federal Savings and Loan Association was providing principal financing for the project and that additional financing was being provided by low income housing tax credits and Alliant Mortgage.
The project is designed to promote a healthy, senior-oriented community environment, Maloney said, with the availability of supportive services, such as housekeeping, meals, laundry and educational and awareness programs provided by the St. George’s Episcopal Housing Program.
The sponsor will also provide recreational, social and fitness activities, Maloney added. Public transportation and a retail area within walking distance are additional amenities.
“I want to thank St. George’s Episcopal Church for sponsoring this much needed low-income housing in Astoria,” Maloney stated. “I would also like to extend my gratitude to the people of Federal Home Loan Bank of New York, whose support makes projects such as this one possible. The Hallets Cove Apartments will greatly improve the lives of its senior residents and strengthen the quality of the community overall.”
Queens County Clerk Gloria D’Amico was among those who cut the ribbon to open the new high-rise senior housing development located in what used to be the parking lot of the Variety Boys and Girls Club of Queens. The $13.5 million project was sponsored by the Boys and Girls Club Board of Directors President Thomas Nowierski, presided at the dedication ceremonies.
NEW WRINKLE, SAME OPPOSITION: Republican lawmakers in Washington came up with a different privatization plan for Social Security last week, but it brought the same stern opposition from Democrats as did President Bush’s controversial proposal.
U.S. Senator Charles Schumer (D–New York) pronounced the new GOP proposal “dead on arrival,” declaring.
“They can twist themselves into any pretzel shape they want. As long as privatization is on the table, there will be no compromise on Social Security.”
Under a proposal put forth by U.S. Senator Jim DeMint, a Republican from South Carolina, private, individual investment accounts would become an optional Social Security plan by using surplus revenue from the existing program to finance them.
This differs from the president’s plan, which would have used the total collected workers’ payroll taxes to finance the new private accounts.
One of the drawbacks to the president’s proposal was that present members’ benefits would be cut in order to introduce his new private investment plan.
Basically, DeMint’s plan uses money from the Trust Fund to carry out his proposal, so it would still be taking the Social Security tax paid by every worker to finance his proposal, and it would probably lead to reduced benefits eventually for those workers who don’t opt for private accounts as well as existing Social Security members.
However, DeMint’s proposal was criticized as not doing anything to prop up the expected shortfall in the program when the Trust Fund is depleted by 2017.
The House’s top Democrat, Minority Leader Nancy Pelosi of California, rejected DeMint’s plan, saying: “The perils of privatization apply here just as they did to the Bush proposal.”