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Monthly Archives: April 2014

Schumer, Gillibrand Call for ‘Proof Of Loss’ Extension for Sandy Victims; Deadline Fast Approaching...

WASHINGTON, D.C. - April 24, 2014 - (RealEstateRama) -- FEMA’s ‘Proof of Loss’ Form Must Be Submitted By April 28th for Flood Insurance Coverage of Personal Property that was Damaged By Floodwaters; Many Sandy-Victims Are Still Recovering & Need More Time to File Claims

Governor Cuomo Announces Completion of Academy Lofts Project in Arbor Hill

Albany, NY - April 22, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced the completion of The Barn and Academy Lofts at the Barn, a restoration project designed to increase affordable housing opportunities and serve as an innovative business incubator in Albany’s Arbor Hill neighborhood. This collaborative project has transformed the long vacant St. Joseph’s Academy into affordable apartments and a multi-purpose site for the arts community that is expected to generate nearly $10 million in local economic activity and leveraged support from State and local partners, including the Capital Region Economic Development Council (CREDC).

Empire State median sales price continues to climb as home sales dip in first...

Albany, NY - April 22, 2014 - (RealEstateRama) -- The New York State median sales price grew by 5.1 percent in the 2014 first quarter compared to a year ago, continuing its upward trend, according to the housing market report released today by the New York State Association of REALTORS. Sales dropped 1.8 percent compared to the start of 2013.

SCHUMER TO FEDS: WHEN IT COMES TO SANDY RECOVERY, DON’T FORGET ABOUT THE NORTH...

WASHINGTON, D.C. - April 17, 2014 - (RealEstateRama) -- U.S. Senator Charles E. Schumer today launched his effort to ensure that the federal government does not leave out North Shore Long Island communities, like North Hempstead, in funding Sandy rebuilding and resiliency efforts. The Town of North Hempstead has a number of critical recovery projects in the works, including rebuilding the town dock in Port Washington, repairing a number of critical bulkheads and seawalls, and completing sand removal, that have yet to be funded over 18 months after the storm. Specifically, Schumer called on the Federal Emergency Management Agency (FEMA) and the Dept. of Housing and Urban Development (HUD) to prioritize and expedite consideration of several major projects throughout the Town of North Hempstead that will help protect Nassau County’s North Shore communities in the event of a future storm. Schumer today said that many projects along the South Shore have been the

Governor Cuomo Announces $95 Million to Build Affordable Housing Across the State

Albany, NY - April 17, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced over $95 million in awards for shovel-ready projects to build affordable housing across the state. The low-interest loans and tax credits will build and preserve nearly 2,100 units of affordable housing and are expected to leverage more than $435 million in grants, loans and private resources.

Mangano: IDA Helps Bring Much Needed Rental Housing Options To Nassau County

WASHINGTON, D.C. - April 14, 2014 - (RealEstateRama) -- County Executive Edward P. Mangano announced today that the Nassau County Industrial Development Agency (IDA) has approved an economic development compact for Avalon Bay Communities to build 191 rental apartments, 10 percent of them affordable workforce housing units, on the site of a now-defunct petroleum storage facility in Great Neck. When completed, this project will generate $56.4 million in economic benefit for the local economy while bringing the number of new housing opportunities created in Nassau under the Mangano administration to over 1,150

Governor Cuomo Highlights New York State Budget in Monroe County

Albany, NY - April 10, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today highlighted key points of the 2014-2015 New York State Budget, the fourth consecutive on-time budget that holds spending growth below two percent, in Irondequoit. The Budget provides $1.5 billion in property tax cuts to help New York’s homeowners and encourage local governments to increase efficiencies, transforms schools and increases education spending by a record 5%, and lowers the corporate income tax rate to zero.

A.G. Schneiderman Secures Agreement With Major Commercial Real Estate Company To Ensure Equal Access...

NEW YORK - April 9, 2014 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today announced an agreement with Vornado Realty Corporation, one of the largest owners and managers of commercial real estate in the U.S., that will ensure that individuals with disabilities are provided equal access to parking lots and garages at 20 shopping centers in New York owned by the company. The settlement requires that the facilities are upgraded so they comply with requirements and design standards set forth in the federal Americans with Disabilities Act, so those with disabilities have access to the goods and services that are available at the centers

SCHUMER & GILLIBRAND ANNOUNCE $1.7 MILLION IN FEDERAL FUNDS TO BUYOUT AND DEMOLISH SEVERLY...

WASHINGTON, D.C. - April 9, 2014 - (RealEstateRama) -- U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced $1.7 million in federal funds to acquire and demolish flood-damaged structures in the Village of Sidney in Delaware County, and turn them into green space. The federal funds cover 75% of Delaware County’s project to buyout and tear down the properties in this flood-prone location. Because the damaged buildings were located in a flood hazard zone, where there was persistent and severe flooding, demolishing the structures was Delaware County’s preferred plan

Congressman Engel announces over $3 million HUD award for homeless services

Washington, D.C. - April 9, 2014 - (RealEstateRama) -- Congressman Eliot Engel (NY-16) announced that the U.S. Housing and Urban Development (HUD) has awarded over $3 million in grants to non-profits and governmental agencies in his Congressional District, which will provide social services and housing assistance to homeless individuals and families

Department of State Board of Real Estate Appraisal to Hold Meeting

ALBANY - April 4, 2014 - (RealEstateRama) -- The New York Department of State will hold a public meeting on Tuesday, April 8, 10:30 a.m. at 99 Washington Avenue in Albany, 65 Court Street in Buffalo, and 123 William Street in NYC.  The Department’s Division of Licensing Services issues licenses to persons who conduct appraisals on real estate, and the Board of Real Estate Appraisal assists the Department in adopting rules and regulations relating to this discipline. The meeting is open to the general public

Senate Passes Education Budget Providing $1.1 Billion Increase in School Aid

New York, NY - April 1, 2014 - (RealEstateRama) -- The New York State Senate today passed the 2014-15 education budget that will increase school aid by $1.1 billion, bringing total support for public schools to $22.1 billion. The 2014-15 State Budget distributes school aid fairly and equitably across the state, will help reduce pressure on local property taxpayers, provides additional support for charter schools and for early education programs, and makes important changes to address serious concerns raised about the Common Core program.

2014-15 Budget Provides Almost $5 Billion in Property Tax Relief

New York, NY - April 1, 2014 - (RealEstateRama) -- New York’s hardworking families will see substantial property tax relief from the 2014-15 state budget, including a record amount of funding for the STAR program -- $3.4 billion -- and $1.5 billion in relief over the next three years from a new property tax freeze program.