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Vol. 20 No. 16
THE LEADER IN PROPERTY TA X REDUCTION
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Maidenbaum Pro perty Tax Redu ction Group, LLC 483 Chestnut Str eet, Cedarhurst, NY 11516
APRIl 16 - 22, 2020
Real estate takes a hit Brokers, looking for ways to keep industry moving, offer advice will be fewer closings, and less income this summer. “I already applied for payroll protection for The housing market, locally all of our locations,” Gallagher and across the state, was set for a added. steady upswing this spring, but In East Meadow, there are that came to a screeching halt usually 20 new houses listed for when the coronasale in the first two virus pandemic weeks of April. began. Now the This month there real estate indushave only been try may see a lastthree, said Joseph ing ne g ative Brown, who works impact long after for Century 21. other businesses Brown spends are permitted to his winters, when reopen, according the market is usuto Lyndsey Gallaally slow, in Wilton gher, chief finanManors, Fla. As cial officer of Centhe pandemic tury 21 American spread, however, Homes in East he stayed there Meadow. because there is litG a l l a g h e r ’ s RoSS SChIllER tle to no business franchise, which locally. “If there’s includes 10 offices Real estate attorney no need to sell,” he across Long Island said, “I would tell and the five borclients to hold off oughs, is often busiest in April, for a couple months and see May and June, when her staff what’s happening.” routinely files 250 to 300 conAnother challenge, Gallagher tracts for home sales. Then, over explained, is that some banks the summer, many families move are changing their lending staninto their new homes before dards to prepare for the toll the school starts. virus will take on the economy. “If we put 20 or 30 [contracts] For example, JPMorgan Chase in now, we’d be lucky,” she said. Fewer contracts means there Continued on page 10
By BRIAN STIEGlITZ bstieglitz@liherald.com
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Brian Stieglitz/Herald
ThE EAST MEADow Chamber of Commerce is matching community donations and sending meals to workers on the front lines of the coronavirus pandemic. Linda Walsh, the director of the NuHealth Foundation, picked up the first order on April 8, from Qdoba, on Hempstead Turnpike.
Amid crisis, a community effort Chamber fundraiser feeds front-line workers By BRIAN STIEGlITZ bstieglitz@liherald.com
After seeing their community reduced to blocks full of closed or diminished businesses and a public hospital inundated with new patients, the leaders of the East Meadow Chamber of Commerce were looking for a way to keep their neighbors afloat through the coronavirus pandemic. They recently launched a fundraiser to send meals from local restaurants to those on the front lines — like the staff
of East Meadow’s Nassau University Medical Center. Once or twice a day, the chamber sends community donations to a member restaurant, whose staff prepares and delivers platters of food to a local hospital, police precinct, fire department or other essential business. The chamber matches every donation up to $2,500. Its vice president, Richie Krug Jr., who first pitched the idea, explained that members had been taking part in virtual meetings with chamber officials, who helped them
access resources like the federal government’s Small Business Administration Economic Injury Disaster Loans. “This is really unprecedented times, and our businesses are still out there, so we were trying to figure out how to best support them,” Krug said. “Now we’re going to help the first responders and give businesses additional work.” The fundraiser kicked off on April 6, when the chamber posted its plan on its Facebook page. Krug spoke to the Continued on page 3
eal estate makes the economy go, and while people are scared to act, deals could still be done, and are being done.