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Yearly Archives: 2008

Mayor Bloomberg and Governor Spitzer Announce Selection of Battery Park City Authority to Develop...

New York City, January 22, 2008 - New York City Economic Development Corporation (NYCEDC) has chosen the Hugh L. Carey Battery Park City Authority (BPCA)...

Tax-Exempt Bond Financing for New York City Multifamily Developments

NEW YORK - January 24, 2008 - The New York State Housing Finance Agency (HFA) today issued its revised 2008 allocation criteria for developers...

Governor’s tax proposals may hurt homeownership in the Empire State

Albany – January 22, 2008 – Gov. Eliot Spitzer’s budget proposal sends mixed messages to thousands of New Yorkers who will be seeking to...

Budget Proposes Historic $400 million Housing Opportunity Fund

January 22, 2008 - Governor Spitzer today proposed a $400 million Housing Opportunity Fund to improve the availability of affordable and supportive housing statewide. “To...

Justice Department Settles Housing Discrimination Lawsuit with Albany, New York, Developers

WASHINGTON - JANUARY 18, 2008 - The Justice Department today reached a Fair Housing Act settlement with New York developers Bruce Tanski, the Bruce...

Finance Department’s FY09 Tentative Assessment Roll Shows Property Values Up By 1.44%

Slower Growth Fueled by Modest Increases for Commercial, Coop, Condo and Rental Properties; Slight Decrease in Value of Small Homes City’s Total Market Value for...

Governor Spitzer Unveils $2.3 Million Restore NY Grant To Redevelop Site Of Former Ithaca...

Former Factory to Become Condominium Complex with Public Access to Scenic Overlook Traveling the state in the days following his State of the State...

NYC Industrial Development Agency to Help One Not-for-Profit Organization and One Manufacturing Firm Expand...

New York City - January 8, 2008 - New York City Industrial Development Agency (NYCIDA) approved financing assistance to a Very Special Place, Inc. a not-for-profit...

Governor Spitzer Proposes Historic Investment In Affordable Housing

$400 Million Housing Opportunity Fund Draws Praise from Advocates, Business Community January 13, 2008 - Governor Eliot Spitzer today visited the Rheingold Houses in Bushwick,...

Hampshire Partners Fund VII Acquires Medical/Retail Building in Bronx, N.Y.

Bronx, N.Y. - January 10, 2008 - The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at...

NYC Economic Development Corporation Selects Design Team for Steeplechase Plaza in Coney Island

New York City - January 3, 2008 - New York City Economic Development Corporation (NYCEDC), in cooperation with the Department of Parks and Recreation (Parks), has...

Franklin Credit Management Enters Into Debt Restructuring With Lead Lending Bank

NEW YORK, Jan. 3 /PRNewswire-FirstCall/ -- Franklin Credit Management Corporation (Nasdaq: FCMC), a specialty consumer finance company primarily engaged in the servicing and resolution...

NY Assembly Addresses Foreclosure Crisis

AARP commends the leadership of Assembly Speaker Sheldon Silver for proposing a comprehensive solution to the foreclosure crisis in New York State. Many older...

Senate Majority Unveils Multibillion Dollar Property Tax Relief Plan As Top Priority For 2008

Plan doubles STAR rebates for most homeowners and triples rebates for seniors next year; Includes long-term reforms to relieve property tax burden The New York State Senate...

Attorney General Cuomo Sues Buffalo Heating Contractor For Defrauding Homeowners Out Of Thousands Of...

AG’s suit seeks $20,000 performance bond; Judge signs temporary restraining order barring contractor from taking any new jobs BUFFALO, N.Y. (January 3, 2008) - Attorney...

4th Quarter 2007 Manhattan Residential Market Continues Gains – Increased Sales Volume, Declining Inventory,...

Manhattan Still Strong Despite Weakness in Other U.S. Metro Markets 4th Quarter 2007 Prudential Douglas Elliman Manhattan Market Overview-Prepared by Radar Logic Inc. NEW YORK, Jan....