Hudson Valley Homeowners to Benefit from Homeownership Service Provider Affiliation
March 31, 2015, Kingston, NY - Hudson Valley homeowners stand to benefit from the affiliation of two affordable housing powerhouses this week. On April 1, RUPCO, the Hudson Valley's leading affordable housing advocate and community developer, is incorporating Orange County Rural Development Advisory Corp. (RDAC) into its housing services model, thereby expanding its impact into Orange County. The collaboration will preserve regional access to homeowner and foreclosure counseling funding in Orange County while maintaining the delivery of much needed homeownership services to the region.
"We've created a parent-subsidiary relationship," explains Kevin O'Connor, CEO at RUPCO. "As of April 1, RDAC will be an affiliate of RUPCO, working jointly with our NeighborWorks HomeOwnership Center, to deliver services to new, established and in-crisis homeowners. This expanded relationship allows RUPCO to officially regionalize its housing efforts, a move that's in line with RUPCO's strategic plan.
"Like RUPCO, RDAC is a rural preservation company (RPC) funded by New York State Homes & Community Renewal (NYS HCR). Our primary reason for affiliation is to expand our collective reach and impact while maintaining state funding of each RPC to continue providing quality homeowner programs to those who need it most. Bringing like agencies together and to partner and affiliate with a Rural Preservation Company with a great track record like OCRDAC was a natural progression. By coming together, we will have greater ability to deliver more services to those in need. RDAC has Orange County relationships and boots on the ground in those communities. RUPCO brings grant-writing expertise, and efficiencies that will benefit both organizations and the clients we help. RUPCO and RDAC have already been collaborating on grant writing, counseling and training; to become parent-subsidy makes sense financially and programmatically."
"RDAC has a long history of serving the homeownership community in Orange County," continues O'Connor. "Maintaining the legacy built by Founding CEO Alice Dickinson, building on RDAC's enduring reputation, and teaming up with current CEO Faith Moore, RUPCO sees this joining of forces as the best way to serve the Hudson Valley community with a longstanding community leader who keeps neighbors strong and thriving."
"RDAC will remain RDAC in name," notes Faith Moore, CEO at RDAC. "And we will continue the outstanding work of RDAC in three key areas: foreclosure counseling, energy-related work like weatherization and retrofits, and sponsorship of affordable housing projects in Orange County. RDAC's key leadership will stay in place with Chairman Mike Bliss and board members Lynn Piscopo and Barbara Carr." Also joining the RDAC board are RUPCO board member Joan Lonegran and CEO Kevin O'Connor. "We're looking forward to the expanded opportunities in homebuyer education, owner-occupied rehabilitations, and grant opportunities, as RDAC works side-by-side with RUPCO. We can also foresee taking RDAC's retrofit programs into the Hudson Valley and teaming up with RUPCO's Green Jobs | Green New York to offer homeowners energy-efficiency and cost-saving options in 2015." RDAC will remain in its offices at 2 South Mongomery Street, Walden. RUPCO's main office is at 289 Fair Street, Kingston and has additional offices at 2 Main Street, Kingston (Ulster County) and 8 Lower Thompson Street, Catskill (Greene County).
RDAC is now a subsidiary of RUPCO, the region's leading provider and advocate of quality, affordable housing and community development programs aimed to provide opportunity and revitalize communities in Hudson Valley. With over 30 years' experience, RDAC has rehabilitated or constructed more than 1,000 housing units in Orange County. Since 1983, RDAC has been instrumental in assisting thousands of residents to obtain financing, mortgage restructuring and services to remain in existing homes or apartments. RDAC, which assists locally employed households and senior citizens, administers various state and federal housing grant programs and offers counseling services. For additional information, visit www.ocrdac.org.
RUPCO, RDAC's parent company, has been creating homes, impacting lives and building community since 1981. A leader in homeownership, foreclosure counseling, energy-efficiency and rental assistance programs, RUPCO is expanding its programmatic offerings throughout the Hudson Valley with the recent RDAC affiliation and urban revitalization projects in Newburgh, Saugerties, and Kingston. For more information, visit www.rupco.org.