Home Authors Posts by RealEstateRama
DFS ENCOURAGES INSURANCE COMPANIES TO OFFER DISASTER PREPAREDNESS COURSES TO CONSUMERS SEEKING HOMEOWNERS AND...
Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) is encouraging property/casualty insurance companies to submit disaster preparedness courses for approval by DFS so that homeowners and renters who enroll in such courses may seek appropriate DFS-approved policy discounts from their insurance providers.
Rep. Tom Reed is supportive of making changes at the federal level that would lessen the property tax burden across upstate New York. “For too long Albany has pushed its responsibility to fund Medicaid onto local county governments. This shift is responsible for the unreasonably high property taxes in our state. It is time to fix this problem so that younger people stop fleeing our state and the elderly are not unfairly burdened with these taxes,” Reed stated.
Assembly Speaker Carl Heastie and Housing Committee Chair Steven Cymbrowitz today announced that the Assembly's budget proposal for SFY 2017-18 provides a plan for the investment of $2.5 billion in funding that was dedicated for supportive and affordable housing development in last year's enacted budget. The plan also includes a new rental assistance program for low income seniors funded by a 2.5 percent tax on multi-million dollar real estate transactions. It also expands and increases funding for the Tenant Protection Unit and increases funding for foreclosure prevention services.
Last Major Auction Planned by the Governor’s Office of Storm Recovery Acquisition Program Offers 54 Homes in New York City, 25 on Long Island and 3 Upstate Auction to take place Thursday, May 11 at Hilton New York JFK Airport
Earlier today, David Gotterup was sentenced at the federal courthouse in Brooklyn, New York, to 15 years in prison for leading a loan modification scheme that defrauded distressed homeowners.
A.G. Schneiderman Announces Indictment Of Queens Woman Charged With Stealing The Identities Of Three...
Attorney General Eric T. Schneiderman today announced the indictment and arraignment of Channel Francis, 40, of Rosedale, on charges related to her fraudulent use of credit cards in the names of three elderly residents of the Parker Jewish Institute for Health Care and Rehabilitation in Queens
The New York City Department of Housing Preservation and Development (HPD) and the Department of Health and Mental Hygiene (DOHMH) remind building owners of free federal grants available to correct health hazards in buildings constructed before 1960. The Primary Prevention Program offers grants averaging $10,000 per apartment to support lead paint hazard repair work. Peeling lead paint is the most common cause of lead poisoning in young children.
The New York Power Authority announced today that the opportunity for school districts in New York State to “go solar” will be expedited with the selection of two additional solar power vendors. Schools can reduce their energy costs by participating in Governor Andrew M. Cuomo’s K-Solar initiative, a first-of-its kind program launched in January 2014, to combat climate change by promoting renewable energy use.
HPD COMMISSIONER TORRES-SPRINGER AND HDC PRESIDENT ENDERLIN ANNOUNCE HOUSING LOTTERY FOR 120 AFFORDABLE APARTMENTS...
The New York City Department of Housing Preservation and Development Commissioner Maria Torres-Springer and New York City Housing Development Corporation President Eric Enderlin announced the opening of the Housing Connect lottery for 120 affordable apartments at Compass Residences 2A, located at 1524 Boone Avenue in the Crotona Park East neighborhood of the Bronx.
On Wednesday, February 15, 2017, Congressman Lee Zeldin (R, NY-1) met with leadership from the Long Island State Veterans’ Home in his Washington D.C. office to discuss veterans’ legislation. Located in Stony Brook, the Long Island State Veterans’ Home provides high quality care and support services for veterans, including rehabilitation and adult day healthcare
RoAnn M. Destito, New York State Office of General Services Commissioner today announced that new construction bids have been awarded in the below counties. The awards are described in the listing below. The contracts are expected to be awarded to the apparent low bidders following review and approval by the State Comptroller's Office
RoAnn M. Destito, New York State Office of General Services Commissioner today announced bidding for four construction contracts listed below by county.
The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit, which reported that total household debt increased substantially by $226 billion (a 1.8% increase) to $12.58 trillion during the fourth quarter of 2016. This marked the largest quarterly increase in total household debt since the fourth quarter of 2013, and debt today is now just 0.8% below its peak of $12.68 trillion reached in the third quarter of 2008. Every type of debt increased since the previous quarter, with a 1.6% increase in mortgage debt, 1.9% increase in auto loan balances, a 4.3% increase in credit card balances, and a 2.4% percent increase in student loan balances.
Senators Jeff Klein (D-Bronx/Westchester), Tony Avella (D-Queens), Jesse Hamilton (D-Brooklyn), Marisol Alcantara (D-Manhattan), Diane Savino (D-SI/Brooklyn), and Assembly Members Helene Weinstein (D-Brooklyn), Kenneth Zebrowski (D-New City), Steven Cymbrowitz (D-Brooklyn), Ellen Jaffee (D-Suffern), David Buchwald (D-Mount Kisco) and Jo Anne Simon (D-Brooklyn) joined Foreclosure Prevention Network organizations to release a report detailing the lingering issue of foreclosures in New York State as they called for a critically needed $30 million for foreclosure prevention legal services
Attorney General Eric T. Schneiderman announced today the convictions of Alexander March on two indictments for his role in a residential mortgage fraud scheme and a conspiracy to tamper with witnesses who had testified against him. Today, in Onondaga County Court, before the Honorable Thomas J. Miller, Alexander March pleaded guilty to 16 felonies and 17 misdemeanors to satisfy both indictments and was ordered to pay $127,123.49 in restitution.
NY State Homes and Community Renewal, Selfhelp Community Services And Partners Dedicate Van Cortlandt...
New York State Homes and Community Renewal joined Selfhelp Community Services, Broadway Mosholu LLC, Enterprise Community Partners, local leaders and project partners to celebrate the ribbon-cutting of the $26.4 million Van Cortlandt Green, an affordable housing development for low and middle-income seniors in the Riverdale community of the Bronx.
New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been announces the start of the 2017 New York City Housing and Vacancy Survey (HVS). The survey is conducted by the U.S. Census Bureau at the request of the City of New York about every three years. The survey is required by State and City rent-regulation laws to determine New York City’s overall vacancy rate for rental housing.
The New York Power Authority’s Board of Trustees and the Canal Corporation’s Board of Directors will hold a joint meeting, via video conference, on Tuesday, January 31, at NYPA’s White Plains administrative office building,123 Main Street, in the 16th floor board room. The meeting will start at approximately 10 a.m., immediately following NYPA’s Board of Trustees and NYS Canal Corporation Board of Directors’ joint meeting at approximately 8:45 a.m.
Maloney Pressing Trump Administration and Congress to Make 2nd Avenue Subway Extensions an Infrastructure...
Congresswoman Carolyn B. Maloney announced that the Trump Administration plans to include Phases 2 and 3 of the Second Avenue Subway in its list of infrastructure building priorities. An unconfirmed leaked copy of the list estimates that $14.2 billion could be allocated for the project. Maloney spoke directly with the Trump team earlier this week, and was repeatedly assured by individuals who worked on creating the list that Phase 2 and Phase 3 are part of the plan. When completed, Phase 2 will run from 96th Street and 2nd Avenue up to 125th Street, and Phase 3 will go from 62nd Street down to Houston Street. Congresswoman Maloney, a long time champion of the Second Avenue Subway, has been pressing Congress and the Trump Administration to include the next phases of the Second Avenue Subway in any infrastructure priority lists being developed
House Democratic Caucus Chairman Joe Crowley (D-NY) released the following statement today after President Trump signed a new executive order. “It’s unconscionable that President Trump would close the door to the desperate children, families, and elderly who have been forced to flee their homes and countries because of unspeakable acts of violence and war.
“We, as a city, are defined by how we treat our kids. We aren’t living in a fair city when my kids come home to a safe household every night while thousands of others, in the greatest city on the planet, are living in some of the most deplorable, dangerous conditions imaginable.
The Northern New York Power Proceeds Allocation Board met for the first time today as it seeks to boost the St. Lawrence County economy by providing funding to businesses and other enterprises using money from New York Power Authority electricity sales
Despite his self-professed expertise on the topic and grandiose pronouncements as the homelessness crisis in New York reached record levels, Gov. Andrew Cuomo has racked up a series of staggering homeless policy failures in recent years
HORRORS IN HOMELESS HOUSING: NEW YORK’S UNCLEAN, UNSAFE, DANGEROUS TEMPORARY SHELTER SYSTEM AND HOW...
Senators Jeff Klein (D-Bronx/Westchester), Diane Savino (D-SI/Brooklyn), Avella (D-Queens), Alcantara (D-Manhattan), Hamilton (D-Brooklyn) and Jose Peralta (D-Queens), joined by advocates, released an investigative report detailing deplorable conditions at New York City hotels and cluster sites used for the homeless and called for a five-point legislative solution to the homelessness crisis.
A.G. Schneiderman Sues Company For Allegedly Scamming Thousands Of Homeowners Seeking Property Tax Relief...
Attorney General Eric T. Schneiderman today announced a lawsuit against STAR Exemption Advisor, YCA Corp. and its business owner Arie Gal, for allegedly scamming thousands of new homeowners out of at least $1.5 million by charging them excessive fees to enroll them in the Basic STAR Exemption Program, which is otherwise free. The lawsuit, filed in Nassau County Supreme Court, seeks to provide full restitution to all those affected, and a complete accounting to identify all consumers who are entitled to such refunds. The lawsuit also seeks additional costs, damages, and to permanently enjoin the respondents from marketing any Basic Star rebate or property tax reduction services within the State of New York