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Total Household Debt Increases, Driven by Mortgage, Auto and Credit Card Debt

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).

MORE THAN HALF OF BUILDINGS ON THE 2017 AEP LIST HAVE BEEN DISCHARGED FROM...

New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer announces an update on the progress made to improve conditions at the buildings included on the tenth annual Alternative Enforcement Program (AEP) list.  Since the 2017 AEP list was released in February, 138 buildings have improved conditions and met the criteria for discharge from the program. The AEP list identifies 250 distressed multifamily residential buildings with HPD violations and allows for enhanced enforcement, which includes roof to cellar inspections, fees, and an AEP Order to Correct the underlying conditions of the HPD violations.  These enhanced enforcement tools are used to improve living conditions for each building’s residents

Stefanik Announces Northern Border Regional Commission Infrastructure Development Grants

Congresswoman Elise Stefanik (R-NY-21) announced a series of Northern Border Regional Commission (NBRC) grants totaling $1.75 million for infrastructure projects around New York’s 21st Congressional District.

CITY OFFICIALS JOIN RADSON DEVELOPMENT AND PARTNERS TO CELEBRATE COMPLETION OF CONSTRUCTION OF 54-UNITS...

Representatives from the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) joined Radson Development, Citi Community Capital, and project partners today for a ribbon-cutting ceremony to mark the completion of Strivers Plaza, a new affordable housing development located at 275 West 140th Street in the Central Harlem neighborhood of Manhattan.

CONGRESSMAN ENGEL’S OFFICES ACCEPTING DONATIONS OF SCHOOL SUPPLIES FOR HOMELESS CHILDREN

Congressman Eliot Engel and the Coalition for the Homeless are again teaming-up to help New York City's homeless children get ready for school with "Project: Back to School," a drive to collect school supplies for the thousands of school age children living in the city's homeless shelters.

State Announces Opening of Transitional Housing for Homeless Youth in Yonkers

The New York State Office of Temporary and Disability Assistance today announced the opening of a $3.2 million housing development for homeless youth in Yonkers. The Bruce Avenue Youth (BAY) House, operated by Westhab, Inc., provides four units and 16 beds of transitional housing for young adults, ages 18-24.

Congressman Higgins Announces $10 Million Contract for Amherst Systems

Congressman Brian Higgins (NY-26) announced that Northrop Grumman Amherst Systems has been awarded a $10,367,772 contract with the United States Air Force through the Department of Defense for the production of additional Joint Threat Emitter systems

Congressman Chris Collins Secures $45,000 Grant for the Perry-Warsaw Airport

Congressman Chris Collins (NY-27) announced new federal funding from the Department of Transportation for the Perry-Warsaw Airport. Administered through the Federal Aviation Administration (FAA), this $45,000 grant will fund the construction of a new snow removal equipment building to extend the life of the equipment by protecting it from adverse weather conditions.

Maloney Takes Federal Action to Make DoD Pay for Remediation of Newburgh Water Contamination

Representative Sean Patrick Maloney (NY-18) announced he is taking legislative action to ensure the Department of Defense pays for the remediation of PFOS and PFOA contamination at Stewart Air National Guard Base. Rep. Maloney is introducing an amendment to the Department of Defense Appropriations Act of 2018, which would require $35 million to be used specifically for mitigation actions at National Guard installations where site inspections revealed PFC contamination. Rep. Maloney also supported the inclusion of language in the bill to provide an additional $15 million to Department of Defense for carbon filtration of PFCs at contaminated sites like Stewart.

Rep. Zeldin Announces INFRA Discretionary Grant Program for Local Infrastructure Needs

Congressman Lee Zeldin (R, NY-1) announced today that the Department of Transportation (DOT) will make an additional approximately $1.5 billion available to help rebuild America’s crumbling infrastructure through grant funding. Improving upon the existing FASTLANE program, INFRA allows local governments to apply directly for federal assistance to advance highway improvement measures and other infrastructure projects.

DEC Announces Cleanup of Properties Near Former Geneva Foundry to Start This Summer

The New York State Department of Environmental Conservation (DEC) announced today that the cleanup of properties in neighborhoods near the former Geneva Foundry Site in the city of Geneva, Ontario County, is scheduled to begin in July.

Maloney Announces Bill to Turn “Zombie” Homes into Housing for Homeless Veterans

Representative Sean Patrick Maloney (NY-18) joined local leaders in front of one of the many abandoned properties in the City of Newburgh to announce legislation to help homeless veterans and renovate "zombie" or abandoned properties. The Housing Our Heroes Act would create a pilot program within the Department of Veterans Affairs (VA), which would provide federal investments to Veterans Service Organizations (VSOs) to acquire and update blighted properties to provide housing for homeless veterans

Thirteen Companies Receive Service-Disabled Veteran-Owned Business Certification

The Office of General Services Commissioner today announced that the following thirteen businesses have recently been certified by the Office of General Services’ (OGS) Division of Service-Disabled Veterans’ Business Development (DSDVBD): Anchor Freight Inc., located in Pine Bush, NY, provides general construction, paving, roofing, framing, and masonry.

Maloney Announces Over $1.6 Million Investment to Continue Runway Rehabilitation at Stewart International Airport

Weeks after announcing a $14 million federal investment in Orange County Airport, Representative Sean Patrick Maloney (NY-18), a member of the House Transportation and Infrastructure Committee, announced another federal investment of $1,633,044 to continue the runway rehabilitation project at Stewart International Airport. This investment is part six of an eight phase redevelopment effort to renovate both runways at Stewart

Federal Home Loan Bank of New York Commences 2017 Board of Directors Election...

New York, NY – The Federal Home Loan Bank of New York (FHLBNY) is now soliciting nominations for candidates to serve on its Board of Directors (Board) for terms commencing on January 1, 2018, the FHLBNY announced in a letter sent to its members on June 30, 2017. In total, five Directorships will be up for election in 2017.

HOUSE PASSES NADLER-ENGEL DISASTER ASSISTANCE SUPPORT FOR COMMUNITIES AND HOMEOWNERS ACT OF 2017

The U.S. House of Representatives passed legislation this week co-authored by Congressman Jerrold Nadler (NY-10) and Congressman Eliot Engel (NY-16), designed to bring co-op and condo owners one step closer to receiving critical federal funding for disaster relief. H.R. 1684, the Disaster Assistance Support for Communities and Homeowners Act of 2017, directs the Federal Emergency Management Agency (FEMA) to provide recommendations to Congress within 12 months for how condos and co-ops could become eligible for disaster relief funds.

DFS SUPERINTENDENT VULLO ANNOUNCES JULY 1ST LAUNCH OF EXPANDED PARTICIPATION IN STATE-BASED NMLS PLATFORM,...

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS)’s transition to the Nationwide Multistate Licensing System and Registry (NMLS) for money transmitters is commencing July 1, 2017.  In this transition, DFS will manage the license application and ongoing regulation of all nondepository financial institutions doing business in New York through NMLS, which was created by the State Conference of Bank Supervisors (CSBS) and began operations in January 2008.

Rep. Zeldin Statement in Support of the Property Tax Reduction Act

Last night, Congressman Lee Zeldin (R, NY-1) addressed his colleagues in the House of Representatives in support of H.R. 1871, the Property Tax Reduction Act, which was introduced in the House by fellow New York Representatives, Congressman Chris Collins (R, NY-27) and Congressman John Faso (R, NY-19). The Property Tax Reduction Act would shift to the state level the local share of Medicaid costs currently paid by all New York counties outside of New York City

Maloney Announces Over $14 Million Federal Investment to Complete New Runway Project at Orange...

Representative Sean Patrick Maloney (NY-18), member of the House Transportation and Infrastructure Committee, announced a federal investment of $14,520,795 to construct a new runway and navigational aids at the Orange County Airport. This is the third and final phase of investment in the runway’s construction, which is funded through the U.S. Department of Transportation’s Federal Aviation Administration.

Collins and New York State Leaders Praise Inclusion of NYS Property Tax Reduction Language...

Congressman Chris Collins (NY-27) today hailed the inclusion of his amendment to the House passed American Health Care Act into the Senate version of the bill. The amendment, introduced with Congressman John Faso (NY-19), would require New York State to take over the county portion of Medicaid by 2020 and would provide the largest property tax reduction ever to Western New York.

Assembly Passes Bill to Expand Protections for Tenants In Building Foreclosure Proceedings

Assembly Speaker Carl Heastie, Judiciary Committee Chair Helene Weinstein and Assemblymember Jaime Williams today announced the Assembly's approval of legislation to further protect tenants who enter into rental agreements after building foreclosure actions have begun.

Meng Sends Letter to President Trump Asking He Remove Extremely Unqualified HUD Appointment Lynne...

U.S. Rep. Grace Meng (D-NY) this morning sent the following letter to President Trump requesting that he remove his completely unqualified appointment to oversee federal housing programs in New York and New Jersey, Lynne Patton. The text of the letter is below and a copy of the correspondence can be found

New York Building Congress and the Partnership for New York City Unite Industry Leaders...

The Partnership for New York City and the New York Building Congress have sent a letter signed by over 15 industry leaders asking the New York State Legislature to support design-build authorization for New York City.  They reflect the broad-based support for giving city agencies the procurement and contracting tools they need to save time and money on major capital projects.

DiNapoli: Public Drinking Water Needs More Protection

New York's public water supplies need stronger protections to ensure clean drinking water and prevent contamination that could result in health problems, according to a report released today by State Comptroller Thomas P. DiNapoli.

Higgins Calls for Action in Commodore Perry Neighborhood

Perry Street stretches from HarborCenter in Downtown Buffalo through the Cobblestone District and into South Buffalo’s Old First Ward. Congressman Brian Higgins (NY-26) travels the 1.1 mile route frequently and, troubled by the vacant and deteriorating conditions of publicly owned property in the area, is proposing a plan to help the neighborhood reach its great potential

Popular Government & Nonprofit Press Releases

VETERANS UNITED HOME LOANS TO PAY $604,000 IN RESTITUTION TO NEW...

Financial Services Superintendent Maria T. Vullo today announced that Mortgage Research Center, LLC, doing business as VAMortgage Center and/or Veterans United Home Loans, will pay approximately $604,000 in restitution to New York consumers, primarily veterans, as part of a consent order entered into with the Department of Financial Services (DFS).

Recent Government & Nonprofit Press Releases

Total Household Debt Increases, Driven by Mortgage, Auto and Credit Card...

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).