New York State Government and Public Real Estate News

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The New York State Association of REALTORS (NYSAR) was joined by New York State Senator Betty Little (R-Glens Falls) and Assemblymember Phil Ramos (D-Brentwood) on REALTOR Lobby Day in support of the NY First Home legislative proposal designed to assist New Yorkers in their quest to become first-time homeowners. The program would create a new tax-free savings account to help cover costs associated with the purchase of a first home in the state
The New York Department of State will host a public meeting of the New York State Fire Prevention and Building Code Council on Thursday, June 2, 2016 at 10:00 a.m. at the Department offices at 99 Washington Avenue in Albany, 123 William Street in New York City and 65 Court Street in Buffalo. The Meeting will be held via videoconference at all locations. The public has the right to attend the meeting at any of the locations
Speaker Carl Heastie and Judiciary Chair Helene Weinstein today announced the passage of legislation to combat the rising problem of abandoned residential properties by creating new efficiencies in the foreclosure process and imposing requirements for the maintenance of properties by a mortgagee or its loan servicing agent
Dramatic Increase In Mortgage Assistance Efforts Will Enable Thousands Of New Yorkers To Save Their Homes By Clearing Small Debts That Are Preventing Them From Avoiding Foreclosure. New Analysis Released Today Estimates Expansion Will Save $875 Million In Property Values for Neighboring Homeowners of Loan Recipients
The development site, encompassing nearly an entire city block, will be a 100% affordable housing development that includes housing affordable to households earning an annual income as low as $24,000 for a family of three
Attorney General’s Investigation Identified Evidence Of Systemic Discrimination Against Tenants Seeking To Use Section 8 Vouchers By Three Companies, Including Douglas Elliman, Fourth Largest Real Estate Company In The Country
The St. Lawrence Seaway Development Corporation (SLSDC) Operates & Maintains Critical Infrastructure Throughout the Great Lakes – Including Lake Erie – and St. Lawrence Seaway System – Schumer Argues Cuts to SLSDC Funding Will Put Regional Economy and Local Jobs at Risk
The New York Power Authority (NYPA) Board of Trustees will hold a regular meeting, via video conference, on Tuesday, May 24th at 9:30 a.m. at NYPA’s administrative office building at 123 Main Street, White Plains, New York in the 16th Floor Board Room.
New York State Homes and Community Renewal, New York State Office of Mental Health, and New York City Department of Housing Preservation and Development joined Services for the UnderServed (SUS), Bronx Pro Group LLC, and other project partners to celebrate the start of construction on the Morris Avenue Apartments, an 11-story, 94-unit affordable housing development in the University Heights neighborhood of the Bronx. The building will have 31 supportive units for individuals with mental illness reserved for 17 young adults with mental illness aging out of foster care and other institutions and 14 homeless adults with mental illness
Attorney General Eric T. Schneiderman today announced the indictment and arraignment of Yury Baumblit and Rimma Baumblit, “three-quarter house” operators in New York City, and their corporate entities #1 Marketing Service, Inc., R Y B Realty, LLC, Steps to Better Living Inc., and Orbit Management Group Inc., on charges of Grand Larceny in the Second Degree, Money Laundering in the Second Degree, and violations of the Social Services Law prohibiting the payment of kickbacks related to the provision of services under the State’s Medicaid program. The Attorney General’s office arrested Yury and Rimma Baumblit on April 13. Both have remained in custody since their arrest
New York State Homes and Community Renewal (HCR), Rochester’s Cornerstone Group, local officials, tenants, and others joined to celebrate the renovation and preservation of the historic Spa Apartments, a State Mitchell-Lama development for seniors in downtown Clifton Springs. Rochester’s Cornerstone Group, Ltd. and Home Leasing, LLC were co-developers in this undertaking
New York State Comptroller Thomas P. DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State Common Retirement Fund’s (Fund) request that they increase the use of renewable energy in their operations and supply chain
The new development will be affordable to extremely low- and low-income households with a majority of the apartments serving formerly homeless populations
Problems with the administration of the public housing modernization program run by New York State Homes and Community Renewal (HCR) have led to years-long delays in projects outside New York City, according to an audit released today by State Comptroller Thomas P. DiNapoli.
Previous NY Green Bank Investments Have Added Solar at 840 Homes and Wind Turbine Construction in Five Counties; Projects Expected to Reduce Carbon Emissions By Nearly Three Million Metric Tons
Borough President Gale A. Brewer announced her office has negotiated a framework for residential development at 4650 Broadway in Inwood, Manhattan's first private application considered under the new Mandatory Inclusionary Housing program. Under the framework deal announced by Brewer, the developer committed to a shorter building with a significant number of apartments that will actually be affordable to Inwood residents.
U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced $652,000 in federal funding for the Town of Richmond in Ontario County to make new investments in local water infrastructure. The funding was allocated through the U.S. Department of Agriculture’s (USDA) Rural Development Water and Waste Disposal Grant Program. Specifically, this funding comes in the form of a loan, which can be paid back over 38 years with low interest
The New York State Department of Taxation and Finance today reminded property owners—homeowners and businesses—that now is the time to review their assessments.
The New York Power Authority and the State University of New York at New Paltz announced today they will partner to build a cutting-edge, solar-energy storage system on campus that will offset the school’s reliance on the electric grid.
New York State Homes and Community Renewal (HCR) Commissioner James S. Rubin today announced the start of construction for the Joseph L. Allen Apartments, a new $17.9 million New York State funded 51-unit affordable and supportive housing development in Schenectady’s Hamilton Hill neighborhood. Commissioner Rubin attended a groundbreaking ceremony today along with officials from the New York State Office of Mental Health (OMH), Schenectady Mayor Gary McCarthy, developer DePaul Properties, Inc., and other partners.
At Gillibrand & Schumer’s Urging, Feds Lift Restrictions for Hundreds of Sandy Homeowners Currently Disqualified for Disaster Aid

HUD Rules Allow NYC to Complete Environmental Reviews For Eligible Homeowners Seeking Sandy Reimbursement

Washington, DC – July 31, 2013 – (RealEstateRama) — Today, U.S. Senators Kirsten Gillibrand, a member of the Environment and Public Works Committee, and Charles E. Schumer announced that the Housing and Urban Development (HUD) agency revised its regulations to allow New York City to expedite reimbursement for home repairs and rehabilitation for Short-term rent hundreds of Sandy homeowners currently deemed ineligible. Previously, HUD regulations blocked the City from conducting environmental reviews for Sandy victims’ homes that were “substantially damaged,” which is defined as losses albany apartments greater than half the value of their home. According to City estimates, this restrictive policy means hundreds of homeowners who already made repairs to their homes are ineligible to receive CDBG reimbursement. StreetEasy – NYC Real Estate and NYC Real Estate Listings more »

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