BACKGROUND

IPM's work force experience has included properties valued at more than $90 million collectively. IPM's portfolio consists of programs such as Tax Credit, Home Units, Section 8 subsidized housing, Section 8-202 Housing for the Elderly, Rent Stabilization, Condominiums, Commercial properties and single family homes.

IPM has redeveloped city owned residential and commercial properties in New York City under the Neighborhood Entrepreneurs Program (NEP) Round 1 and 3, located in East Harlem. Under our direct supervision, construction was completed on time and the properties were tenant occupied before administrative deadlines. These 25 buildings totaling 210 residential units and 10 commercial units, have been a success contributing to the further revitalization and development of East Harlem.

APPOINTED AS 7A ADMINISTRATOR

In May of 2001, IPM was appointed 7A Administrator of several properties in Brooklyn and Queens under the NYC Housing Preservation & Development - 7A Administration Program. These properties consist of 30 residential units and 3 commercial spaces that were totally destroyed and drug infested. IPM developed a plan of action to assess the many violations of these properties and to evict those participating in deleterious activities. IPM is committed to rehabilitating of these buildings for the tenants and their families.

7A Buildings in our portfolio:

303 Troutman Brooklyn NY 11206    consists of 6 residential units

27 Beaver Street Brooklyn, NY 11206 consists of 6 residential units

1113 Willoughby Ave Brooklyn, NY 11206 consists of 6 residential units

298 E 150th Street Brooklyn, NY 11206 consists of 8 residential units

1723 Taylor Brooklyn, NY 10460 consists of 6 residential units

1671 Palmetto Ridgewood NY 11385 consists of 7 residential units

APPOINTED TO EAST SIDE ACCESS PROJECT

In June 2003, IPM was appointed to work with the MTA/LIRR East Side Access Project that was commenced in the fall of 2003.

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