Megacontracts boost domestic violence nonprofit’s real estate portfolio

The Urban Resource Institute, which says it is the country’s largest provider of shelter services for domestic violence survivors and their families, has contracted with the city since the organization’s inception in 1980.But two recent policy changes have transformed the group into a growing real estate powerhouse: A 2017 shift made it easier for nonprofits to secure longer contracts, making them more attractive mortgage candidates. Another is a multimillion-dollar loan fund created by Mayor Eric Adams last year to help nonprofits build and own shelters instead of renting space.URI was the first organization to benefit from the fund; it received almost $3.8 million from the Department of Homeless Services to build an 84-unit shelter in the Bronx during the summer.It’s also one of the major players to take its longer contracts to the bank. In the year immediately following the change enabling 30-year contracts, URI’s real estate profile ballooned by 357%. In 2022 URI valued its holdings of land and buildings at $20 million and has an additional $213 million in leases, according to tax documents. And in March URI purchased a $64 million stake in a Bronx development site where it will build a 6-story homeless shelter.Today URI is deeply ensconced in the city’s work, operating 25 temporary housing sites with 1,339 total units across four boroughs. It owns 11 of them, which host 600 units. The organization provides shelter to around 3,500 people on any given night and also... Continue reading at 'Crains New York'

[ Crains New York | 2024-09-16 10:03:16 UTC ]
News tagged with: #problem areas #big problem #steadily climbed #trended downward #latest data #abusive relationship #children residing #federal entities #lauren schuster #vice president #uniquely suited #news outlet #potential conflict #public funds #procurement process #schuster

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Zara Chowdhary on Coming of Age During Anti-Muslim Violence in India and the U.S.

Zara Chowdhary’s The Lucky Ones is a devastating, timely memoir about survival, reclamation and what it means to exist on the margins of society and within your own familial unit. Zara speaks to us, raw and unfiltered, about growing up as a young muslim girl in Ahmedabad, India, in the aftermath... Continue reading at Electric Literature

[ Electric Literature | 2024-10-17 11:00:00 UTC ]
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A.S. King Builds Gracie's House, an Inclusive Nonprofit

Out of a family tragedy and profound loss, author A.S. King and her son Jaxon King, 17, are building Gracie’s House, a nonprofit that creates safe spaces for queer youth and diverse families. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-26 04:00:00 UTC ]
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Verso Holds Kickstarter Campaign to Boost U.K. Business

With sales to U.K. bookstores shut off by the bankruptcy of its U.K. distributor Marston, the radical U.K./U.S. publisher has turned to Kickstarter to raise $134,000 to support its fall publishing program. It has raised close to $100,000 in the first 24 hours of the campaign. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-25 04:00:00 UTC ]
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Children’s Authors on the Real-World Cost of Book Banning

Authors discuss how having their work targeted by censors has directly affected their livelihood and their well-being. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-16 04:00:00 UTC ]
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Forget gadgets and ebooks – nothing beats a real tome in your hand | Letters

We cannot let real books go the way of vinyl records, writes 15-year-old Jude Brayton. Plus letters from Celia Anderson and Jean Jackson Sadly, it may well be that books go the way of vinyl records (I fear books are going the way of vinyl records – a rarefied pursuit for hobbyists, 6 August).... Continue reading at The Guardian

[ The Guardian | 2024-08-09 16:54:51 UTC ]
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A Real Contender for Best Book of the 21st Century

A work of literary fiction with a mystery at its center that explores family, friendship, and loss. Continue reading at Book Riot

[ Book Riot | 2024-07-19 16:15:00 UTC ]
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R&L Acquisition, Sarah J. Maas Boost Outlook at Bloomsbury

In a July 16 trading update ahead of its annual general meeting, Bloomsbury said its recent acquisition of Rowman & Littlefield’s academic publishing business and strong trade sales paced by Sarah J. Maas’s titles underpin "the confidence we have in the future." Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-07-17 04:00:00 UTC ]
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Panel Mania: 'Stan Mack’s Real Life Funnies' by Stan Mack

'Stan Mack’s Real Life Funnies: The Collected Conceits, Delusions, and Hijinks of New Yorkers from 1974 to 1995' collects Mack’s irresistible weekly comic strip into a single volume. A five-page excerpt. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-07-10 04:00:00 UTC ]
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From 'Bridgerton' to 'Ripley,' Netflix's latest hit adaptations have also boosted book sales

Several recent hit Netflix series were adapted from books, leading to a boost in book sales. Next, the streamer is turning to Holly Jackson's book series "A Good Girl's Guide to Murder." Continue reading at Los Angeles Times

[ Los Angeles Times | 2024-07-08 10:00:33 UTC ]
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Scott And Mark Hoying's Debut Children's Book Celebrates Their Real-Life Love Story

The Pentatonix singer and his husband say "How Lucky Am I?" parallels their own experiences as a married couple, including their dream of starting a family. Continue reading at HuffPost

[ HuffPost | 2024-06-20 16:24:07 UTC ]
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Digital Sales Boost Religion Results in First Quarter

Sales of religion books increased 5.2% in the first quarter of 2024, picking up where things left off last year, when religion book sales led all publishing sectors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-06-04 04:00:00 UTC ]
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The Real Story of Why Disney+ Changed Its Logo: A ‘Different Time of Night’

Disney's logo and branding are a tale as old as time--but even classic stories need a new chapter every now and again. In March, Disney+ unveiled its full Hulu integration for bundle subscribers, combining the Disney+ and Hulu libraries in one application. This came with... Continue reading at AdWeek

[ AdWeek | 2024-05-28 10:00:00 UTC ]
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Marjane Satrapi on Resistance in Iran: ‘A Real Revolution Is Cultural’

The author, known for her “Persepolis” series, is releasing a new illustrated book about the “Woman, Life, Freedom” movement, inspired by the death of Mahsa Amini. Continue reading at The New York Times

[ The New York Times | 2024-04-18 14:44:18 UTC ]
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Horror novel sales boomed during year of real-world anxieties

The genre has departed from classic themes, with new books dealing with war, politics and powerlessness – and sales have risen 54% year-on-yearHorror fiction is having a moment, according to data showing 2023 was a record-breaking year for book sales in the genre.Between 2022 and 2023, sales of... Continue reading at The Guardian

[ The Guardian | 2024-04-04 13:22:32 UTC ]
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Literacy Nonprofits Forge Ahead

Two organizations further their mission to make books accessible for all young readers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-03-15 04:00:00 UTC ]
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Higher Prices Boost Book Sales in International Markets

Revenue in 12 of 16 overseas book markets rose last year, even as unit sales fell, according to a new joint report from Nielsen/GFK Entertainment. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-03-08 05:00:00 UTC ]
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