New Board Member: Sherrilynn Novack was accepted on to the board, thus completing our requirement to have at least thee board members who live within the bounds of New Brunswick.
New Member-At-Large: Maria Paradiso, a Rutgers professor at the School of Social Work will be sitting at the board meetings and providing support, guidance, and suggestions. She comes with ample experience in community outreach and development.
The Finance Chair reported on our proposed budget. A collection of donations from the board members was made; $125 was received. Thus the Treasurer and President were able to open a bank account Amboy Bank on George Street, New Brunswick and to make a deposit.
Fund-raising: The board approved the recommendation to meet with the Finance Committee of First Reformed Church, requesting that the church be named as the CDC’s Guarantor for the $50,000 Pre-development Loan with the Corporation of Supportive Housing.
The board approved the final version of the application to become a Community Housing Development Organization with the city of New Brunswick. The application has been submitted to Glenn Patterson at the Department of Planning & Development.
A separate meeting with a small team for fund-raising was determined, which would then look into other grant and funding sources.