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Continuing Careers of Ex-Mets, 2008 (2009 content too)

Guest AG/DC

By Guest AG/DC
in New York Mets Talk

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MFS62 First Round Pick

MFS62

Old-Timey Member
Posted
Posted


Livan Hernandez, signed by the Nats and starting tonight against the Cubs.
[/quote:2duzne58]
The signing was in the "Continuing With Lesser Teams" thread.

Which is the correct place for it?

Later


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Guest John Cougar Lunchbucket

Guest John Cougar Lunchbucket

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Mo Vaughn, urban renewer:

MAYOR BLOOMBERG, SENATOR SCHUMER, CONGRESSMAN SERRANO, SPEAKER QUINN AND FANNIE MAE ANNOUNCE HOUSING DEVELOPER LED BY MO VAUGHN WILL PURCHASE TROUBLED SOUTH BRONX HOUSING PORTFOLIO

Omni New York LLC Will Purchase Debt on Former Ocelot Capital Group Properties, Invest $1 Million in Emergency Repairs and Ensure the Long-Term Health and Affordability of the 416 Units

Mayor Michael R. Bloomberg, Senator Charles E. Schumer, Congressman Jos� E. Serrano, Council Speaker Christine C. Quinn, Deputy Mayor for Economic Development Robert C. Lieber, Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and Fannie Mae Executive Vice President of Housing & Community Development Ken Bacon today announced that Omni New York LLC - led by former New York Met Maurice "Mo" Vaughn - has been chosen as the successful bidder for the debt on a portfolio of properties in the South Bronx owned by entities of the Ocelot Capital Group. The Ocelot entities, which have allowed the buildings to fall into a state of disrepair, recently defaulted on their mortgage, prompting foreclosure proceedings. To ensure the properties ended up in the hands of a responsible developer that would invest in and maintain the affordability of the units, HPD, Fannie Mae and Deutsche Bank worked collaboratively to identify viable bidders for the mortgages covering 14 of the original 25 buildings. The collateral for the current loan portfolio is made up of fourteen individual properties consisting of 416 units with mortgage debt totaling $23.8 million, which Omni has purchased from Fannie Mae and Deutsche Bank at a reduced price through the bidding process. Omni has committed to invest up to $1 million in emergency repairs and will work to obtain the deed to each of the properties in order to take title and become the long-term owner of each property.

"The sale of these buildings to an affordable housing developer with a track record as strong as Omni's is a home run for the residents, the neighborhood, and all of New York City" said Mayor Bloomberg. "When the former building owner allowed the properties to fall into disrepair and defaulted on its mortgage, the residents were understandably worried about the future. That's why the City stepped in - and, working with Fannie Mae every step of the way - we made a commitment to the residents that we would not allow the buildings to fall into the wrong hands and let the cycle repeat itself. Thanks to Fannie Mae, Senator Schumer, Congressman Serrano and others, we've put an end to the uncertainty of these properties, and we're confident that Mo Vaughn and Omni will do right by the residents - and that's something all of us can cheer."


(...blah blah blah...)

"Omni is thrilled to have been chosen as the successful bidder for the Ocelot portfolio. I think this speaks volumes about our history as a responsible developer and our commitment to helping preserve affordable housing for families here in the Bronx and throughout New York City," said Mo Vaughn, co-Managing Director and co-owner of Omni New York LLC. "This outcome could not have been achieved without the hard work and support of Fannie Mae and HPD, and we look forward to moving ahead with the foreclosure process and substantial rehabilitation of these properties."

Omni New York LLC is a real estate development company that was founded by Mo Vaughn and Eugene Schneur to help revitalize neighborhoods. Omni focuses not only on the real estate aspect of revitalization and development, but also on the social aspect of the revitalization of the neighborhood by partnering with community and neighborhood groups to provide social services to the community, such as after-school programs for children as well as skill-building seminars and classes for adults. Since December 2004, it has acquired and has either rehabilitated or is in the process of rehabilitating 2,937 units of affordable housing in New York State.


Guest Edgy DC

Guest Edgy DC

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Posted
Posted


Is Ms. Bucket in on that action?


Guest John Cougar Lunchbucket

Guest John Cougar Lunchbucket

Guests
Posted
Posted


Nah, she does industrial biz deals now


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