RealEstateRama Authors Posts by Governor Andrew Cuomo
Long Island County Executives Endorse Governor Cuomo’s Proposal to Empower Voters to Reduce Property...
Long Island County Executives today endorsed Governor Cuomo's plan to reduce property taxes by empowering voters to approve locally-designed plans that deliver shared, coordinated services and lower the cost of local government. The Governor’s groundbreaking proposal would require county executives to convene local government to meetings to develop shared service plans that reduce duplicative spending and find real, recurring property tax savings.
Governor Andrew M. Cuomo today announced that $14.4 million has been awarded to three housing projects in the Bronx. In addition to federal funding, these awards will help create 319 units, including 142 supportive housing units for homeless families and individuals, including senior citizens, women and their children.
Governor Cuomo Announces Proposal for $15 Million Rebate Program for Renewable Heating and Cooling...
Governor Andrew M. Cuomo today announced a $15 million proposal to accelerate the use of renewable heating and cooling technologies in New York to stimulate the clean energy economy. The new policy framework released by the New York State Energy Research and Development Authority includes a proposed two-year, $15-million program to provide rebates for the installation of ground-source heat pumps. This plan will support the state’s goal to reduce greenhouse gas emissions in New York 40 percent by 2030 from 1990 levels.
Governor Andrew M. Cuomo today announced a more than $3 million expansion of Confer Plastics, a molded plastics product company located in North Tonawanda, Niagara County. The investment allows the firm to create 35 new jobs and significantly expand production in Western New York
Governor Cuomo Announces $4.4 Million to Construct, Rehabilitate and Repair 170 Owner-Occupied Homes Across...
Governor Andrew M. Cuomo today announced nearly $4.4 million in funds to construct, rehabilitate and improve the homes of 170 income-eligible families across New York. The funds are awarded through New York State Homes and Community Renewal's Affordable Home Ownership Development Program, administered by the Affordable Housing Corporation. More than 8,800 homes under this administration have been created or made safer and more affordable with approximately $170 million in Affordable Housing Corporation awards
Governor Andrew M. Cuomo today announced that the New York Power Authority Board of Trustees has approved allocations of low-cost hydropower to manufacturers in Niagara County and St. Lawrence County. Together, the power allocations will support $5.2 million in capital investments and create 41 jobs
Governor Cuomo Announces $4.2 Million to Fund Energy Efficiency Training for Building Workers Across...
Governor Andrew M. Cuomo today announced $4.2 million is available to support programs providing training to building operations and maintenance workers on best practices to reduce energy use and energy bills in buildings across the state. The funding will advance the state’s goal to transition to 50 percent renewables by 2030 and reduce energy use in buildings by 23 percent over 1990 levels.
Governor Andrew M. Cuomo today unveiled a new Graduate to Homeownership Program to provide recent college graduates with homebuyer assistance to remain Upstate, especially in downtown areas. Despite being home to some of the nation’s top colleges, many Upstate communities struggle to retain recent graduates. This $5 million pilot program will incentivize homeownership with subsidized low interest loans, down payment assistance and homebuyer education courses to encourage young people to stay and continue revitalizing Upstate New York’s downtown areas
Governor Cuomo Announces Groundbreaking of $17 Million Mixed-Use Housing Development in New York City
Governor Andrew M. Cuomo today announced the groundbreaking of a $17 million housing development in Jamaica, Queens. The mixed-use housing development will feature 44 units and provide tenants with behavioral health concerns a number of supportive mental health services to promote independence and self-sufficiency. The development is expected to be completed by late 2018 and will be operated by Transitional Services for New York, Inc
Governor Andrew M. Cuomo today unveiled a comprehensive plan to better protect senior citizens throughout New York from financial exploitation and foreclosure. The plan includes establishing an Elder Abuse Certification Program for banks located in New York State, amending the banking law to empower banks to place holds on potentially fraudulent transactions, and strengthening legislation that will protect senior homeowners with reverse mortgages.<
Governor Cuomo Announces $8 Million to Construct, Rehabilitate and Repair 295 Owner-Occupied Homes Throughout...
Governor Andrew M. Cuomo today announced nearly $8 million in funds to construct, rehabilitate and improve the homes of 295 income-eligible families across New York. The funds are awarded through New York State Homes and Community Renewal's Affordable Home Ownership Development Program, administered by the Affordable Housing Corporation. More than 8,700 homes under this administration have been created or made safer and more affordable with $168 million in Affordable Housing Corporation awards.
Governor Andrew M. Cuomo today announced that the New York State Board for Historic Preservation recommended adding 26 properties, resources and districts to the State and National Registers of Historic Places. The nominations reflect the remarkable breadth of New York’s history, ranging from the famous site of the Woodstock Music Festival, to a massive hydroelectric plant in Niagara, to a Romanesque Revival church in Syracuse
Governor Cuomo Announces $3.6 Million Available to Help Low-to-Moderate Income Residents Access Clean, Affordable...
Governor Andrew M. Cuomo today announced $3.6 million in funding is available to increase access to solar energy in low- to moderate-income communities across the state. The funding will help affordable housing providers and community organizations overcome barriers they often face in advancing solar and clean energy projects. Solar energy helps New York meet its nation-leading Clean Energy Standard for 50 percent of electricity to come from renewable sources by 2030.
Governor Cuomo and Acting District Attorney Gonzalez Announce Guilty Plea by Landlords Who Defrauded...
Governor Andrew M. Cuomo and Acting Brooklyn District Attorney Eric Gonzalez today announced that two Brooklyn landlords have pleaded guilty to scheme to defraud and unlawful eviction for forcing or attempting to force rent-stabilized tenants out of their homes by destroying their apartments and making them uninhabitable in order to collect significantly higher market-rate rents.
Governor Andrew M. Cuomo today announced that New York State has secured international certification of nearly $100 million in new "Green Bonds" to drive the development of housing that has a positive impact on the environment and climate. New York is now the first state in the nation to have its affordable housing bonds certified by The Climate Bond Standards Board, on behalf of the Climate Bonds Initiative, an international not-for-profit organization supporting financing for projects around the world that help reduce the impact of climate change
Governor Andrew M. Cuomo today announced that the state has allocated $771 million in tax exempt bond capacity to New York City – a critical resource used for the construction and preservation of affordable housing. This year’s financing is virtually the highest allocated to New York City in 10 years, $80 million more than last year, and nearly $150 million above the average of the last 10 years
Governor Cuomo Announces Grand Opening of $24.4 Million Mixed-Use Housing Development in West Seneca
Governor Andrew M. Cuomo today announced the grand opening of the $24.4 million Ebenezer Square apartments in West Seneca, Erie County. The mixed-use development replaces a long vacant and blighted big box store and offers 25 affordable apartments integrated with a 75-unit licensed residential program serving individuals with behavioral health concerns
GOVERNOR CUOMO ANNOUNCES $28 MILLION FINE LEVIED AGAINST PHH MORTGAGE CORPORATION FOR SHODDY MORTGAGE...
Governor Andrew M. Cuomo today announced that PHH Mortgage Corporation and its affiliate, PHH Home Loans LLC, will pay a $28 million fine and engage a third-party auditor as part of a consent order for violations of federal and New York laws designed to protect homeowners.
Governor Cuomo And Attorney General Schneiderman Announce Lawsuit Against Property Management Company for Harassing...
Governor Andrew M. Cuomo and Attorney General Eric T. Schneiderman today announced a lawsuit against Marolda Properties, Inc., a Manhattan property management company that manages rent-regulated apartment buildings and the landlords who own the buildings. The lawsuit is the result of a joint investigation between the Attorney General’s Office and Governor Cuomo’s Tenant Protection Unit.
Governor Cuomo Announces Grand Opening of $24.8 Million Affordable Housing Development in Ronkonkoma
Governor Andrew Cuomo today announced the grand opening of the $24.8 million Liberty Landing apartments in Ronkonkoma, Suffolk County. The 59-unit supportive housing project, operated by Concern for Independent Living, offers residential based support services to formerly homeless veterans, in addition to affordable housing for low income Long Island families.
Governor Andrew M. Cuomo today announced nearly $21.6 million has been awarded for eight supportive housing projects that will create a total of 265 units for homeless New Yorkers. The awards, made through the New York State's Homeless Housing and Assistance Program, will fund supportive housing projects in Suffolk and Oneida counties for homeless veterans and their families, as well as ones in New York City, Erie, Nassau and Oneida Counties for homeless individuals and families. All eight projects are part of Governor Cuomo's historic $10 billion commitment to building affordable housing and combating homelessness.
SCHUMER’S INTERVENTION UNLOCKS NEARLY $17 MILLION IN FUNDING TO SPUR ECONOMIC DEVELOPMENT PROJECTS ACROSS...
U.S. Senator Charles E. Schumer today announced that, following his push, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Commerce’s Economic Development Administration (EDA) have agreed to a plan that would unlock significant funding – currently frozen due to a more than 10-year tug-of-war between the two agencies
Governor Andrew M. Cuomo today announced the launch of a clean energy competition that will award up to $5 million for the most forward-thinking, energy efficiency projects in Rochester, Syracuse, Albany, Buffalo and Yonkers. The competition represents the latest phase of the Five Cities Energy Plans initiative, launched in 2015, to help the cities reduce overall energy costs and carbon emissions, advance energy sustainability, and support the creation of clean-energy technologies and jobs
Governor Cuomo Announces $250,000 in Rent Overcharges Returned to Rent Regulated Tenants in Brooklyn...
Tenant Protection Unit’s Audit of a Building Receiving 421-a Tax Benefits Uncovered Largest Total Overcharge in a Single Property. TPU Initiatives Returned Over 52,000 Apartments to Rent Regulation; Restored More Than $2.8 Million in Rent Overcharges
Governor Andrew M. Cuomo today announced the start of construction on a $5 million supportive housing development for chronically homeless individuals living with HIV/AIDS in Albany. The new, 26,000-square-foot Albany Damien Center will have 20 permanent supportive housing apartments, in addition to serving as a home for the agency’s programs