Consumers’ Expectations Largely Stable; while Home Price Growth Expectations Continue to Retreat

The Federal Reserve Bank of New York’s Center for Microeconomic Data released the August 2018 Survey of Consumer Expectations, which shows a slight increase in the medium-term inflation expectations.
NYCEDC

MAYOR DE BLASIO AND COUNCIL MEMBER RODRIGUEZ CELEBRATE CITY COUNCIL APPROVAL OF THE INWOOD...

The de Blasio Administration and Council Member Ydanis Rodriguez today celebrated the City Council’s approval of the Inwood neighborhood rezoning, the City’s plan to ensure Inwood remains an affordable, attractive neighborhood for working and immigrant families.
NYSAR

Homebuyer demand keeps NY housing market moving

The New York State housing market posted a solid first half of the year with 60,043 closed sales, falling only 3.8 percent behind the 2017 record sales pace, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price continued to grow though the first six months of 2018, climbing 8.9 percent from the first half of 2017 to reach $262,500

OGS Announces Upcoming Construction and Consulting Opportunities

RoAnn M. Destito, New York State Office of General Services Commissioner today announced bidding for one construction contracts listed below by county. Firms interested in additional information or to acquire bid documents should visit the OGS website

Stefanik, Kilmer Introduce Broadband for All Act

Representatives Elise Stefanik (R-NY) and Derek Kilmer (D-WA) introduced the Broadband for All Act. The bill creates refundable tax credits for businesses and groups of people who team up to build the infrastructure that connects them to the country’s existing rural broadband service.

YOUR KEY TO NYC: MAYOR DE BLASIO ANNOUNCES LARGEST YEAR FOR AFFORDABLE HOUSING PRODUCTION...

Mayor de Blasio today announced that his administration financed 32,116 affordable homes last year, breaking the all-time record previously set by former Mayor Ed Koch in 1989 of 25,243 units. The City also broke the record for the most new construction with 9,140 affordable homes; almost 60 percent of all homes financed will serve New Yorkers making less than $47,000 for a family of three

SCHUMER, GILLIBRAND ANNOUNCE $125,000 IN FEDERAL FUNDING FOR CNY FAIR HOUSING, INC. IN SYRACUSE

U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand announced $125,000 in federal funding for CNY Fair Housing, Inc. in Syracuse. The funds were provided by the U.S. Department of Housing and Urban Development (HUD) Fair Housing Initiatives Program (FHIP) Education and Outreach Initiative grants

REAL ESTATE PROFESSIONALS INVITED TO JOIN JUNE TRADE MISSION TO THE PHILIPPINES

Looking to foster investment opportunities between real estate stakeholders in the Philippines and the U.S., the Filipino American Real Estate Professional Association Silicon Valley chapter is organizing a trade mission to the Philippines on June 16-29. The trade mission will take participants to Manila, the country's capital, to the island of Palawan, which has the best beaches in the world, and to Vigan, a city known for its preserved Spanish colonial and Asian architecture

Press Launch for Making Room: Housing for a Changing America

Focused on the 21st-century housing needs of a changing America, the National Building Museum's Making Room exhibition is poised for the first scheduled transformation of the exhibition's centerpiece-the 1,000-square-foot "Open House" built within the galleries.

New York City Fire Fatalities Rise 35% in 2017

While 2016 was the Big Apple’s safest year in terms of fire fatalities, 2017 experienced a 35% spike, increasing from 48 fire deaths to 73 in the year just concluded. The 2016 low corresponded with a decades-long trend than can be largely attributed to an increase in fire sprinkler system installations, as New York City regulations have consistently expanded requirements for sprinklers.

Maloney Announces Nearly $3 Million in Unused Federal Funding Going to Two Flood Mitigation...

Three years after he stood at Maple Avenue Park to announce that $11.5 million worth of unused Housing and Urban Development (HUD) Community Development Block Grant Disaster Relief (CDBG-DR) funding would remain available to Orange County for flood mitigation in the wake of Hurricane Irene, Representative Sean Patrick Maloney (NY-18) announced two flood mitigation projects totaling $2.8 million.

GOVERNOR CUOMO UNVEILS 6TH PROPOSAL OF THE 2018 STATE OF THE STATE: CONTINUE TO...

Governor Andrew M. Cuomo today unveiled the 6th proposal of the 2018 State of the State: the 2018 taxpayer savings plan to continue to combat New York's most burdensome tax - the local property tax.

Governor Cuomo Announces Completion of $56.6 Million Rehabilitation of 320 Affordable Housing Units in...

Project Preserves Affordability for 700 Residents at "Cedars of Chili" for 40 Years. Investment Complements 'Finger Lakes Forward' - Region's Successful Upstate Revitalization Initiatives to Grow Economy, Create New Opportunities

Mayor de Blasio and Speaker Mark-Viverito Announce Major Investments to Fill East Harlem Greenway...

Mayor Bill de Blasio and Speaker Melissa Mark-Viverito today announced a major investment to advance construction of a brand new section of the Greenway, between East 125th and East 132nd streets. This investment would close one of the last remaining gaps in the Manhattan Waterfront Greenway, a major step towards completing a contiguous 32-mile waterfront pedestrian promenade and bicycle path around Manhattan.

HPD JOINS AAFE AND ENTERPRISE COMMUNITY PARTNERS TO PRESERVE HISTORIC AFFORDABLE BUILDING IN CHINATOWN

The New York City Department of Housing Preservation and Development, Asian Americans for Equality (AAFE), and Enterprise Community Loan Fund, Inc. (ECLF) today unveiled 81 Madison Street, a 20-unit building in Manhattan’s Chinatown neighborhood that was one of the first buildings to undergo HPD’s Green Housing Preservation Program, which provided financing for improvements to the non-profit-owned building

HPD ANNOUNCES THE AWARD OF $14.5 MILLION IN TAX CREDITS TO CREATE NEARLY 800...

The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced the allocation of $14.5 million in housing credits for nine affordable housing developments in Brooklyn and the Bronx, creating and preserving nearly 800 affordable apartments for New Yorkers throughout both boroughs

Governor Cuomo Announces $11.4 Million for Supportive Housing for Older Adults, Youth and Families

Governor Andrew M. Cuomo today announced more than $11.4 million in state funding has been awarded to two supportive housing projects in Oneida County and one in Brooklyn. These three projects will create 103 units of emergency and permanent housing for homeless older adults, youth, families and individuals with mental illness, with funding from the New York State Office of Temporary and Disability Assistance's Homeless Housing and Assistance Program

HOUSING 2.0: MAYOR DE BLASIO LIFTS AFFORDABLE HOMEOWNERSHIP

Mayor Bill de Blasio detailed two new programs that will help New Yorkers achieve and maintain the American Dream – owning their own home. Open Door aids first-time homeowners buy a condo or coop, and HomeFix helps New Yorkers make capital improvements to their homes. These two programs will reach at least 2,100 households in eight years.

NEW TOOL TO COMBAT HOMELESSNESS: MAYOR DE BLASIO MOVES TO CONVERT CLUSTER BUILDINGS INTO...

Mayor Bill de Blasio today announced that the City will help not-for-profit developers acquire and rehab residential “cluster site” buildings, currently used to house homeless families, and convert them into permanent affordable housing in a historic move to address the homelessness crisis in New York City. If negotiations to buy cluster site buildings are not successful, the City will use eminent domain to acquire them

SCHUMER: BUFFALO’S NORTHLAND CORRIDOR REDEVELOPMENT PROJECT IS AT RISK IF CONGRESS ELIMINATES HISTORIC TAX...

U.S. Senate Minority Leader Charles E. Schumer today called on the National Park Service (NPS) to approve the Northland Corridor Redevelopment Project’s request for inclusion of a key property to the National Register of Historic Places. Schumer said the vital designation of the former Niagara Machine and Tool Works Factory would allow the project to become eligible for an estimated $16 million historic tax credit, and help spur economic development on the East Side of the City of Buffalo.

Former Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son...

U.S. Attorney James P. Kennedy, Jr. announced today that Stephanie W. Cowart, 58, of Grand Island, NY, pleaded guilty to theft concerning programs receiving federal funds before U.S. District Judge Richard J. Arcara. The charge carries a maximum penalty of 10 years in prison and a $250,000 fine. In addition, Cowart’s son and daughter-in-law, Allen, 31, and Fredia, 28, both of Niagara Falls, NY, pleaded guilty to a misdemeanor charge of theft of government funds which carries a maximum penalty of one year in prison and a $100,000 fine

New York Department of State to Hold Public Hearing and Meeting of Real Estate...

The New York Department of State will hold a public meeting followed immediately by a public hearing on December 11 at 2:00 p.m, regarding the profession of real estate salespersons and brokers.  The meeting will take place at the following office locations: 99 Washington Avenue, Albany, 276 Waring Road, Rochester; and, 123 William Street, New York City. 

HOMELESSNESS DECLINES IN MOST COMMUNITIES OF THE U.S. WITH INCREASES REPORTED IN HIGH-COST AREAS

Homelessness crept up in the U.S., especially among individuals with long-term disabling conditions according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2017 Annual Homeless Assessment Report to Congress found that 553,742 persons experienced homelessness on a single night in 2017, an increase of .7 percent since last year. Homelessness among families with children declined 5.4

Roe Announces Federal Grants for Reconstruction from Natural Disasters

Rep. Phil Roe, M.D. (R-TN) announced the U.S. Department of Transportation’s Emergency Relief for Federally Owned Roads program will reimburse the U.S. Forest Service $335,408 and $160,000, respectively, to reconstruct federally-owned roads damaged by heavy rains in December 2015. Roe released the following statement

Partnership for New York City Defends NYCHA at City Council Hearing

Thank you for the opportunity to submit testimony today. We all agree that there can be zero tolerance for exposing children to lead paint poisoning and recognize that this hearing responds to very legitimate concerns about conditions that should not exist in public housing. At the same time, the focus should be on fixing the underlying conditions, not on chastising NYCHA management or the Administration for a bureaucratic error. This is an opportunity for the City Council and all of us to support Shola Olatoye and her team as they struggle against great odds to preserve and renew the nation’s largest inventory of publically-owned affordable housing.

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Consumers’ Expectations Largely Stable; while Home Price Growth Expectations Continue to...

The Federal Reserve Bank of New York’s Center for Microeconomic Data released the August 2018 Survey of Consumer Expectations, which shows a slight increase in the medium-term inflation expectations.

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New York State REALTORS® team up with Suffolk County Habitat for...

As part of its ongoing efforts to foster homeownership opportunities and community involvement throughout the state, the New York State Association of REALTORS® is partnering with Habitat for Humanity of Suffolk County to build a home for a deserving family. Bahamas Real Estate