Tuesday, July 22, 2008

Cheder Chabad Building Update

Approximately two years ago members of Monsey Anash generously donated about $115,000for the Cheder to buy a building to house the entire Cheder. Unfortunately, this deal fell through at the last moment.

While some of these funds remain in our restricted building fund account, other funds were used as a down payment to purchase a house and land on Viola Road jointly with Yeshivas Menachem Mendel. After careful review by the Town of Ramapo this property was deemed unsuitable for a school because it was discovered for the first time that the adjoining property contained an underground stream. While the Cheder and Yeshiva still own this property and are seeking to sell it, the house on the property is rented out netting the Cheder about $400 each month (which in today’s market makes this a good investment.)

The Cheder is deeply committed to finding and securing appropriate sites for its Boys and Girls Schools. We are interested in putting together a committee to help us reach this goal. If you know of any appropriate sites or are interested in assisting us in any manner, please email us at chedermonsey@gmail.com.