Yearly Archives: 2009

NYCEDC Seeks Developer for Industrial Building in Sunset Park

New York, NY - December 28, 2009 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the disposition and development of a vacant 1.1 million-square-foot warehouse building, known as Federal Building #2, in the vibrant industrial waterfront area of Sunset Park, Brooklyn.

Starrett City Refinancing Completed; Complex Will Remain Affordable for Another 30 Years

Albany, NY - December 28, 2009 - (RealEstateRama) -- State Housing Commissioner Deborah VanAmerongen announced that refinancing has been finalized at the 5,881-unit Starrett City housing complex in Brooklyn, the largest publicly assisted affordable housing complex in the nation.

Rep. Israel Joins with Veterans Leaders to Announce Historic Federal Investment to Help Homeless...

Bay Shore, NY - December 23, 2009 - (RealEstateRama) -- On Wednesday, Rep. Steve Israel (D – Huntington) joined the directors of two homeless veterans organizations on Long Island – Frank Amalfitano, President of the United Veterans Beacon House and Gregory Curran, Northport VAMC’s Homeless Veterans Coordinator – to announce the largest federal investment to date to help homeless veterans.

New York statewide November home sales up 34 percent compared to November 2008

Albany, NY - December 22, 2009 - (RealEstateRama) -- Statewide sales of existing single-family homes in New York State jumped 34 percent in November 2009, compared to November 2008, according to preliminary existing single-family sales data accumulated by the New York State Association of REALTORS.


FARMINGTON HILLS, MI - December 22, 2009 - (RealEstateRama) -- GreenPath Debt Solutions, a nonprofit consumer credit counseling service with seven offices in the greater New York City area, recently released mortgage delinquency data regarding its clients in New York State and New York City

Governor Paterson Announces State Approval of $665 Million Sale in Housing Bonds to the...

New York, NY - December 18, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that New York State has approved the sale of $665.2 million in housing bonds to the federal government that will lower the cost of borrowing for first-time homebuyers and developers of affordable multifamily rental apartments.

Rep. Israel Announces $200,000 in New Federal Funding to Prevent Home Foreclosure in Central...

Central Islip, NY - December 17, 2009 - (RealEstateRama) -- On Thursday, Rep. Steve Israel announced $200,000 in new federal funding for the Central Islip Neighborhood Stabilization Project, a program that prevents foreclosures with aggressive community outreach and rehabilitates vacant homes to sell to first-time home buyers.

Governor Paterson Announces Funding To Continue Long Island Solar Energy Program

Albany, NY - December 17, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that the New York State Energy Research and Development Authority (NYSERDA) will provide a $6 million grant to the Long Island Power Authority (LIPA).

Nearly 5,000 Homeowners Call Comptroller’s Foreclosure Prevention Helpline

New York, NY - December 17, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today announced that his office is closing in on more than 5,000 individuals and families who have called his Foreclosure Prevention Helpline to ask for help and guidance to avoid losing their homes.

Suffolk County Executive Steve Levy Plans Prompt Disbursement of Mortgage Taxes to Towns and...

Hauppauge , NY - December 15, 2009 - (RealEstateRama) -- Suffolk County Executive Steve Levy today will file a resolution via Certificate of Necessity seeking immediate passage of a measure to provide Suffolk’s towns and villages with more than $26 million of mortgage tax revenues.

Appraisal Business Owner Indicted in Mortgage Fraud Scheme

ALBANY, NY - December 14, 2009 - (RealEstateRama) -- Andrew T. Baxter, United States Attorney, Rene Febles, Special Agent in Charge, United States Department of Housing and Urban Development,

Governor Paterson Announces Federal Homebuyer Tax Credit Cash Advances For Eligible SONYMA Borrowers

Albany, NY - December 15, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that New York State will offer cash advances of up to $8,000 on the Federal homebuyer tax credit for borrowers using a State of New York Mortgage Agency (SONYMA) mortgage to purchase a home.

Governor Paterson Signs Comprehensive Foreclosure Legislation into Law

Albany, NY - December 15, 2009 - (RealEstateRama) -- Governor David A. Paterson today signed into law comprehensive foreclosure legislation which provides additional critical protections for New York State homeowners, tenants and neighborhoods in the wake of the ongoing foreclosure crisis.

Attorney General Cuomo Announces Interim Court Order Shutting Down All Activities Of The “United...

NEW YORK, NY - December 15, 2009 - (RealEstateRama) -- Attorney General Andrew M. Cuomo today announced his office has obtained an interim court order shutting down the New York City-based not-for-profit group United Homeless Organization, Inc. (“UHO”).

NYCEDC Receives 29 Responses From Private Sector For Willets Point Redevelopment Project

New York, NY - December 11, 2009 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced that it has received 29 responses to its Request for Qualifications for developers or teams of developers interested in redeveloping the 62-acre Willets Point District.

Manhattan U.S. Attorney Charges President of Mortgage Brokerage Firm in $23 Million Fraud Scheme

New York, NY - December 10, 2009 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation ("FBI"), and RICHARD H. NEIMAN,

Governor Paterson Announces Stimulus Funds Targeted To Cut Energy Costs For Low-Income Residents Of...

Albany, NY - December 8, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced $60.3 million in federal American Recovery and Reinvestment Act (ARRA) funding for weatherization projects that will work to reduce the energy burden on low-income residents in 9,431 multi-family housing units around the State.

DHCR Announces $32 Million in Awards for Affordable Housing Developments

Albany, NY - December 8, 2009 - (RealEstateRama) -- Deborah VanAmerongen, commissioner of the state Division of Housing and Community Renewal (DHCR) today announced $32 million in grants that will help to build or rehabilitate 755 affordable homes for low-income families, frail elderly and people with disabilities.

Schumer Introduces Legislation to Allow More Military Personnel to Qualify for Affordable Housing Program

Washington, DC - December 7, 2009 - (RealEstateRama) -- Today U.S. Senator Charles E. Schumer announced that he is introducing legislation to help provide more affordable housing options for military service members.

Governor Paterson Announces $25 Million In Homeless Housing Capital Grants

Albany, NY - December 5, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that nearly $25 million has been awarded to fund homeless housing projects and related support services throughout the State.

HDC’s Board Approves $850 M in Tax-Exempt Multi-Family Housing Revenue Bonds

NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $850 million in tax-exempt and taxable Multi-Family Housing Revenue Bonds for the construction and permanent financing for affordable housing developments in New York City.

HDC’s Board Approves $43M in Taxable Multi-Family Mortgage Revenue Bonds & Cooperative Housing Mortgage...

NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $43 million in taxable Multi-Family Mortgage Revenue Bonds and Cooperative Housing Mortgage Revenue Bonds for the new construction of Via Verde Apartments and Via Verde Cooperative Apartments, located in the Bronx.

Goldman Sachs announces $61 MM investment in affordable housing

NEW YORK, NY - December 2, 2009 - (RealEstateRama) -- The Goldman Sachs Urban Investment Group announced today an investment of $61 million to support the preservation of more than 500 affordable rental homes for low-income New Yorkers.


New York, NY - December 4, 2009 - (RealEstateRama) -- The Harlem Community Development Corporation (Harlem CDC), in partnership with a range of organizations dedicated to supporting the growth of small business in Upper Manhattan, will host the 4th annual Small Business Conference on Thursday, December 10th, at the Adam Clayton Powell Jr. State Office Building.

HDC’s Board Approves $30 Million in Bonds To Finance the Renovation of East Harlem’s...

NEW YORK, NY - December 3, 2009 - (RealEstateRama) -- The New York City Housing Development Corporation (HDC) Board of Directors voted today to approve $30 million in tax-exempt Multi-Family Rental Housing Revenue Bonds for the rehabilitation of a development comprised of nine multifamily rental buildings, in the East Harlem neighborhood of Manhattan.

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Homeless Activists Disrupt City Budget Hearing to Demand Mayor’s ‘Housing New...

As the City of New York negotiates the housing budget amidst an unprecedented homelessness crisis, homeless activists from the House Our Future NY campaign interrupted a budget hearing held by the City Council’s Housing and Buildings Committee. Led by Nathylin Flowers Adesegun–the homeless 73-year old