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Sunday, April 06, 2008

THE CENTER FOR NEW YORK CITY NEIGHBORHOODS ANNOUNCES SELECTION OF MICHAEL HICKEY AS FOUNDING EXECUTIVE DIRECTOR

The board of the Center for NYC Neighborhoods (CNYCN), in conjunction with the City’s Department of Housing Preservation and Development and the New York City Council, today announced the selection of Michael Hickey as the Center’s first Executive Director. Hickey’s appointment was approved by the CNYCN board on Wednesday. Since 1998, Hickey has served as Vice President of Community Development for Deutsche Bank, one of the top three investment banks in the world. The CNYCN is an independent, not-for profit entity that was founded by the City of New York, the New York City Council and non-profit partners to fund a major expansion and coordination of counseling and referral services, legal assistance, loan remediation, preventive outreach and education, training, research and advocacy around sub-prime lending and mortgage foreclosures. The initiative has a projected budget of $5.3 million in the first year and will seek to assist up to 18,000 New Yorkers annually. The number of foreclosure auctions in New York City in February 2008 accounted for the highest monthly count of foreclosure auctions in the past five years, with 371 foreclosure auctions citywide, demonstrating the need for the CNYCN’s work.

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