MAPS REVEAL STARK INEQUITIES IN MORTGAGE LENDING BASED ON RACE IN NYC
WASHINGTON, D.C. - January 31, 2014 - (RealEstateRama) -- The maps show unequal lending patterns based on the racial composition of communities in New York City, controlling for the number of owner-occupied units in each neighborhood. New Yorkers who live in predominantly white neighborhoods on average receive twice as many conventional home purchase loans as New Yorkers who live in predominantly black or Latino neighborhoods, for every 100 owner-occupied housing units in the neighborhood.
Congresswoman Lowey Opposes Farm Bill That Would Cost 300,000 New York Households $90 Per...
WASHINGTON, D.C. - January 30, 2014 - (RealEstateRama) -- Congresswoman Nita Lowey (D-Westchester/Rockland), the senior Democrat on the House Appropriations Committee, opposed the Farm Bill considered by the House earlier today because it would disproportionately impact New Yorkers, reducing nutritional assistance benefits $90 per month for approximately 12,530 households in Westchester and Rockland Counties and 300,000 statewide
Gillibrand Announces Bipartisan Flood Insurance Bill to Delay Rate Hikes Will Include her Amendment...
Washington, DC – U.S. Senator Kirsten Gillibrand announced that her amendment to help thousands of New York City homeowners whose homes are impossible to elevate reduce their flood risk and lower flood insurance rates will be included in the bipartisan Homeowner Flood Insurance Affordability Act. The U.S. Senate unanimously approved her amendment today to be part of the latest flood insurance legislation and is set to vote on final passage of the bill tomorrow. Gillibrand’s amendment would help New York City and urban homeowners of buildings such as brownstones, brick buildings, and multi-family homes that are physically impossible to elevate to reduce their flood risk and lower their flood insurance rates.
Rep. Maloney Lauds President’s Call for Housing Finance Reform as Long Overdue
WASHINGTON, D.C. - January 29, 2014 - (RealEstateRama) -- Congresswoman Carolyn Maloney (NY-12), Ranking Member of the House Subcommittee on Capital Markets and Government Sponsored Enterprises (GSE), released the following statement in reaction to President Obama’s call for housing finance reform in the 2014 State of the Union Address
Gillibrand Introduces Amendment to Help NYC Homeowners Reduce Flood Risk, Lower Flood Insurance Rates...
Washington, DC - January 28, 2014 - (RealEstateRama) -- As the Senate gets ready to vote tonight to begin debate on a bill to delay flood insurance premiums, U.S. Senator Kirsten Gillibrand introduced an amendment to the Homeowner Flood Insurance Affordability Act, which will help New York City and other urban homeowners of buildings such as brownstones, brick buildings, and multi-family homes that are physically impossible to elevate to reduce their flood risk and lower their flood insurance rates. Currently, the only way to reduce flood insurance premiums for homeowners living in flood-prone areas is to elevate their homes. But for thousands of New York homeowners who cannot elevate their properties due to its inherent structure, there are no federal guidelines in place to prevent a costly increase in their flood insurance rates
Maloney Urges Neighbors to Take Precautions Against Extreme Cold
Newburgh, NY - January 27, 2014 - (RealEstateRama) -- Representative Sean Patrick Maloney urged folks in the Hudson Valley to take precautions, and check on those who are most vulnerable during the recent dangerously cold temperatures. With freezing temperatures and winds plummeting temperatures to below zero for the next week, Rep. Maloney encouraged folks to be careful and take all necessary steps to ensure the safety of our children, the elderly, and the homeless in need of emergency shelter
Governor Cuomo Announces Energy Efficiency Projects at 10 SUNY Campuses to Save $3.5 Million...
Albany, NY - January 23, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced a partnership between the New York Power Authority (NYPA) and the State University of New York (SUNY) to undertake energy efficiency measures at 10 SUNY campuses that will save the university system $3.5 million each year and contribute to cleaner communities. The projects will reduce the university system’s peak energy use by approximately 3.6 megawatts (MW)—enough to power some 3,600 typical homes—and help to eliminate 21,000 tons of greenhouse gas emissions annually.
HPD, HDC And Preservation Development Partners Announce The Renovation Of Albert Goodman Plaza A...
New York, NY - January 22, 2014 - (RealEstateRama) -- The New York City Department of Housing Preservation and Development (HPD), the New York City Housing and Development Corporation (HDC) and Preservation Development Partners announce the $41 million acquisition and financing for the rehabilitation of Albert Goodman Plaza, a four-building 252-unit complex in the Bronx. The property, which had fallen into disrepair under its previous owner, was acquired by Preservation Development Partners, a joint venture of developers Francine Kellman, Brian Raddock, Donald Capoccia, Joseph Ferrara, and Brandon Baron.
Governor Cuomo Deploys DFS Mobile Command Center to West Seneca to Help Victims of...
Albany, NY - January 22, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today deployed the Department of Financial Services’ (DFS) Mobile Command Center to West Seneca to help homeowners and businesses affected by recent flooding. Governor Cuomo also outlined resources and advice for victims who are dealing with their insurance companies to help them get the relief to which they are entitled as quickly as possible, including the availability of a DFS Disaster Hotline at 1-800-339-1759
After Commack Family’s Tragedy, Rep. Israel Announces Legislation to Boost Fire-Safety Transparency in College...
Commack, NY - January 21, 2014 - (RealEstateRama) -- Today, Congressman Steve Israel (D-Huntington) announced he’ll be introducing federal legislation, the Kerry Rose Fire Sprinkler Notification Act, to require improved notifications of fire-safety systems for students and their families as they pick campus-affiliated housing at colleges and universities across the country. He was joined by the Fitzsimons Family of Commack who lost their daughter, Kerry Rose, to a fire in the house she lived in at Marist College in 2012.
WARBURG REALTY® ANNOUNCES TOP 2013 BROKERS
New York, NY - January 17, 2013 - (RealEstateRama) -- Warburg Realty®, one of Manhattan’s leading residential real estate companies, has announced its top 10 brokers for 2013. Wendy Greenbaum was the firm’s top agent, followed by Richard Steinberg and Jay Glazer.
Federal Home Loan Bank of New York Awards $1.4 Million in Affordable Housing Grants...
New York, NY - January 16, 2013 - (RealEstateRama) -- The Federal Home Loan Bank of New York announced today the award of an $857,500 grant to the St. John Fruit Belt Development Corporation to help finance the St. John Townhomes II project, which will build 49 units of affordable housing in the Fruit Belt neighborhood of Buffalo; a $400,000 grant to the Lackawanna Housing Development Corporation to help finance the Lackawanna Homes project, which will build 48 single-family homes and a community building in a targeted revitalization neighborhood in Lackawanna; and a $163,800 grant to Niagara Community Action Program, Inc. to help finance the rehabilitation of 20 units of owner-occupied housing across Niagara County. Federal Home Loan Bank of New York members M&T Bank and First Niagara Bank submitted the applications for the funding.
AFTER PUSH, SCHUMER ANNOUNCES THAT THE LOW INCOME HOME ENERGY ASSISTANCE PROGRAM WILL RECEIVE...
New York, NY - January 15, 2013 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer announced that, after his push, the FY2014 Appropriations Bill will increase federal funding for the Low Income Home Energy Assistance Program (LIHEAP) to $3.4 billion, up $169 million from FY2013. In light of record low temperatures and extreme weather throughout Upstate New York last week, Schumer called on appropriators to increase funding for LIHEAP this year.
Canarsie, South Brooklyn Communities Added To NY Rising Community Reconstruction Program
Brooklyn, NY - January 14, 2013 - (RealEstateRama) -- Today, Congressman Hakeem Jeffries (NY-8) and Assemblyman Nick Perry (AD-58) announced the addition of Canarise, Marine Park, Mill Basin, Bergen Beach and Georgetown to the NY Rising Community Reconstruction Program. The program provides funding for rebuilding and redevelopment assistance to communities that were crippled by Superstorm Sandy and Hurricanes Irene and Lee.
Governor Cuomo makes tax relief a top priority in his fourth State of the...
WASHINGTON, D.C. - January 10, 2013 - (RealEstateRama) -- Gov. Andrew Cuomo delivered his fourth State of the State address on Wednesday, January 8, 2014. Included in his speech were several proposals important to New York State’s REALTORS including
SCHUMER: POLAR VORTEX IS CAUSING SOME OF UPSTATE NY’S MOST FRIGID TEMPERATURES IN DECADES...
WASHINGTON, D.C. - January 9, 2013 - (RealEstateRama) -- In light of record low temperatures and extreme weather slamming Upstate New York, U.S. Senator Charles E. Schumer today on a conference call urged the Department of Health and Human Services (HHS) to immediately release over $35 million in funds from the Low Income Home Energy Assistance Program (LIHEAP) that are currently being held back and will go to New York residents upon release. As of November 2013, HHS only obligated $316 million of the $351 million that is available for New York this winter from the FY13 appropriations
Storage Becoming as Hot as Real Estate in NYC
New York, NY - January 8, 2013 - (RealEstateRama) -- If you choose to live in America's most populated city, you have to be ready to fight for space. Apartments and homes rent at a premium, with NYC residents paying an average of $3,344 per month simply to stay in the city. If you're a real estate agent or broker in the Big Apple, you're probably familiar with the cutthroat world of apartment hunting, where residents often start looking far in advance of their move date and arrive at every unit viewing with documents in hand, ready to write a check on the spot
In Wake of Bronx Explosion, Senator Klein, Assemblyman Benedetto Vow to Increase Penalties for...
Country Club, Bronx, N.Y. - January 3, 2013 - (RealEstateRama) --In the wake of a major fireworks explosion Monday night in the Bronx, State Senate Co-Leader Jeff Klein (D-Bronx/Westchester) announced he will introduce legislation that would dramatically increase penalties for vandals who set-off fireworks explosions causing more than $1,000 in property damage or public panic. Assemblyman Michael Benedetto (D-Bronx) will sponsor the legislation in the Assembly