Mayor Bloomberg, Governor Paterson and U.S. Department of Housing and Urban Development Announce Nation’s...

New York, NY - August 17, 2009 - (RealEstateRama) -- Mayor Michael R. Bloomberg and Governor David A. Paterson today announced that New York City is first City in the nation to begin construction of new affordable housing using funds from the American Recovery and Reinvestment Act’s Tax Credit Assistance Program (TCAP).

HDC Announces Interest in Purchasing a Portion of HUD’s Multi-Family Loan Portfolio

NEW YORK, NY - August 12, 2009 - (RealEstateRama) -- Today, the New York City Housing Development Corporation (“HDC”) approved $70 million in Residential Revenue tax-exempt bonds. The Bonds will be used by Q Student Residences, LLC, for the purpose of refunding the Corporation’s Residential Revenue Bonds (Queens College Residences).

New York State Approves $113.4 Million in Financing to Build and Renovate 1,481 Units...

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved $113.4 million in financing to build and renovate 1,481 units of affordable housing.

NYS Housing Finance Agency and the NYS Affordable Housing Corporation Approve $43.9 Million in...

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved nearly $43.9 million in financing to build and renovate 640 units of affordable housing in New York City.

NYS Housing Finance Agency and NYS Affordable Housing Corporation Approve $54.6 Million to Finance...

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved nearly $54.6 million in financing to build and renovate 531 affordable housing units in the greater Rochester area.

NYS Affordable Housing Corporation Approves $900,000 in Grants to Renovate 132 Homes in Southern...

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved two grants totaling $900,000 to renovate 132 homes in the Southern Tier and nearby counties.

NYS Affordable Housing Corporation Approves $120,000 Grant in Nyack to Build Three Affordable Homes

NEW YORK, NY - August 1, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved a $120,000 grant to the Rural Housing Action Coalition, Inc. (RHAC) to build three homes in the Village of Nyack in Rockland County.

NYS Affordable Housing Corporation Approves $300,000 Grant to Renovate 50 Homes in Onondaga County

NEW YORK, NY - August 1, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved a $300,000 grant to the Onondaga County Community Development Division (OCCD) to renovate 50 homes in the county.

NYS Affordable Housing Corporation Approves $520,000 in Grants to Renovate 50 Homes in Chautauqua...

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved $520,000 in grants to two nonprofit organizations in Chautauqua County to finance renovations of 50 homes.

NYS Affordable Housing Corporation Approves $800,000 in Grants to Repair 40 Affordable Homes in...

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved $800,000 in grants to renovate 40 affordable homes in the Hudson Valley.

NYS Housing Finance Agency and Affordable Housing Corporation Approve $12.65 Million in Financing to...

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved $12.65 million in financing to renovate 141 units of affordable housing in Oneida County.

NYS Affordable Housing Corporation Approves $247,000 Grant to Renovate 22 Homes in Buffalo

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved a $247,250 grant to the University Heights Community Development Association, Inc. (UHCDA) to finance improvements for 22 homes in the City of Buffalo.

Rep. Engel Announces Over $3.27 Million HUD Grants For Rockland County

Washington, D.C. - August 10, 2009 - (RealEstateRama) -- Congressman Eliot Engel announced that Rockland County was awarded three housing grants totaling $3,273,306 from the U.S. Department of Housing and Urban Development (HUD).

Encouraging Local Investment in Affordable Housing

Albany, NY - August 7, 2009 - (RealEstateRama) -- The new Birchez at Esopus affordable housing development for seniors was the site of a recent forum aimed at encouraging local investment in affordable housing through the new Upstate Equity Fund. Bankers, developers, and local officials, including Congressman Maurice Hinchey and Ulster Town Supervisor Nicky Woerner, gathered to learn about the benefits of the Low Income Housing Tax Credit (LIHC) Program and the need for local investment in affordable housing.

Thompson Audit Questions Affordable Housing Program

New York, NY - August 6, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today issued an audit finding that the city’s Department of Housing Preservation and Development (HPD)’s Cornerstone Program, which is supposed to provide affordable housing to qualified New Yorkers, has provided a relatively small percentage of the completed housing units to low-income families.

HDC, HPD & Jackson Development Celebrate a Milestone: The First Development in the Nation...

NEW YORK, NY - August 4, 2009 - (RealEstateRama) -- Deputy Mayor Robert Lieber, joined by New York City Housing Development Corporation (HDC) President Marc Jahr, New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and Neil Weissman of the Jackson Development Group celebrated the groundbreaking of St. Ann’s Terrace, a 600 unit mixed-income development in the Melrose section of the Bronx and the first in the nation to use recycled bonds.

Thompson Finds Horrid Conditions At Shelters For Homeless Families

New York, NY - August 1, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today expressed his outrage over unsafe conditions at seven buildings that house homeless families - Aladdin Hotel in Manhattan and six Pilgrim Icahn cluster site buildings in the Bronx.

Schumer Secures Key Senate Subcommittee Approval For $1 Million For “Home For Heroes” Veteran...

Washington, DC - July 30, 2009 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer announced that the Department of Transportation and Housing, and Urban Development (THUD) Appropriations Subcommittee has approved $1 million to the Rockland Housing Action Coalition for the purpose of building and operating permanent, supportive housing for disabled veterans and their families at Camp Shanks.

Governor Paterson Signs Legislation To Extend Affordable Housing Program In Brooklyn

Albany, NY - July 29, 2009 - (RealEstateRama) -- Governor David A. Paterson signed into law legislation that will extend affordable housing for another 30 years to the tenants of the 5,881-unit Starrett City housing complex in Brooklyn – the nation’s largest publicly assisted affordable housing complex.

Governor Paterson Announces $30 Million In Stimulus Funding For Affordable Housing Developments Across The...

Albany, NY - July 28, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced the award of $30 million in affordable housing grants through the American Recovery and Reinvestment Act (ARRA).

HUD charges Long Island Housing Complex with discriminating against persons needing service animals

WASHINGTON, DC - July 27, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that it has charged Sunrise Villas, LLC, with housing discrimination for allegedly refusing to allow residents at its Long Island, NY, age 55-and-over housing complex to have service animals that assist persons with disabilities.

HPD, HDC and Artimus Construction Unveil 125-Unit Mixed Income Housing Development in the Central...

Manhattan, NY - July 22, 2009 - (RealEstateRama) -- New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael Cestero together with New York City Housing Development Corporation (HDC) President Marc Jahr, Artimus Construction Principal Robert Ezrapour and Citi National Director, North America Community Relations, Gina Doynow today announced the completion of Susan’s Court, a 125-unit mixed-income housing development in Central Harlem.

Former Holy Family Elementary School To Be Transformed Into Affordable Senior Apartments

BUFFALO, NY - July 20, 2009 - (RealEstateRama) -- Congressman Brian Higgins, Mayor Byron W. Brown, Assemblyman Mark Schroeder and County Legislator Tim Kennedy, gathered together with Father Jim Cunningham, administrator of the Church of the Holy Family, to announce the procurement of $9 million for the development of the former Holy Family Elementary School into a 35-unit senior apartment complex in South Buffalo.

Rep. Engel Announces Over $2.6 Million HUD Grants For Mt. Vernon

Washington, D.C. - July 20, 2009 - (RealEstateRama) -- Congressman Eliot Engel announced that the city of Mt. Vernon was awarded two grants totaling $2,613,756 from the U.S. Housing and Urban Development (HUD).

Rep. Engel Announces Over $8 Million HUD Grants For Westchester County

Washington, D.C.- July 20, 2009 - (RealEstateRama) -- Congressman Eliot Engel announced that Westchester County was awarded three grants totaling $8,117,872 from the U.S. Housing and Urban Development (HUD).