A public drive to raise $25,000 to prevent foreclosure on the North Hudson Jewish Community Centre will start shortly after Yom Kippur. While the Colonial Life Insurance Company, holder of the $100,000 first mortgage, has made application for foreclosure, Chancery Court is withholding the granting of a foreclosure order until after the holidays. The second mortgage is $45,000.
In order to save the building, which was erected in 1926 at a cost of $225,000, after a public subscription campaign, Ezra Lodge of the Masons, composed of Jewish members, has offered to buy its lodge rooms on the fifth floor of the Centre for $25,000. An additional $25,000 has been pledged by 25 leading Jews. These sums together with a new mortgage of $25,000 and the $25,000 expected to be raised in a public drive will be lumped and used to prevent foreclosure.
The North Hudson Jewish Community Centre has been in financial difficulties almost from its inception, the threat of foreclosure having hung over the institution for several years. Differences of opinion between the directors and the younger element in the Jewish community are said to be responsible for the crisis. If the new financial arrangements work out the younger element in the community is expected to have more to say about the management of the Centre.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
