In response to a report in a local newspaper that Catholic Charities was about to buy the former Angel Guardian Home, Charities issued this statement:

“For several months, Catholic Charities Progress of Peoples Development Corporation (CCPOPD) has been in discussion with the Sisters of Mercy of the Mid-Atlantic Community (“Sisters of Mercy”) for the purchase of the former Angel Guardian site consisting of the city block located at 6301 12th Avenue in Brooklyn.

“CCPOP recently informed the Sisters of Mercy that it could not proceed with the transaction. It was very difficult to arrive at this decision. After a financial analysis that took into consideration the uncertainties regarding the availability of low-income tax credits and other government subsidies for the future development of low-income housing, CCPOP determined that the project was not viable.

“We thank the Sisters of Mercy for the opportunity to explore this transaction and wish them success in finding a suitable buyer.”