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Monthly Archives: February 2015

Rep. Engel Announces $492,000 HUD Grant for Yonkers Municipal Housing Authority

WASHINGTON, D.C. - February 27, 2015 - (RealEstateRama) -- Congressman Eliot Engel, a senior member of the House Energy and Commerce Committee, announced that the U.S. Department of Housing and Urban Development (HUD) has awarded a $492,000 grant to the Municipal Housing Authority for the City of Yonkers. The grant, part of the Residential Opportunity and Self-Sufficiency – Service Coordinators (ROSS-SC) program, will provide funding for non-profit organizations to hire Service Coordinators to synchronize supportive services and other activities designed to help public housing residents achieve economic and housing self-sufficiency.

Lockport Man Sentenced for Mortgage Fraud

U.S. Attorney William J. Hochul, Jr. announced today that James P. Vasiliou, Jr., 49, of Lockport, NY, who was convicted of bank (mortgage) fraud, was sentenced to time service and nine months of home detention and electronic monitoring by U.S. District Court Judge Richard J. Arcara

Empire State Development Announces Amsterdam Printing Plans To Continue And Grow Operations In The...

Empire State Development (ESD) today announced that Amsterdam Printing and Litho, which has been part of the Amsterdam community for more than 115 years, is planning to continue its long tradition in the Mohawk Valley and create nearly 40 new jobs while retaining its existing employee base of 469 in New York State

A.G. Schneiderman Secures Over $500,000 In Restitution And Title Certificates For Consumers Against Dominican...

Attorney General Eric T. Schneiderman today announced a settlement in his lawsuit against the Dominican real estate development company Consorcio Empresarial Emproy-Divisa, S.A; Danilo Diaz, the company’s president; Julio Balbuena, the company’s sales manager; Rivas Travel and Multiservice, Inc., a New York corporation

Rose Associates Receives REBNY Award for RoseCares

Rose Associates, the New York-based full-service real estate firm, was recognized today with a REBNY Award for its RoseCares program. The award for community service was presented to Rose at REBNY’s annual Residential Management Leadership breakfast.

SENATOR JEFF KLEIN, ASSEMBLYMAN MARCOS CRESPO, SOUNDVIEW HOMEOWNERS & ATTORNEY SUSAN CHANA LASK ANNOUNCE...

An unscrupulous contractor and the New York City Department of Buildings (DOB) swindled Bronx homeowners out of millions of dollars by constructing substandard homes and failing to provide new homeowners with valid certificates of occupancy upon closing, alleges an $8 million federal lawsuit announced today by State Senator Jeff Klein (D Bronx/Westchester), Assemblyman Marcos Crespo (D-Bronx), the Soundview Homeowners and Attorney at Law Susan Chana Lask.

New York State home sales slow in January

The number of closed home sales in New York State during January dipped by 10.7 percent compared to January 2014, according to the housing market report released today by the New York State Association of REALTORS

New technology will save time and money

The long-held tradition of attorney’s and their prospective homebuyers having to come downtown to Old County Hall to sign a multitude legal documents to purchase their new home might soon become a thing of the past.

COMPTROLLER STRINGER FINDS WIDESPREAD LANGUAGE BARRIERS IN HOUSING COURTS FOR NON-ENGLISH SPEAKING NEW YORKERS

Tenants with Limited English Proficiency (LEP) face a myriad of hurdles in housing courts in all five boroughs, including long waits for interpreters and inadequate multi-lingual signage and literature, according to a review of language access issues in our City’s courts system in all five boroughs by New York City Comptroller Scott M. Stringer

CUCS Institute Presents at National Conference

CUCS Institute Presents at National Conference on Ending Family Homelessness. The CUCS Institute’s Aaron Levitt and Martha Kenton presented at the 2015 National Conference on Ending Family Homelessness hosted by the National Alliance to End Homelessness (NAEH). Held in San Diego, CA, February 18-20, 2015, the conference focused on strategies to end family and youth homelessness, including rapid re-housing and family intervention, and included a series of workshops on developing systems for oversight of housing assistance.

RFP Seeks Proposals to Redevelop Centrally Located, High-Density Site in the Heart of Lower...

New York City Economic Development Corporation (NYCEDC) announced a Request for Proposals (RFP) to redevelop a site located at 137 Centre Street in a manner that responds to the needs of the community, revitalizes an underutilized City property, and maximizes the site’s potential. NYCEDC particularly seeks proposals that incorporate needed services or neighborhood amenities, such as space dedicated to a Universal Pre-Kindergarten facility.

Flood Map Meetings Scheduled in Ocean County

Ocean County residents and property owners will be able ask questions and obtain information on their property’s flood hazard risk at two Open Houses scheduled to take place in Ocean County on Wednesday, Feb. 25 and Thursday, Feb. 26 from 4 to 8 p.m

$775,000 Targeted Investment Pays Off for Farmers in the Hudson Valley

Albany, NY – February 20, 2015 – (RealEstateRama) — Governor Andrew M. Cuomo today highlighted the success of a pilot program initiated by a Kingston food hub thanks to a $775,000 grant from the state Department of Agriculture and Markets and Empire State Development. In 2012, Farm to Table Co-Packers, in partnership with Hudson Valley Harvest and Hudson Valley Agribusiness Development Corporation (HVADC), was awarded a New York State grant of $775,000 to expand its infrastructure and processing capacity.

INDEPENDENT DEMOCRATIC CONFERENCE TO UNVEIL COMPREHENSIVE PLAN TO REINVEST IN AFFORDABLE AND PUBLIC HOUSING...

NEW YORK, NY - February 20, 2015 - (RealEstateRama) -- Independent Democratic Conference Leader State Senator Jeff Klein (D-Bronx/Westchester) unveiled the IDC’s bold and comprehensive housing agenda to members of the New York Housing Conference at a luncheon event on Thursday.

Lexington Realty Trust Reports Fourth Quarter 2014 Results

NEW YORK, NY – February 19, 2015 – (RealEstateRama) — (GLOBE NEWSWIRE) -- Lexington Realty Trust ("Lexington") (NYSE:LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the fourth quarter ended December 31, 2014.

New Affordable Apartments in Coram

Centereach, NY – February 19, 2015 – (RealEstateRama) — Community Development Corporation of Long Island and Conifer Realty announce they have begun taking applications for the rental homes for Wincoram Commons, a new community in Coram, NY. A lottery will be held on March 19th to select applicants for the initial 98 one, two and three bedroom apartments.

Empire State Development Announces Plans for Construction of New 33-Acre Office, Academic, and Medical...

February 19, 2015 – (RealEstateRama) — Empire State Development (ESD) today announced plans for the construction of a new 33-acre office, academic, and medical center in the Bronx that is expected to generate thousands of high-paying new permanent jobs and $400 million in construction spending near the new planned Metro-North Station in Morris Park. Simone Development Companies will develop the project, which will provide up to 1.9 million square feet of mixed-use space on the soon-to-be vacated state-owned property located at 1500 Waters Place.

Senate Democratic Conference Announces “Fair New York” Plan With Major Help For Minimum Wage...

Albany, NY - February 19, 2015 - (RealEstateRama) -- Leading up to budget negotiations, the Senate Democratic Conference today urged the state to act on “Fair New York,” an investment plan for the state’s projected $5.1 billion surplus that focuses on stimulating future economic growth by creating good jobs and making New York State a more affordable place to live and do business.  The plan makes significant one-time investments across New York State in affordable housing, transportation and education infrastructure, environmental protections and improvements and significant tax relief rebates for low-wage individuals and families

FHLBNY Announces Fourth Quarter and Full-Year 2014 Operating Highlights

New York, NY – February 18, 2015 – (RealEstateRama) — The Federal Home Loan Bank of New York (“FHLBNY”) today released its unaudited financial highlights...

NYCEDC Releases Request for Proposals for Affordable Housing And Commercial Use at 168th Street...

WASHINGTON, D.C. - February 13, 2015 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced the release of a Request for Proposals for mixed-use, mixed-income development of a City-owned site on 168th Street in Jamaica, Queens. The 59,500 square foot site, located between on the northeast corner of 93rd Avenue and 168th Street right in the heart of the growing neighborhood, holds strong potential for an ambitious development program to include hundreds of units of housing, ground-floor retail and other commercial uses.

State Senator Jeff Klein and NYC Councilman Ritchie Torres release “Worst Landlord in NYC?”...

New York, NY - February 13, 2015 - (RealEstateRama) -- State Senator Jeff Klein (D-Bronx/Westchester) and New York City Councilman Ritchie Torres (D-Bronx) today released a joint report, “Worst Landlord in NYC?” detailing the deteriorating conditions of some of the New York City Housing Authority’s developments throughout the five boroughs.

Schumer, Gillibrand Announce More Than $4.4 Million In Hud Funding For Long Island

Washington, D.C. - February 13, 2015 - (RealEstateRama) -- U.S. Senators Charles Schumer and Kirsten Gillibrand today announced $4,477,146 in federal funding for housing authorities throughout Nassau and Suffolk counties. The funding was allocated through the U.S. Department of Housing and Urban Development’s (HUD) Capital Fund Program. These funds will be used to modernize and develop affordable housing for low-income, working families in the region

Rep. Maloney calls on HUD Secretary Castro to allow reverse mortgages for co-ops

WASHINGTON - February 12, 2015 - (RealEstateRama) -- Today at a Financial Services Committee Hearing on The Future of Housing in America with Housing and Urban Development (HUD) Secretary Castro, Congresswoman Carolyn B. Maloney (NY-12) asked Secretary Castro to look into allowing co-op owners to obtain reverse mortgages through the Home Equity Conversion Mortgage (HECM) program which is insured by the Federal Housing Administration, a division of HUD.

INDEPENDENT DEMOCRATIC CONFERENCE RELEASES REPORT OUTLINING SOLUTIONS TO ADDRESS FINANCIAL HARDSHIPS OF NEW YORK’S...

ALBANY, NY - February 12, 2015 - (RealEstateRama) -- Today, Independent Democratic Conference Leader Jeff Klein and fellow IDC members released an extensive report outlining the financial obstacles facing New York’s senior population. In order to help make life more affordable for seniors, the IDC unveiled a litany of proposals that include a new senior utility circuit breaker program that will save taxpayers millions, the creation of a utility consumer advocate to fight unscrupulous rate increases, and plans to tackle the affordable housing crisis for seniors by constructing new developments all across the state. As a cornerstone of the IDC’s Invest NY plan, finding solutions to these problems are paramount in order to promote stability and financial security for all New York seniors.

Governor Announces $7.3 Million in New Funding Awards

WASHINGTON, D.C. - February 10, 2015 - (RealEstateRama) --Governor Andrew M. Cuomo today announced th at New York State supported a record 9,363 affordable housing units in 2014. The Governor also announced $7.3 million in funding for the construction and rehabilitation of 19 affordable homeownership developments that represent more than 500 homes across the state. These milestones include units produced by the Governor’s $1 billion House NY commitment, which is on track to finance more than 14,300 affordable housing units by 2018.