Wintry weather fails to quell demand for homes
Albany, NY - February 21, 2014 - (RealEstateRama) -- The New York State housing market started 2014 on solid footing with closed and pending sales falling minimally from the significant gains posted in January 2013, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price continued to grow as it did throughout 2013, posting a 10.1-percent increase compared to last January
DOS HOSTS MEETING OF STATE FIRE PREVENTION AND BUILDING CODE COUNCIL
ALBANY - February 21, 2014 - (RealEstateRama) -- The New York Department of State will host a public meeting of the STATE FIRE PREVENTION AND BUILDING CODE COUNCIL on Thursday, February 27, 2014 at 10:00 a.m. The meeting will take place using videoconferencing at various locations. The public has the right to attend the meeting at any of the locations.
SCHUMER ANNOUNCES PUSH FOR $36 MILLION IN FEDERAL FUNDS TO PROTECT FAMILES AND HOMES...
New York, NY - February 20, 2014 - (RealEstateRama) -- U.S. Senator Charles E. Schumer today announced that he is pushing to secure $36 million in federal funding to construct a series of off-shore breakwaters and a living shoreline along the coast of Conference House Park that will reduce the risk of damage to homes and infrastructure along the South Shore of Staten Island during major coastal storms. When Superstorm Sandy hit the South Shore of Staten Island in October 2012, lives were lost and thousands of homes were destroyed, which underscores the need for measures to prevent flooding and damage during future storms. The funding for this project would come from
Governor Cuomo Outlines Proposal to Cut Property Taxes on Long Island
Albany, NY - February 20, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today detailed his proposal to cut taxes for residents and businesses during a visit to Nassau Community College in Nassau County. As part of the Governor’s 2014-15 Executive Budget, the proposal continues the fiscal discipline of the past three years by holding spending increases to below two percent, while also reducing taxes by more than $2 billion by 2016-17
A.G. Schneiderman Announces Sentencing Of Construction Company Owner For Underpaying Workers On NYC Affordable...
NEW YORK - February 19, 2014 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today announced the sentencing of Applied Construction Inc., its owner, Mohammad T. Riaz, its manager, Mohammad Arshad, and two foremen, Zbigniew Lakomiec and Socrates “Tony” Carrera, for failing to pay prevailing wages to workers on a public works construction project at a residential building in the Bronx. The project was financed and overseen by the New York City Department of Housing Preservation and Development (HPD).
New York Fed Report Shows Households Adding Debt
NEW YORK - February 18, 2014 - (RealEstateRama) -- In its latest Household Debt and Credit Report, the Federal Reserve Bank of New York announced that outstanding household debt increased $241 billion from the previous quarter, the largest quarter over quarter increase since the third quarter of 2007. The increase was led primarily by a 1.9 percent increase in mortgage debt ($152 billion). In Q4 2013 total household indebtedness increased to $11.52 trillion; 2.1 percent higher than the previous quarter. Overall household debt remains 9.1 percent below the peak of $12.68 trillion in Q3 2008. The report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample drawn from anonymized Equifax credit data.
EXCERPTS FROM SUPERINTENDENT LAWSKY’S REMARKS ON NON-BANK MORTGAGE SERVICING IN NEW YORK CITY
WASHINGTON, D.C. - February 17, 2014 - (RealEstateRama) -- Benjamin M. Lawsky, Superintendent of Financial Services for the State of New York, is delivering remarks today at the New York Bankers Association
Mangano Reminds Residents Of Warmbed Emergency Winter Shelter Program
WASHINGTON, D.C. - February 17, 2014 - (RealEstateRama) -- With snow and frigid temperatures affecting Long Island, Nassau County Executive Edward P. Mangano today announced that WARMBED,Nassau County’s Emergency Shelter Relief Program for homeless individuals and families during the winter months, is active. The Nassau County Winter Homeless Hotline operates 7 days a week and runs through March 31st, 2014. If winter conditions persist beyond March 31st, the program will continue until warmer weather arrives
SCHUMER PUSHES FOR $10.1M IN FEDERAL AID FOR THREE CRITICAL CAPITAL REGION INFRASTRUCTURE REPAIR...
ASHINGTON, D.C. - February 14, 2014 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer announced his effort to secure $10.1 million in federal funding for three critical infrastructure projects in the Capital Region that are in desperate need of repair: the Troy Seawall, the Amsterdam Dove Creek Wall, and the Cobleskill Water Supply project. Specifically, Schumer urged the Federal Emergency Management Agency (FEMA) to swiftly approve funding for these three New York State high-priority Hazard Mitigation Grant Program applications: the City of Troy needs $6.7 million from FEMA to begin the construction of its seawall stabilization project, which can begin in earnest next year if FEMA quickly approves the funds. The City of Amsterdam is seeking $1.1 million in federal funding for repair of the Dove Creek Wall, and the Town of Cobleskill is seeking $2.3 million for repairs to its water supply syst
House Leadership Announces Vote on Rep. Grimm’s Flood Insurance Reform Bill
WASHINGTON, D.C. - February 14, 2014 - (RealEstateRama) -- In announcing the House’s pending vote on the Congressman’s legislation, Majority Leader Eric Cantor (VA-7) praised the Congressman’s steadfast efforts to drive flood insurance negotiations over the past several months. “I applaud Congressman Grimm’s constant leadership in bringing all sides together on this important issue. His tireless work to find a solution for the National Flood Insurance Program is a testament to his dedication to his constituents” said Leader Cantor
Governor Cuomo Announces $1.75 Million Awarded to Fight Chronic Homelessness for Families Dealing With...
New York, NY - February 12, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced $1.75 million in grants awarded to provide permanent supportive housing in New York City for homeless families struggling with addiction to drugs or alcohol. This announcement builds on the Governor’s commitment to support community treatment opportunities, including supportive housing units for homeless families with members suffering from a chemical dependency. These funds are available through the New York State Office of Alcoholism and Substance Abuse Services (OASAS)
Serrano Applauds BronxWorks – Helps with $1 Million Federal Grant
The Bronx, NY - February 12, 2014 - (RealEstateRama) -- Today, Congressman José E. Serrano applauded BronxWorks, an organization in his community that changes lives and assists those in need with a variety of services. Serrano recently helped BronxWorks with a federal grant from the Department of Housing and Urban Development for their work, which will bring $1 million to the organization
Conversion of Kingston Lace Factory to Artists’ Affordable Housing Begins
WASHINGTON, D.C. - February 10, 2014 - (RealEstateRama) -- Preservation and Rehab of the United States Lace Curtain Mill factory has begun its first phase with environmental remediation. The project will create 55 units of affordable housing for artists in the City of Kingston and generate $18.3 million in regional economic activity, while retaining the unique architectural character of the building
Governor Cuomo Announces $63 Million to Build Homeless Housing Units and Create More Progressive...
WASHINGTON, D.C. - February 4, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today highlighted the additional capital funding in the 2014-15 Executive Budget to make communities across the State more progressive by encouraging the creation of supportive housing for public assistance recipients and low-income households. The Executive Budget Proposal increases funding from the $30 million that was enacted in the 2013-14 Executive Budget to $63 million for the Homeless Housing and Assistance Program (HHAP), which is administered by the New York State Office of Temporary and Disability Assistance (OTDA).
Crowley Joins An Angel in Queens Founder Jorge Muñoz to Distribute Meals for the...
Queens, NY - February 4, 2014 - (RealEstateRama) -- On Thursday, January 30th, U.S. Rep. Joe Crowley (D-Queens, the Bronx) joined An Angel in Queens Founder Jorge Muñoz to distribute meals to homeless and unemployed New Yorkers on Roosevelt Avenue and 73rd Street in Jackson Heights. Muñoz, a community leader in the battle against hunger, has served over 225,000 home-cooked meals since 2004. Just two days prior, Crowley hosted Muñoz at President Obama’s State of the Union address and recognized him for his commitment to helping communities in need.
Governor Cuomo Announces $63 Million to Build Homeless Housing Units and Create More Progressive...
Albany, NY - February 4, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today highlighted the additional capital funding in the 2014-15 Executive Budget to make communities across the State more progressive by encouraging the creation of supportive housing for public assistance recipients and low-income households. The Executive Budget Proposal increases funding from the $30 million that was enacted in the 2013-14 Executive Budget to $63 million for the Homeless Housing and Assistance Program (HHAP), which is administered by the New York State Office of Temporary and Disability Assistance (OTDA).
Mangano Reminds Residents Of Warmbed Emergency Winter Shelter Program
WASHINGTON, D.C. - February 3, 2014 - (RealEstateRama) -- With snow and frigid temperatures approaching Long Island, Nassau County Executive Edward P. Mangano today announced that WARMBED,Nassau County’s Emergency Shelter Relief Program for homeless individuals and families during the winter months, is active. The Nassau County Winter Homeless Hotline operates 7 days a week and runs through March 31st, 2014. If winter conditions persist beyond March 31st, the program will continue until warmer weather arrives
Senator Joined Bipartisan Group Last Month Urging Congress to Pass Flood Reform Bill
Washington, DC - February 3, 2014 - (RealEstateRama) -- U.S. Senator Kirsten Gillibrand announced that today, the U.S. Senate passed the bipartisan Homeowner Flood Insurance Affordability Act that she has co-sponsored to delay the most aggressive rate increases and fix major flaws in the Biggert-Waters Flood Insurance Reform law to make the National Flood Insurance Program affordable, accessible and self-sustainable. The bill, which also includes Gillibrand’s amendment that will help thousands of New York City homeowners whose homes are impossible to elevate reduce their flood risk and lower flood insurance rates, now heads to the House for a vote.