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Rehab $For BoroughUnder a new federal program designed to reverse neighborhood deterioration, four Brooklyn neighborhoods will receive over 1500 rent subsidies to aid in housing rehabilitation.more and while the opening began as soon as it was feasible for the Hebrew National Triangle Trolley,a combination hot dog stand and ice cream parlour, the work still hasn%u2019t officially finished.--P.H.Group Ralliesin Ft. GreeneBedford Stuyvesant, Flatbush, Crown Heights and Sunset Park are the four Brooklyn communities targetted under the federal Housing and Urban Development departm ent%u2019s new Neighborhood Strategy Areas program, which aims to rehabilitate housing units in a three-to-five year plan.Under the federal Section 8 housing subsidy program, subsidies will be granted to developers who will rent their renovated units to low and moderate income persons. The move assures developers of a fair market rent since the tenants will not pay more than 25 per cent of their monthly income for rent and the government will pay for the rest in the monthly rent.The program was aimed at easing the difficulties private persons and groups have securing financing and rehabilitation, and with the rent subsidies assuring constant income, property owners can %u201c sell%u201d their rehab plans to a bank much easier.The plan is now in the preliminary stages and according to city Housing Preservation and Development spokeswoman Martha Gershun, the city will be processing applicatins from persons and groups interested in these rental subsidies.%u201c The applicant will have to have a specific location and number of units, and as the proposals come in they will be evaluated,%u2019%u2019 said Gershun.Neighborhood Strategy Areas will be a cooperative effort between the federal and city governments and local community persons and groups, and as part of this cooperative effort city HPD officials will aid local people in making the applications for the federal subsidies. The entire subsidy program is a nationwide $40 million plan that will include nearly 38,000 housing units and the duration of the subsidies will be either 20, 30, or 40 years.Plaza KioskIn %u2018Overtim e%u2019The long-delayed renovation of the Times Plaza kiosk is still in overtime. While hot-dog lovers can consume a variety of edibles at the kiosk%u2019s new Triangle Trolley and newspaper readers can still purchase their newspapers at another corner of the kiosk, the renovation still has not been completed despite lengthy cost and time overruns.Officals at the Downtown Brooklyn Development Association, which sponsored the facelifting of this longtime Atlantic, Flatbush, and Fourth Avenues \could not say when the work would be completed but added that only minor work remains to be done. That work includes renovation of two arches from the storefront line to the new facade and the installation of sidewalk curb cuts. The contractor, Eastern Store%u00ab .%u00ab l . i1'l u i u , is at w u i i t m i t tn u m ti juu anuBank-on-Brooklyn downtown, the anti-redlining group, held a rally on September 29 to protest the alleged redlining of an historic 19th century frame house in the Brooklyn Navy Yard section of Fort Greene.The rally, attended by 35 people, was held in front of 73 Vanderbilt Avenue. The house has recently been appraised by the Dry Dock Savings Bank at $25,000 while the selling value is $43,000.The house, which is fully renovated, lies in a landmark area, but is not itself a landmark. The surrounding neighborhood is a mixture of restored houses and building in need of renovation.Bank-on-Brooklyn spokeswoman Chris Stanowski says William Betz, vice president in charge of mortgages at Dry Dock, admitted that the house was compared to other non-renovated houses when the assessment was made.%u201c What we want to know is why this appraisal was given, why the house wasn%u2019t compared to other renovated houses, and why we can%u2019t know the reasons behind this appraisal. That%u2019s what we want the State Banking Department to tell us,%u201d Stanowski said.Congressman Fred Richmond and Councilman Abraham Gerges attended the rally. --M.D.Slope CivicGroup MeetsStudents and administrators of John Jay High School told about 50 members of the Park Slope Civic Council that their school is %u201cthe best in New York City%u201d at the council%u2019s September 28 general meeting.%u201c We think John Jay is one of the best schools in New York City,%u201d said Student Government president Benjamin Ivey. %u201c In fact it is the best school.%u201d His words were drowned out by the students%u2019 applause and cheers.Council members were entertained by the school%u2019s cheerleaders, music by Anita Luna, Charles Dixon, and Noel Miranda, and a fashion show by the John Jay Fashion Club.Proposed changes in the Council%u2019s constitution were not discussed due to poor attendance.M.D.Library CloseAll branches of the Brooklyn Public Library, including the Central Library at Grand Army Plaza, will be closed Monday, October 9 in observance of Columbus Day.Court DisbarsSam WrightFormer Brooklyn City Councilman Samuel D. Wright has been disbarred by the Brooklyn Appellate Division of state Supreme Court for his conviction on a federal felony.In a brief opinion, the court------1 %u2014 . j \\ %u00bb r %u201e : _i_ a * __________ _____________ \\JlU U tu \lig m J uaim. J u u n v iiconsequently these finishing touches have been delayed.The project was originally scheduled to be finished a year ago. After considerable construction difficulties, the completion date was moved to May 15 then July. The originally estimated cost of $85,900 will end up costing over $60,000from the roll of attorneys, declaring that he was no longer %u201ccompetent to practice%u201d law.Earlier this year, the Brownsville Councilman was convicted of two counts of conspiring to defraud the federal government and of receiving $5,500 to use his influence with a community school board in thev m m i u r n i i t n i m v c n u r i n cPHOENIX BANNER CONTEST, an event in the A tlantic Antic Parade, September 24, went to the Brooklyn Public Library. The banner, created by Nelda Moore, branch librarian at the Eastern Parkway branch, was %u201c easily seen, had beautiful handiwork and a good statem ent,%u201d said the judges in making their selection. The library will receive a silver cup award from the Phoenix and a fru it basket from Bernard and Charlotte Atkins of Weir Florists. Alsog u m y tu m e iiuacny w m ue a y mcertificate from Biblomania, the Atlantic Avenue b o o ksto re . O ther bu sin e sse s donating prizes were: M idtown Florists, a $50 g ift certificate; Melting Pot, a $50 gift certificate; Hubert%u2019s, the French restaurant at Bergen and Hoyt, which awarded a weekend dinner for two; and the Downtown Athletic Club at the YWCA, which gave certificates for 18 visits to the club.purchase of educational materials.Brooklyn Federal Judge Edward R. Neaher sentenced Wright to serve three months of a one-year jail term and pay a $5,000 fine. Wright%u2019s appeal was argued last month and a ruling is pending.State law requires that an attorney be disbarred on a federal felony conviction so long as the crime is also a felony under state law.Under an opinion issued by City Corporation counsel Allen Schwartz, Wright was removed from his Councilmanic position following the jury%u2019s verdict. Wright is challenging Schwartz%u2019 ruling in Manhattan Federal Court.Park ClosingsExtendedThe summer closings of Prospect Park to traffic, scheduled to end October 1, has beeen extended to October 31. The park will be closed to traffic from 7 p.m. to 9:30 p.m. weekday evenings and from sunrise to sunset on weekends and holidays.The park closing was extended so that runners, cyclists and other park users would continue to benefit from the added safety and convenience the closings afforded them. Central Park will be undergo ing the same closing schedule.Brownstone FairComing UpHosting the theme %u201c City of Small Tons - Revival & Restoration,%u201d The Brooklyn Brownstone Conference is back with its sixth annual Brownstone Fair, the iargest preservation and renovation event of its kind in the nation.Co-sponsored by the Brooklyn Union Gas, the fair is scheduled for the weekend of October 14 and 15, at the Company%u2019s main officeshowroom, 195 Montague Street. Admission is free and the doors are open from 10 a.m. to 5 p.m. Saturday and 11 a.m. to 5 p.m. Sunday.%u201c Brooklyn is really a city of villages,%u201d says Nat Hendricks, president of the Brooklyn Brownstone Conference. %u201cThere%u2019s a small town spirit, a sense of community in many of our old communities. At the Fair, we%u2019ll have on hand a lot of community people to talk about their neighborhoods, their %u2018small towns%u2019 in Brooklyn. And we%u2019ll have on hand a lot of community people to talk about renovating a city house.%u201dThe %u2018%u2018small towns%u201d to be represented at the Fair include Brooklyn Heights, Park Slope, Boerum Hill, Carroll Gardens, Cobble Hill, Fort Greene, ClintonHill, Pratt Area, Prospect Heights. Prospect-Lefferts, BedfordStuyvesant, Greenpoint, Sunset Park and Flatbush.On display will be more than 50 exhibitors showing the %u201c nuts and bolts%u201d of brownstoning-everythine from wood stripping, permits to legal and banking information and about buying a brownstone in Brooklyn.As a special attraction, Charles Laemmle, chief designer for Abraham and Straus, will emcee a brownstone slide show, %u201c Fabrics, Co-oping, Tiles and Contractors.%u201dIn addition to a bus trip tour of %u201c small towns%u201d in Brooklyn, a host of house tours is scheduled for both days of the Fair. Clinton Hill, East Flatbush, and Fort Greene will be showing off their %u201c architectural treasures,%u201d while Prospect-Lefferts Gardens and Sunset Park will join up the following weekend. Tickets for these tours will be sold at the Fair. And yet another tour will be held in conjunction with the Brownstone Fair-a walking tout through the streets of historic Brooklyn Heights, led by Joe Rosenberg.Entertainment will be provided to Fair-goers on both days by the Brooklyn Arts and Culture Associa tion.For more information about; Brooklyn%u2019s Brownstone Fair, call Hendricks at 858-7760 after 6p.m.First W o m en %u2019sr onlinuednecessary for a loan,%u201d according to Marion Moure, Assistant Vice President of the Bank, who said that %u201cthe policy was lax for all.%u201d The big question rather quickly became: Can the Women%u2019s Bank maintain these policies and survive and grow as a stable financial institution?Often an attitude of %u201c she%u2019s a woman, let%u2019s give her the benefit of the doubt%u201d prevailed. Salvage said, and within a year, the bank%u2019s directors realized that the bank needed to %u201ctighten up%u201d in order to survive. Salvage became president in February 1977 after a six month period during which the bank had no president. Prior to that time, Madely McWhinnty was president, but resigned by %u201c mutual agreement.%u201d\\A7UU C ~1___ %u00bb%u00bb (ill o u p p u im iu w m , wstricter regulation of credit requirements was put into effect Now the Women's Bank is being assisted by the Small Business Association, a federal agency, in providing counseling for people in need of %u201c venture capital%u201d or money to start a business.The creation of the Women%u2019sBank T ightens C re d itBank became a consciousness raising device in the world of money and business and consequently aided in the development of the Equal Opportunity Credit Act (EOCA), passed on October 28, 1975. The Act states: %u201c It shall be unlawful for any creditor to discriminate against any applicant with respect to any aspect of a credit transaction on the basis of sex or marital status.%u201dTOWARD CONSUMER LENDING The EOCA was %unfair credit practices exhibited by many banks,%u201d Salvage said, adding, %u201c That legislation might have been slower in coming if the Women%u2019s Bank hadn%u2019t been developed. The thrust now is toward consumer lending. In other words, it%u2019s no longer a minus for being aAt the time of legislation, many credit unions and banks, in an attempt to make the public aware of the EOCA, sent out over 300,000 announcements to their clients, according to the Consumer Credit Counseling Service of New York. The response was a mere 22.A lthough the Dank demonstratesC rite riano discrimination tn its hiring practices, 802 of its employees on all levels are women and 7,200 of its shareholders are also women. %u201c It%u2019s nice to know that a financial institution can be managed, operated by women,%u201d Salvage says simply.Salvage, 31 years old, holds the distinction of being the youngest bank president in the United States. She is also the director of the New York Board of Trade, a member of Women%u2019s Action Alliance and a regional representative in the International Women%u2019s Year.Salvage views her role as chalenging and which offers a tremendous opportunity. Although she thinks a %u201c subtle discrimination%u2019%u2019 still exists, Salvage %u201c couldn%u2019t be happier that all the banks in town ***'%u2022' t>%u2018' %u2019%u201c%u00a3> ocjuu! opportunity. A,* for the future of the Women%u2019s Bank, which has been a major force in setting the pace for equal opportunity in the financial world, Salvage sums it up in a word: %u201c discipline%u201d : an organized, valid and credible system of credit policy for both men and women.Page 34, THE PHOENIX, October 5,1978