-THE WESTFIELD (N J.) LEADER, THURSDAY, APRIL 13,1909 Shortage of Affordable Housing Addressed in Genova/Roma Bill Assemblyman P e t e r J . and business sectors to help atGeneva, R-21, and Assemblyman tack the problems of affordable Patrick J. Roma, 4-38, have in- housing. It's time we realized troduced legislation that will be a that government cannot solve component of an Assembly in- this problem by itself. We need to itiative to address the state's reach out and encourage all secshortage of affordable housing. tors of society to participate in afThe bill, A-4445, would provide fordable housing projects," Mr. a supplemental appropriation of Genova said. $1 million to the Department of According to the assemblyCommunity Affairs (DCA) to man, this legislation would enprovide grants to nonprofit hous- able more nonprofit housing ing developers for operational developers to obtain the professupport. sional development expertise "The shortage of affordable needed to bring housing projects housing in the state of New to completion, or to construct Jersey is a very serious problem more units. that has to be addressed responMr. Genova said the legislation sibly and realistically," Mr. also requires the DCA to give Genova said. "We cannot just favorable consideration to a throw money at the problem grant applicant's involvement in without having a well-thought-out a local housing partnership progame plan," be added. gram, which would be establish• Providing grants to non-profit ed under A-4203, or with a project housing developers will involving the construction of afstimulate interest in the private - fordable housing on vacant or un- Business Briefs productive land made available by a municipality. A-4445 would be added to a fivebill package designed to address New Jersey's affordable housing problem. "While the number of low-income rental units is shrinking, the need for such units is increasing rapidly. The Council on Affordable Housing estimates that by 1993 the state will need more than 145,000 low-income rental units. It's very obvious that the affordable housing problem is not going to fade away without a comprehensive statewide strategy," Mr. Genova said. The assemblyman noted that since 1975 more than 430,000 homes have been constructed in New Jersey while only 3,500 affordable housing units have been built during the same time period. Richard P. Tanner Chemical Bank New Jersey Announces •Grant Program for Affordable Housing Chemical Bank New Jersey has announced the availability of a grant program aimed, at building the infrastructure for low-income housing in New Jersey. The program is to be called Housing Opportunity Program (HOP). These HOP grants support community-based organizations which work to create low income housing, according to Fred Semken, senior vice president, Government Relations, Chemical Bank New Jersey. This grant program is part of a wide ranging agreement reached between Chemical Banking Corporation and the New Jersey Fair Lending Initiative Coalition sign- ed prior to the merger of Chemical Bank New Jersey on Jan. 3 of this year. Under the agreement Chemical Bank New Jersey has established a goal of distributing $125,000 in HOP grants during 1969. Applications for these grants are available through Mr. Semken at 59&-6700. Grant applications should be submitted prior to May 15,1969. The a g r e e m e n t between Chemical and the Coalition also calls for the establishment of a special loan program aimed at low income individuals. This program will provide for loans with flexible credit criteria and flexible financing arrangements, with the goal of increasing home ownership for low-income individuals. Chemical hopes to announce the actual implementation of this program later in the year. Chemical will also create a pool of zero interest loans for the purpose of providing some of the upfront soft costs for the construction of low-income housing. For 1989, Chemical has established a goal for this program of distributing $150,000. The Mountainside Twig at Children's Specialized Hospital in Mountainside presents Shirley Biegler, hospital Community Resources coordinator, the proceeds from last fall's Wreath and Basket Bazaar. Proceeds from the Twig's fundraiser will purchase computer games, a record player and strollers for the patients. In the picture from left, to right are Judi Fischer, Twig volunteer coordinator, Mrs. Biegler, Nancy Kulcsar, Twig president, and Elaine Cook, Twig vice president. Do You Know West field? BACK PAIN NECK PAIN Chiropractic Treatments May Help Family Care By: Gerald R. O'Keeffe, president and CEO of First Atlantic Savings and Loan Association, has announced that Richard P . Tanner has been named senior vice president/Mortgage Banking Division at the $1.39 billion financial institution. Mr. Tanner had previously served as vice president/Loan Administration. Prior to joining First Atlantic in 1985, Mr. Tanner was a vice president at both Cenlar Savings Bank and The Howard Savings Bank. He was also an assistant vice president with Midlantic Mortgage Corporation. Mr. Tanner earned a B.S. in marketing from Rutgers University in 1973. He currently chairs the Loan Administration Committee of the Mortgage Bankers Association of New Jersey and is also chairman of the New Jersey Savings League Loan Administration Subcommittee. Previously, he served as both a treasurer and board member at the Essex County Mental Health Association. J & J and Merck & Co. Form Joint Venture Johnson & Johnson and Merck candidates, and mi_. & Co., Inc., the respective manufacturing expert!**, / / / worldwide leaders in the conIt will probably b« sumer health care and prescrip- years before the; tion medicines markets, an- Johnson o Merck nounced today they have formed Pharmaceutical! Co, a joint venture company that will product. develop and market over-theAn OTC formulaUooof Muck's counter medicines for the United prescription medicine 'Ptpcid' States market. The new company (famotidine) for gaitrointMttnil - The Johnson & Johnson o Merck disorders is a possible candidate. Consumer Pharmaceuticals Co. The development of 'Pepcid' and the regulatory review proceu — is a 50-50 partnership. The new company plans to are expected to take ieveral develop and market a broad years. However, each partner range of non-prescription pro- will make considerable inducts, derived primarily from vestments this year, and they Merck's prescription medicines. will increase over time. Merck Additonally, the new company researchers are already explorwill seek other new product op- ing OTC formulations of certain products beyond portunities outside of Johnson & other Merck 'Pepcid.1 Johnson and Merck. Initially, the joint venture's "Our joint venture with Merck can make an important contribu- products will be marketed tion to consumer health care," through Johnson k Johnson's said James E. Burke, chairman McNeil Consumer Products and chief executive officer of Company. Later, the joint venJohnson & Johnson. "The com- ture will be a stand-along combination of Merck and Johnson & pany with its own marketing and Johnson resources gives the sales organization. Johnson & Johnson o Merck Con- Johnson & Johnson is the sumer Pharmaceuticls Co. a world's largest manufacturer of significant potential in the over- health care products. Its main the-counter marketplace," areas of business are consumer "Consumers are increasingly products, prescription phartaking more responsibility for maceuticals and products used, their own health," said P. Roy by health care professionals in Vagelos, M.D., chairman and hospitals and elsewhere. chief executive officer of Merck, Merck is a worldwide, "and the Johnson & Johnson o Merck Consumer Phar- research-intensive health prodmaceuticals Co. will provide in- ucts company that discovers, novative products of genuine develops, produces and markets value for over-the-counter use." human and animal health prodJohnson & Johnson primarily ucts and specialty chemicals. brings to the joint venture its Merck plans to spend threeOTC marketing expertise, sales quarters of a billion dollars in and distribution capabilities. 1989 on research and developMerck primarily brings product ment. Westfield BPW To Hold Monthly Dinner Meeting The Westfield Business and Professional Women will hold their monthly dinner meeting on Tuesday, April 18, at the Ramada Inn in Clark. The speaker for the evening is Mr. Bruce Runners, director of the Nature Conservancy's New Jersey Office, The Nature Conservancy is the nation's largest preservation group. They have He resides in Westfield with his managed to save and protect wife, Susan. more than three million acres of land in the United States, Canada and Latin American and are now revving up their efforts in New Jersey. The agenda for the evening is: networking and cocktails 6:30-7 p.m. dinner 7 p.m.-8 p.m., and the program from 8 p.m. to 9 p.m. For dinner reservations individuals may contact Rosemary Wellner. For membership individuals may contact Barbara Bartell days at 233-5512. eraMEMO TO ADVERTISERS: f Here's How To | Bring Down the Cost of 1 Beefing Up Business- ( ADVERTISE IN THE LEADER The first five readers to come into Rorden Realty, 44 Elm St., and correctly identify this location will be awarded a T-shirt. Answer for March 30: traffic light controls at Broad and Elm Streets. If you feel you are spending too much on advertising for the results you are getting, TRY US! Dr. A. Pecoraro Jr., Director PECORARO CHIROPRACTIC. GROUP Our rates are low and results are excellent. 143 Elmer Street Westfield 789-2133 RetfCrou. The Coo4 Neighbor. Dr. Suzanne OFFen, F.C.O.V.D. fidult & Pediatric Optometry Membe/: Rmerican Optometfic Association If you can't be helped by chiropractic mclhodj, we will recommend the besi kind of doctor tot y&Ur Cire. - State of the ftrt Vision Core Rdolesccnt and Children* Vision Problems • Contact Lens Core - €ye examinations Vision Therapy 330 €. Brood St. (Corner of St Paul St.) UJestfleld, NJ 07090 (201)789-1177 I WE WILL SUPPLY Advertising Copy, Layouts and Illustrations WITHOUT COST...Just Ask! THE WESTFIELD LEADER 50 ELM STREET PHONE 232-4407 Westfield's NEWSpaper for 99 Years