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SYRACUSE HOMEOWNERS IN TAX JEOPARDY AS NEWLY CONFIRMED U.S. TREASURY SECRETARY SUGGESTS REDUCTION IN...

Standing with Bayberry Community homeowners in Liverpool, NY, and amidst rising local anxiety about looming changes to tax policy that could hurt homeowners, U.S. Senator Charles E. Schumer today launched a push to preserve popular, but increasingly at-risk tax deductions: the mortgage interest deduction and the state and local property tax deduction

LI HOMEOWNERS IN TAX JEOPARDY AS NEWLY CONFIRMED U.S. TREASURY SECRETARY SUGGESTS REDUCTION IN...

Standing with brand new Long Island homeowners, and amidst rising local anxiety about looming tax proposals, U.S. Senator Charles E. Schumer today launched a push to preserve very popular and essential, but, nevertheless, at-risk tax deductions Long Island homeowners and taxpayers depend upon to keep LI’s high cost of living in-check. Whether new Long Island homeowners, longtime owners, or those looking to buy right now, Schumer explained that locals are in tax jeopardy as newly-confirmed U.S

Empire State home sales set January record

The home sales growth trend continued in New York State during January with the 8,472 closed sales setting a new high-water mark for the month, according to the housing market report released today by the New York State Association of REALTORS. The January statewide median sales price of $250,000 represents an increase of 8.7 percent from a year ago.

Model Citywide Ferry Boat Sets Sail For Manhattan Borough President’s Office

New York City Economic Development Corporation (NYCEDC) and Manhattan Borough President Gale Brewer today announced that a model of the new Citywide Ferry boats will be on display in the lobby of the Borough President’s office as part of a multi-borough tour. The scale model of the ferry vessel will be docked on the 19th floor of the Manhattan Municipal Building through March 10th.

Rep. Zeldin Meets in DC with Leadership from the Long Island State Vets Home

On Wednesday, February 15, 2017, Congressman Lee Zeldin (R, NY-1) met with leadership from the Long Island State Veterans’ Home in his Washington D.C. office to discuss veterans’ legislation. Located in Stony Brook, the Long Island State Veterans’ Home provides high quality care and support services for veterans, including rehabilitation and adult day healthcare

HPD AND HDC JOIN OMNI NY, BANK OF AMERICA, AND PARTNERS TO CELEBRATE THE...

New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer and New York City Housing Development Corporation (HDC) President Eric Enderlin join Omni New York, Bank of America and other project partners to announce the completion of 655 Morris Avenue, a new construction affordable housing development in the Melrose neighborhood of the Bronx.

OGS To Award New Construction Contracts

RoAnn M. Destito, New York State Office of General Services Commissioner today announced that new construction bids have been awarded in the below counties. The awards are described in the listing below. The contracts are expected to be awarded to the apparent low bidders following review and approval by the State Comptroller's Office

OGS Announces Upcoming Construction Opportunities

RoAnn M. Destito, New York State Office of General Services Commissioner today announced bidding for four construction contracts listed below by county.

Household Debt Increases Substantially, Approaching Previous Peak

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased substantially by $226 billion (a 1.8% increase) to $12.58 trillion during the fourth quarter of 2016. This marked the largest quarterly increase in total household debt since the fourth quarter of 2013, and debt today is now just 0.8% below its peak of $12.68 trillion reached in the third quarter of 2008. Every type of debt increased since the previous quarter, with a 1.6% increase in mortgage debt, 1.9% increase in auto loan balances, a 4.3% increase in credit card balances, and a 2.4% percent increase in student loan balances.

Long Island County Executives Endorse Governor Cuomo’s Proposal to Empower Voters to Reduce Property...

Long Island County Executives today endorsed Governor Cuomo's plan to reduce property taxes by empowering voters to approve locally-designed plans that deliver shared, coordinated services and lower the cost of local government. The Governor’s groundbreaking proposal would require county executives to convene local government to meetings to develop shared service plans that reduce duplicative spending and find real, recurring property tax savings.

HPD COMMISSIONER TORRES-SPRINGER AND HDC PRESIDENT ENDERLIN ANNOUNCE HOUSING LOTTERY FOR 227 AFFORDABLE...

The New York City Department of Housing Preservation and Development Commissioner Maria Torres-Springer and New York City Housing Development Corporation President Eric Enderlin today announced the opening of the Housing Connect lottery for 227 affordable apartments at Park House, located at 4275 Park Avenue in the Bathgate/East Tremont neighborhood of the Bronx

STATE OF THE FORECLOSURE CRISIS: ADDRESSING THE CONTINUED NEED FOR HOMEOWNER PROTECTION

Senators Jeff Klein (D-Bronx/Westchester), Tony Avella (D-Queens), Jesse Hamilton (D-Brooklyn), Marisol Alcantara (D-Manhattan), Diane Savino (D-SI/Brooklyn), and Assembly Members Helene Weinstein (D-Brooklyn), Kenneth Zebrowski (D-New City), Steven Cymbrowitz (D-Brooklyn), Ellen Jaffee (D-Suffern), David Buchwald (D-Mount Kisco) and Jo Anne Simon (D-Brooklyn) joined Foreclosure Prevention Network organizations to release a report detailing the lingering issue of foreclosures in New York State as they called for a critically needed $30 million for foreclosure prevention legal services

State and Federal Funding Will Support the Creation of 319 Units

Congresswoman Elise Stefanik (R-NY-21), Chair of the House Republican Policy Committee’s Millennial Task Force, released a report of her committee’s findings during the 114th Congress titled, “Millennials & the GOP: Rebuilding Trust with an Untapped Electorate.”

Governor Cuomo Announces $14.4 Million Awarded to Three Supportive Housing Projects in the Bronx

Governor Andrew M. Cuomo today announced that $14.4 million has been awarded to three housing projects in the Bronx. In addition to federal funding, these awards will help create 319 units, including 142 supportive housing units for homeless families and individuals, including senior citizens, women and their children.

Staten Island REALTOR Dawn Carpenter inaugurated as NYSAR president

Dawn M. Carpenter, CPM of Staten Island, NY took the oath of office Monday, February 6, as the 2017 president of the New York State Association of REALTORS (NYSAR). The association’s inauguration ceremony was held in conjunction with its business meetings at The Desmond Hotel and Conference Center in Albany, NY. She will serve a one-year term in the post.

Ithaca REALTOR Christine ‘CJ’ DelVecchio inaugurated as NYSAR president-elect

Christine “CJ” DelVecchio, CBR, GRI of Ithaca took the oath of office Monday, February 6, as the 2017 president-elect of the New York State Association of REALTORS (NYSAR). The association’s inauguration ceremony was held in conjunction with its business meetings at The Desmond Hotel and Conference Center in Albany, NY

New York State Council on the Arts Holds Council Meeting February 16, 2017

The New York State Council on the Arts will be holding a Council Meeting February 16 from 1 p.m. to 3 p.m. at the NYSCA offices, 300 Park South, 10th Fl, New York, NY. The purpose of the meeting will be for the Council to vote on FY17 appeals, to review nominations for Panelists to evaluate FY18 grant applications, and to review grantees who have been awarded multi-year support and are scheduled to receive funding in FY18

Property Manager Of Poughkeepsie Housing Project Sentenced For Stealing HUD Funds

Preet Bharara, the United States Attorney for the Southern District of New York, announced today that CARL IMMICH, formerly the property manager of Harriet Tubman Terrace Apartments, a Section 8 Housing Complex in Poughkeepsie, New York, was sentenced to 18 months in prison. United States District Judge Cathy Seibel imposed today’s sentence

A.G. Schneiderman Announces Convictions In Syracuse Mortgage Fraud And Witness Tampering Cases

Alexander And Sima March Avoided Prosecution For 5 Years By Fleeing To Canada; Plead Guilty To Residential Mortgage Fraud Scheme; Alexander March Ordered To...

CITY OFFICIALS JOIN FOXY MANAGEMENT, HEBREW HOME AT RIVERDALE, ALEMBIC COMMUNITY DEVELOPMENT AND OTHER...

New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer, New York City Housing Development Corporation (HDC) President Eric Enderlin, and New York City Council Member Rafael Salamanca today joined Foxy Management, Hebrew Home at Riverdale, Alembic Community Development, and other project partners to celebrate the start of construction of 168 units of affordable senior housing at 1880 Boston Road in the West Farms neighborhood of the Bronx.

MAYOR DE BLASIO ROLLS OUT NEW AFFORDABLE HOUSING INITIATIVES FOR SENIORS, VETERANS AND FAMILIES...

Mayor Bill de Blasio today announced as part of his upcoming State of the City address two major initiatives to help seniors, veterans and other low-income families afford rent in New York City. The first will increase by 10,000 the number of apartments in Housing New York serving households earning less than $40,000—5,000 of which will be dedicated to seniors and 500 for veterans.

A.G. Schneiderman Announces Convictions In Syracuse Mortgage Fraud And Witness Tampering Cases

Attorney General Eric T. Schneiderman announced today the convictions of Alexander March on two indictments for his role in a residential mortgage fraud scheme and a conspiracy to tamper with witnesses who had testified against him. Today, in Onondaga County Court, before the Honorable Thomas J. Miller, Alexander March pleaded guilty to 16 felonies and 17 misdemeanors to satisfy both indictments and was ordered to pay $127,123.49 in restitution.

Governor Cuomo Announces Proposal for $15 Million Rebate Program for Renewable Heating and Cooling...

Governor Andrew M. Cuomo today announced a $15 million proposal to accelerate the use of renewable heating and cooling technologies in New York to stimulate the clean energy economy. The new policy framework released by the New York State Energy Research and Development Authority includes a proposed two-year, $15-million program to provide rebates for the installation of ground-source heat pumps. This plan will support the state’s goal to reduce greenhouse gas emissions in New York 40 percent by 2030 from 1990 levels.

NY State Homes and Community Renewal, Selfhelp Community Services And Partners Dedicate Van Cortlandt...

New York State Homes and Community Renewal joined Selfhelp Community Services, Broadway Mosholu LLC, Enterprise Community Partners, local leaders and project partners to celebrate the ribbon-cutting of the $26.4 million Van Cortlandt Green, an affordable housing development for low and middle-income seniors in the Riverdale community of the Bronx.

Governor Cuomo Announces $3 Million Expansion at Confer Plastics in Niagara County

Governor Andrew M. Cuomo today announced a more than $3 million expansion of Confer Plastics, a molded plastics product company located in North Tonawanda, Niagara County. The investment allows the firm to create 35 new jobs and significantly expand production in Western New York

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Empire State home sales set January record

The home sales growth trend continued in New York State during January with the 8,472 closed sales setting a new high-water mark for the month, according to the housing market report released today by the New York State Association of REALTORS. The January statewide median sales price of $250,000 represents an increase of 8.7 percent from a year ago.

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SYRACUSE HOMEOWNERS IN TAX JEOPARDY AS NEWLY CONFIRMED U.S. TREASURY SECRETARY...

Standing with Bayberry Community homeowners in Liverpool, NY, and amidst rising local anxiety about looming changes to tax policy that could hurt homeowners, U.S. Senator Charles E. Schumer today launched a push to preserve popular, but increasingly at-risk tax deductions: the mortgage interest deduction and the state and local property tax deduction

Editors’ Picks

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. Keller Fishback, Bahamas Real Estate