Roxana Marchosky, Diana Lam, Jose de Jesus, -Betsy Tregar ...

Board of Director's Minutes
October 6, 1982
Page Two
• and purchase them from City of Boston. Senator Owens and Walsh, Representatives
King, Bunte and Sen. Tsongas and Kennedy have supported project.
These will be Section 8 buildings and will remain so for 15 years. A separate
corporation will have to be made to carry through this project but it must be a
profit making private enterprise. Steve K. is going to research our By-laws
to see if they're any restrictions. He says there're legal .reasons to protect
Alianza in case anything goes wrong with project.
A. Diaz asked how these apartments will be given out? Steve replied that it will
be owned by community and people living in building.
D. Lam asked whether that amount of mortgage we're able to obtain is sufficient
to renovate the buildings in their entirely. N. Merced replied that some basic
repairs would be done to plumbing, etc., etc. Asking $500,000 for 26 units.
Contractors will be a minority women's firm.
N. Merced believes Nuestra Comunidad DC will gain credibility throughout state if
this project is successful.
A. Dlaz worries about length of project and our lack of control in neighborhood, etc.
V. Lopez-Tosado wants to know if there's a study of all owners in neighborhood? Only
eartially known. N. Merced says 45% of buildings in area have been abandoned because
of conditions and fires. Majority of lots and buildings are owned by City. We must
have a plan against the area becoming an "In" place with gentrification setting in.
Changes occur rapidly but S. Klein says that what will happen to area is still subject
to speculation.
It was suggested Housing Committee make a presentation to the Board. Y. Camayd-Freixas
and Elmo Ortlz feel that the MIT project data can help to give us a clearer picture
as to who or what owns the vacant buildings in area. Many Cape Verdeans own buildings
in this neighborhood.
V. Lopez-Tosado wants a report and presentation by Housing Committee. It was agreed
that it will be discussed at December meeting. S. Klein made a motion that we give
Executive Director authority to create a Housing Development Subsidiary to Alianza
Hispana pending review of By-laws and provided Board or Executive Committee has
approved. Seconded by Y. Camayd-Freixas.
B. Tregar wants agreement to be reviewed by lawyers. Carolyn Playter .feels is a big
committment. S •. Klein says after December Boa1;'d meeting we will be appraised of all
developments and before agreements are finalized.
Question moved by Y. Camayd-Freixas. In favor of motion as read. Approved with one
abstention.
Treasurer's Report
4It. Tregar passed out
received by Board on
memo from J. Dillon and Cash Flow projections.
a monthly basis.
These will be