SOURCE: Birchez Associates

 

ESOPUS, NY--(Marketwire - August 31, 2009) -

What:   Representative Maurice D. Hinchey, federal, state and local
        officials join to "launch" an innovative affordable senior housing
        community that looks and feels like a luxury hotel, complete with
        Hudson River views.

Why:    The announcement of freezing cost-of-living adjustments for Social
        Security payments, along with rising Medicare drug premiums, have
        left many seniors worried over how they will afford food,
        medication and decent housing. A model solution to the critical
        need for affordable senior housing, The Birches at Esopus, an
        80-unit state-of-the-art senior housing community, was developed
        by Birchez Associates LLC, a regional leader in senior and
        workforce housing.

        Local, state and federal bank and housing officials and the
        developer will discuss how, even during challenging economic
        times, these communities can be built with a combination of public
        and private funding. Birchez Associates is bringing quality
        solutions to affordable housing and making a real difference in
        the lives of seniors. Residents will be available for tours of the
        facility and to discuss the benefits of "aging in place" and how
        the facility adds to their overall health and quality of life.

When:   Sept. 3, 2009, 11 a.m.

Where:  35 Dick Williams Lane, Ulster Park, NY

Who:    Federal, state and local officials:
        Representative Maurice Hinchey;
        Priscilla Almodovar, President and Chief Executive
        Officer - New York State Housing Finance Agencies;
        Peter D. King, Affordable Housing Officer - Federal Home Loan Bank
        of New York;
        Brian Lawlor, Executive Deputy Commissioner - NYS Division of
        Housing & Community Renewal;
        Duncan Barrett, President of the Board - NYS Association for
        Affordable Housing;
        Ulster County Executive Mike Hein;
        John Coutant, Supervisor - Town of Esopus;
        Ward Todd, President & CEO, Chamber of Commerce of Ulster County;
        and
        Senior Residents from the Birchez communities