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Consumers’ Expectations Largely Stable; while Home Price Growth Expectations Continue to Retreat

The Federal Reserve Bank of New York’s Center for Microeconomic Data released the August 2018 Survey of Consumer Expectations, which shows a slight increase in the medium-term inflation expectations.

OGS Announces Upcoming Construction and Consulting Opportunities

RoAnn M. Destito, New York State Office of General Services Commissioner today announced bidding for one construction contracts listed below by county. Firms interested in additional information or to acquire bid documents should visit the OGS website

Stefanik, Kilmer Introduce Broadband for All Act

Representatives Elise Stefanik (R-NY) and Derek Kilmer (D-WA) introduced the Broadband for All Act. The bill creates refundable tax credits for businesses and groups of people who team up to build the infrastructure that connects them to the country’s existing rural broadband service.

YOUR KEY TO NYC: MAYOR DE BLASIO ANNOUNCES LARGEST YEAR FOR AFFORDABLE HOUSING PRODUCTION...

Mayor de Blasio today announced that his administration financed 32,116 affordable homes last year, breaking the all-time record previously set by former Mayor Ed Koch in 1989 of 25,243 units. The City also broke the record for the most new construction with 9,140 affordable homes; almost 60 percent of all homes financed will serve New Yorkers making less than $47,000 for a family of three

REAL ESTATE PROFESSIONALS INVITED TO JOIN JUNE TRADE MISSION TO THE PHILIPPINES

Looking to foster investment opportunities between real estate stakeholders in the Philippines and the U.S., the Filipino American Real Estate Professional Association Silicon Valley chapter is organizing a trade mission to the Philippines on June 16-29. The trade mission will take participants to Manila, the country's capital, to the island of Palawan, which has the best beaches in the world, and to Vigan, a city known for its preserved Spanish colonial and Asian architecture

Press Launch for Making Room: Housing for a Changing America

Focused on the 21st-century housing needs of a changing America, the National Building Museum's Making Room exhibition is poised for the first scheduled transformation of the exhibition's centerpiece-the 1,000-square-foot "Open House" built within the galleries.

New York City Fire Fatalities Rise 35% in 2017

While 2016 was the Big Apple’s safest year in terms of fire fatalities, 2017 experienced a 35% spike, increasing from 48 fire deaths to 73 in the year just concluded. The 2016 low corresponded with a decades-long trend than can be largely attributed to an increase in fire sprinkler system installations, as New York City regulations have consistently expanded requirements for sprinklers.

Maloney Announces Nearly $3 Million in Unused Federal Funding Going to Two Flood Mitigation...

Three years after he stood at Maple Avenue Park to announce that $11.5 million worth of unused Housing and Urban Development (HUD) Community Development Block Grant Disaster Relief (CDBG-DR) funding would remain available to Orange County for flood mitigation in the wake of Hurricane Irene, Representative Sean Patrick Maloney (NY-18) announced two flood mitigation projects totaling $2.8 million.

HPD JOINS AAFE AND ENTERPRISE COMMUNITY PARTNERS TO PRESERVE HISTORIC AFFORDABLE BUILDING IN CHINATOWN

The New York City Department of Housing Preservation and Development, Asian Americans for Equality (AAFE), and Enterprise Community Loan Fund, Inc. (ECLF) today unveiled 81 Madison Street, a 20-unit building in Manhattan’s Chinatown neighborhood that was one of the first buildings to undergo HPD’s Green Housing Preservation Program, which provided financing for improvements to the non-profit-owned building

HPD ANNOUNCES THE AWARD OF $14.5 MILLION IN TAX CREDITS TO CREATE NEARLY 800...

The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced the allocation of $14.5 million in housing credits for nine affordable housing developments in Brooklyn and the Bronx, creating and preserving nearly 800 affordable apartments for New Yorkers throughout both boroughs

HOUSING 2.0: MAYOR DE BLASIO LIFTS AFFORDABLE HOMEOWNERSHIP

Mayor Bill de Blasio detailed two new programs that will help New Yorkers achieve and maintain the American Dream – owning their own home. Open Door aids first-time homeowners buy a condo or coop, and HomeFix helps New Yorkers make capital improvements to their homes. These two programs will reach at least 2,100 households in eight years.

NEW TOOL TO COMBAT HOMELESSNESS: MAYOR DE BLASIO MOVES TO CONVERT CLUSTER BUILDINGS INTO...

Mayor Bill de Blasio today announced that the City will help not-for-profit developers acquire and rehab residential “cluster site” buildings, currently used to house homeless families, and convert them into permanent affordable housing in a historic move to address the homelessness crisis in New York City. If negotiations to buy cluster site buildings are not successful, the City will use eminent domain to acquire them

Former Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son...

U.S. Attorney James P. Kennedy, Jr. announced today that Stephanie W. Cowart, 58, of Grand Island, NY, pleaded guilty to theft concerning programs receiving federal funds before U.S. District Judge Richard J. Arcara. The charge carries a maximum penalty of 10 years in prison and a $250,000 fine. In addition, Cowart’s son and daughter-in-law, Allen, 31, and Fredia, 28, both of Niagara Falls, NY, pleaded guilty to a misdemeanor charge of theft of government funds which carries a maximum penalty of one year in prison and a $100,000 fine

New York Department of State to Hold Public Hearing and Meeting of Real Estate...

The New York Department of State will hold a public meeting followed immediately by a public hearing on December 11 at 2:00 p.m, regarding the profession of real estate salespersons and brokers.  The meeting will take place at the following office locations: 99 Washington Avenue, Albany, 276 Waring Road, Rochester; and, 123 William Street, New York City. 

Roe Announces Federal Grants for Reconstruction from Natural Disasters

Rep. Phil Roe, M.D. (R-TN) announced the U.S. Department of Transportation’s Emergency Relief for Federally Owned Roads program will reimburse the U.S. Forest Service $335,408 and $160,000, respectively, to reconstruct federally-owned roads damaged by heavy rains in December 2015. Roe released the following statement

Partnership for New York City Defends NYCHA at City Council Hearing

Thank you for the opportunity to submit testimony today. We all agree that there can be zero tolerance for exposing children to lead paint poisoning and recognize that this hearing responds to very legitimate concerns about conditions that should not exist in public housing. At the same time, the focus should be on fixing the underlying conditions, not on chastising NYCHA management or the Administration for a bureaucratic error. This is an opportunity for the City Council and all of us to support Shola Olatoye and her team as they struggle against great odds to preserve and renew the nation’s largest inventory of publically-owned affordable housing.

Six Companies Receive New York State Service-Disabled Veteran-Owned Business Certification

The Office of General Services Commissioner today announced that the following six businesses have recently been certified by the Office of General Services’ (OGS) Division of Service-Disabled Veterans’ Business Development (DSDVBD)

Maloney Joins Bipartisan Coalition to Introduce Legislation to Boost Infrastructure Investment

Representative Sean Patrick Maloney (NY-18) joined Reps. Jackie Walorski (R-Ind.), Earl Blumenauer (D-Ore.), and Brian Fitzpatrick (R-Pa) to introduce legislation which will strengthen public-private partnerships and boost investment in America’s infrastructure. The Move America Act will expand private activity bonds and infrastructure tax credits, which will attract billions of dollars in capital and give state and local governments greater flexibility to fund critical infrastructure projects.

Maloney and Local Officials Slam VA Decision to Cut Funding for Hudson Valley Homeless...

Representative Sean Patrick Maloney (NY-18) and local officials condemned a decision by the Department of Veterans Affairs to deny an anticipated annual federal investment of over $500,000 to Hudson River Housing. If no action is taken, funding will run out and the program will be terminated after September 30th

Free Tours Of The New York State Capitol & Education Building To Be Offered...

State Office of General Services Commissioner RoAnn Destito and State Education Commissioner MaryEllen Elia today announced that visitors to Albany will have the opportunity to take free tours of both the State Education Building and the Capitol on every Saturday, beginning on October 7, due to the overwhelming popularity of Saturday tours that were being offered once a month.

CONGRESSMAN HIGGINS CALLS ON HUD TO DEBAR WELLS FARGO FROM FEDERAL HOME LOAN BUSINESS

In the toughest action to date, Congressman Brian Higgins (NY-26), a member of the House Ways and Means Committee, is calling for Wells Fargo to be excluded from participation in the federal mortgage guarantee program following a disturbing, recurring pattern of consumer fraud. Higgins made the request in a letter to the Federal Housing Administration

HPD ANNOUNCES PLANS TO TRANSFORM HISTORIC GREENPOINT HOSPITAL SITE INTO AFFORDABLE HOUSING

The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer announces plans to transform the historic Greenpoint Hospital site into a new affordable housing development. The agency today issued a Request for Expressions of Interest (RFEI) seeking proposals for the design, construction, and management of a high quality, sustainable, mixed-use, mixed-income project on 3.4-acres in the Greenpoint-Williamsburg neighborhood of Brooklyn.

Chairman Crowley Visits Senior Housing Community in the Bronx, Holds Roundtable Discussion with Advocates

On Thursday, August 24, Rep. Joe Crowley (D-Queens, the Bronx), Chairman of the House Democratic Caucus, joined New York Housing Conference, affordable housing advocates, and residents for a walking tour of Scheuer Gardens, a 116-unit senior housing development in the Bronx. Following the tour, Crowley led a roundtable discussion to raise awareness of the importance of federal investments in affordable housing and highlight the need for senior developments like Scheuer Gardens.

Maloney Introduces First Time Homeowner Savings Plan Act to Help Families Invest in First...

Amid a national rental affordability crisis, Representative Sean Patrick Maloney (NY-18) announced his introduction of the bipartisan First Time Homeowner Savings Plan Act. The bill will allow Americans to withdraw up to $25,000 from their IRA for the purchase of their first home without being penalized when they file their taxes. Experts agree that homeownership is one of the best ways for middle class Americans to save for retirement

Reed Announces C-S Canal Hydro to Receive REAP ‘Renewable Energy and Energy Efficiency’ Grant

Congressman Tom Reed announced that C-S Canal Hydro, LLC, in Waterloo, New York, is the recipient of a Rural Energy for America Program (REAP) Renewable Energy and Energy Efficiency grant for $99,500 for the purchase and installation of a trash rake at a Hydroelectric facility.

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Chairman of The Rochester Housing Authority Charged With Lying To The...

U.S. Attorney James P. Kennedy, Jr. announced today that George H. Moses, 50, of Rochester, NY, was charged by criminal complaint with making false statements to Special Agents of the FBI. The charge carries a maximum penalty of five years in prison and a $250,000 fine