Washington, DC - March 19, 2010 - (RealEstateRama) — Today, U.S. Senator Charles E. Schumer announced that Community Development Corporation of Long Island, Inc. (CDC), a member of the national NeighborWorks network, has been awarded $383,400 in funding from NeighborWorks America. The grant will be used to support their efforts to revitalize and sustain communities across Long Island and promote and preserve affordable housing for the residents across Nassau and Suffolk Counties. Community Development Corporation of Long Island extends participation in Long Island’s version of “The American Dream” to people whose circumstances have precluded that participation. Working with a diverse client base, CDC helps people achieve self-sufficiency and success in the economic mainstream of society. more »

Albany, NY - March 19, 2010 - (RealEstateRama) — Governor David A. Paterson has signed into law legislation authorizing the New York City Housing Authority (NYCHA) to restructure the ownership of 21 public housing developments as part of a comprehensive rehabilitations plan. The restructuring, together with physical improvements that will be financed through the American Recovery and Reinvestment Act (ARRA) will also make the developments eligible for annual operating and capital subsidies from the federal government. more »

ATLANTA, GA - March 17, 2010 - (RealEstateRama) — IHG (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)], the world’s largest hotel group by number of rooms, announced today that a new 310-room Staybridge Suites will open in early April in the center of Manhattan.  Designed to be a place where guests can feel more at home while traveling, the Staybridge Suites Times Square ▪ New York City creates a unique hotel experience, blending sleek style and comfortable design with exceptionally warm hospitality.  Whether guests are visiting the city for a night or an extended period of time, they will be sure to enjoy all the complimentary amenities and services that Staybridge Suites provides. more »

New York, NY - March 17, 2010 - (RealEstateRama) — Halstead Property Development Marketing and Loewen Development today announced that more than 80 percent of its units are under contract for purchase at Graceline Court (www.gracelinecourt.com), a new residential development in Harlem. more »

New York, NY - March 12, 2010 - (RealEstateRama) — The Federal Bureau of Investigation’s New York Office is warning the public to remain on the lookout for scams involving real estate and rental properties. Two largely reported scams, which operate through Internet advertising, are being reported by individuals who have fallen victim to such malicious behavior. more »

New York, NY - March 12, 2010 - (RealEstateRama) — March 12, 2010 – Gold Development today announced that Hamilton Lofts, a premiere new condominium development at 117 and 121 Edgecombe Avenue in Harlem, is now 60% sold. more »

NEW YORK, NY - March 4, 2010 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved $1.28 million in grants to finance the renovation of 73 affordable housing units in New York State. more »

NEW YORK, NY - March 4, 2010 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved a $75,000 grant to The Citizen’s Alliance, Inc. to finance improvements of seven housing units in Buffalo. more »

Albany, NY - March 3, 2010 - (RealEstateRama) — The State Office of Temporary and Disability Assistance (OTDA) today announced that nearly $4.7 million has been awarded to fund homeless housing and related support services in the cities of Utica and Ithaca. more »

Hauppauge , NY - March 1, 2010 - (RealEstateRama) — Despite an ongoing recession and a record number of home foreclosures across the country, County Executive Steve Levy is continuing in his efforts to provide affordable housing opportunities for Suffolk residents. more »

New York City, NY - February 25, 2010 - (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) today announced five businesses and institutions will receive grants to install solar thermal systems in the Bronx, Manhattan, and Queens. Solar thermal is an established clean energy technology that collects sunlight to produce thermal energy, or heat. The grants, totaling nearly $200,000, will help enable the installation of $1.6 million worth of proposed solar thermal projects, including what would be the largest solar thermal installation in the City at New York Hospital Queens in Flushing. The other installations will take place at the Juilliard School at Lincoln Center; Community of the Holy Spirit in Harlem; Tri-State Biodiesel in the Hunts Point section of the Bronx; and a 30-unit mixed-use building in the Foxhurst section of the Bronx. NYCEDC will also today release an application for a second round of funding to provide grants that will lead to implementation of solar thermal projects for 10 or more businesses and institutions. more »

Albany, NY - February 26, 2010 - (RealEstateRama) — The New York state housing market posted an improved start to 2010 compared to the beginning of last year with sales increasing by 11 percent compared to January 2009, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. The statewide median sales price jumped more than 30 percent compared to January 2009. more »

New York, NY - February 24, 2010 - (RealEstateRama) — To protect New York’s 400,000 residents of public housing, the Senate Majority today passed S6430A (Squadron) making the New York City Housing Authority (NYCHA) eligible for an immediate infusion of $400 million in capital funding. Under the legislation, New York City’s deficit plagued housing authority will also be able to draw $75 million annually in federal funds for perpetuity. more »

New York, NY- February 24, 2010 - (RealEstateRama) — PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST JR., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation (”FBI”), and BRIAN G. PARR, the Special Agent-in-Charge of the New York Field Office of the United States Secret Service (”USSS”), announced today the arrests of three defendants—SHAHEID BILAL, RHONDA PAYNE, and RICHARD BRITT—on charges stemming from a subprime mortgage fraud scheme involving $3 million worth of mortgages on residential properties in and around Orange and East Orange, New Jersey. more »

Albany, NY - February 22, 2010 - (RealEstateRama) — Assembly Speaker Sheldon Silver, Ways and Means Committee Chair Herman D. Farrell and Housing Committee Chair Vito Lopez today announced the passage of legislation which would authorize the New York City Housing Authority (NYCHA) to restructure the ownership of all or part of housing projects not currently receiving direct federal funding in order to be eligible for federal operating subsidies and federal subsidies for major repairs (A.9487-B). more »