Taxes
HDC ANNOUNCES $160,000,000 FOR NATIONS FIRST “RECYCLED” BOND ISSUANCE
November 4, 2008 Posted by NYCHDC
NEW YORK, NY., October 31, 2008 - (RealEstateRama) – The New York City Housing Development Corporation (HDC) today announced it has approved the issuance of its Multi-Family Housing Revenue Bonds in an amount not to exceed $160,000,000. Interest on the 2008 Series I Bonds will be exempt from Federal, state and local income tax.
State DHCR Issues Housing Needs Study for Mid-Hudson Region
October 24, 2008 Posted by New York RealEstateRama
Albany, NY - October 25, 2008 - (RealEstateRama) — The State Division of Housing and Community Renewal (DHCR) has released a report on the housing needs of Dutchess, Orange, Putnam, Sullivan and Ulster Counties. The Mid-Hudson Affordable Housing Needs Study is the fifth in a series of nine regional reports being prepared by DHCR, which […]
SCHUMER ANNOUNCES SENATE PASSAGE OF ESSENTIAL RESEARCH AND DEVELOPMENT TAX BREAK THAT WILL PROVIDE VITAL FUNDING TO UPSTATE NEW YORK BUSINESSES
October 1, 2008 Posted by New York RealEstateRama
Washington, DC - September 24, 2008 - (RealEstateRama) — U.S. Senator Charles E. Schumer today announced that a bill to renew the research and development tax credit for one year passed the full Senate last night. The tax credit, a federal tax break for companies that rely on research and development to stay in business, […]
Star Rebate Check Mailing Starts September 29 No Applications This Year For Most Homeowners
September 16, 2008 Posted by New York RealEstateRama
Albany, NY - September 12, 2008 - (RealEstateRama) — New York State Department of Taxation and Finance Commissioner Robert L. Megna announced today that the Department will begin to mail rebate checks the week of September 29 to New York homeowners who qualify for the 2008 Middle Class STAR Rebate Program.
Governor Paterson announces hearings statewide on property tax relief
September 5, 2008 Posted by New York RealEstateRama
Albany, NY - September 04, 2008 - (RealEstateRama) — Governor David A. Paterson and Nassau County Executive Thomas R. Suozzi today announced a series of public hearings on property taxes that will be convened across New York State. The six hearings will be led by County Executive Suozzi, Chairman of the Commission on Property Tax […]
“Circuit Breaker” Legislation Provides $1.7 Billion In Property Tax Relief
August 30, 2008 Posted by New York RealEstateRama
New York, NY - August 19, 2008 - (RealEstateRama) — Taking strong action to address a flagging state economy and impending budget deficits, Assembly Speaker Sheldon Silver, Assembly Ways and Means Committee Chair Herman D. Farrell and Assembly Committee on Real Property Taxation Chair Sandra Galef announced today that the Assembly passed legislation capping the […]
New York REALTORS urge legislators to return to Albany; pass school tax cap
July 18, 2008 Posted by New York RealEstateRama
Albany, NY - July 17, 2008 - (RealEstateRama) — Today, New York’s 62,000 REALTORS call upon their representatives in the state Legislature to return to Albany for the purpose of providing relief to our state’s beleaguered homeowners who are being crushed by high property taxes. We urge them to approve Gov. David Paterson’s school property tax cap […]
Housing Development Corp. Issues $225,000,000 in Bonds for 2,846 Units of Affordable Housing
June 17, 2008 Posted by NYCHDC
NEW YORK, N.Y., June 11th, 2008 – The New York City Housing Development Corporation (HDC) issued $225,000,000 of tax-exempt and taxable Multi-Family Housing Revenue Bonds to finance the creation or preservation of a total of 2,130 units of affordable housing in the Bronx, Manhattan, Brooklyn and Queens.
Governor Introduces Legislation To Cap Property Taxes
June 13, 2008 Posted by New York RealEstateRama
After receiving the preliminary report of the New York State Commission on Property Tax Relief, Governor David A. Paterson announced today that he is accepting the Commission’s principal recommendation and plans to introduce school property tax cap legislation to address the unsustainable growth in property taxes. The cap would apply to all school districts outside […]
Senator Clinton Hails Approval Of Property Tax Relief by Key Senate Committee
April 4, 2008 Posted by New York RealEstateRama
Joined Senator Bayh in Calling for Help for Homeowners
Washington, DC – April 2, 2008 - Senator Hillary Rodham Clinton (D-NY) today hailed approval of meaningful property tax relief for middle class homeowners by the Senate Finance Committee. The proposal, originally introduced by Senator Evan Bayh (D-IN) and supported by Senator Clinton, was included in a […]