Washington, D.C. - July 20, 2009 - (RealEstateRama) -- Congressman Eliot Engel announced the city of Yonkers was awarded a $1,001,857 grant as part of the American Recovery and Reinvestment Act (ARRA). The grant comes from the U.S. Housing and Urban Development (HUD), through its Community Development Block Grant Program (CDBG).

Albany, NY - July 17, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that the U.S. Department of Health and Human Services has approved New York’s plan for the distribution of federal stimulus funding through the Community Services Block Grant (CSBG) program as provided in the American Recovery and Reinvestment Act (ARRA).

WASHINGTON, DC - July 16, 2009 - (RealEstateRama) -- Today, U.S. Senators Charles E. Schumer and Kirsten Gillibrand announced that the U.S. Department of Housing and Urban Development (HUD) has awarded $6,867,269 in Recovery Act funding to Western New York to stimulate community development and job growth.

WASHINGTON, DC - July 16, 2009 - (RealEstateRama) -- Today, U.S. Senators Charles E. Schumer and Kirsten Gillibrand announced that the U.S. Department of Housing and Urban Development (HUD) has awarded $3,482,964 in Recovery Act funding to the Rochester area to stimulate community development and job growth.

WASHINGTON, DC - July 16, 2009 - (RealEstateRama) -- Today, U.S. Senators Charles E. Schumer and Kirsten Gillibrand announced that the U.S. Department of Housing and Urban Development (HUD) has awarded $1,387,981 in Recovery Act funding to Central New York to stimulate community development and job growth.

WASHINGTON, DC - July 16, 2009 - (RealEstateRama) -- Today, U.S. Senators Charles E. Schumer and Kirsten Gillibrand announced that the U.S. Department of Housing and Urban Development (HUD) has awarded $2,589,487 in Recovery Act funding to the Capital Region to stimulate community development and job growth.

Albany, NY - July 15, 2009 - (RealEstateRama) -- "At a time when many New Yorkers are affected by the economic downturn, we must ensure that our most vulnerable are protected and provided with the resources they need. This critical funding will provide affordable housing to thousands of New Yorkers statewide," said Governor Paterson.

Washington, DC - July 13, 2009 - (RealEstateRama) -- Congressman Brian Higgins (NY-27) and Town of Cheektowaga Supervisor Mary Holtz announced that Cheektowaga will receive $1,045,720 in federal funding through the U.S. Department of Housing and Urban Development Community Development Block Grant (CDBG) program.

Albany, NY - July 13, 2009 - (RealEstateRama) – DHCR helped break ground recently on 330 Riverdale Avenue in Yonkers. The 11-story building will provide 153 apartments for low-income residents and is expected to be ready for occupancy in early 2011.

New York, NY - July 8, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg and City Council Speaker Christine C. Quinn today announced a $20 million pilot program to turn unsold condominiums, unrented apartments and stalled construction sites into affordable housing opportunities for moderate- and middle-income families.

Albany, NY - July 2, 2009 - (RealEstateRama) – Governor David A. Paterson and Senator Andrea Stewart-Cousins today announced the awarding of funds for critical affordable housing initiatives in Westchester County, including those for senior citizens and disabled New Yorkers.

New York, NY - June 30, 2009 - (RealEstateRama) -- The Board of the New York City Industrial Development Agency (NYCIDA) has approved a sales and real estate tax incentive package that will help Boundary Fence & Railing Systems Inc. to expand its operations in Richmond Hills, Queens.

UNIONDALE, NY - June 29, 2009 - (RealEstateRama) - Joined by Nassau County Executive Tom Suozzi, Hempstead Supervisor Kate Murray, and Islanders owner Charles Wang, U.S. Senator Charles E. Schumer today announced his support for the Lighthouse redevelopment project and said that he will push to secure federal transportation funding to upgrade and expand the transportation infrastructure essential for the project's success.

New York, NY - June 25, 2009 - (RealEstateRama) - Deputy Mayor for Economic Development Robert C. Lieber and New York Economic Development Corporation President Seth W. Pinsky (NYCEDC) today announced the grand opening of the first phase of the Mount Hope Community Center located at 55 Townsend Avenue in the Bronx.

NEW YORK, NY - June 25, 2009 - (RealEstateRama) – Today the New York City Housing Development Corporation (HDC) and West Harlem Group Assistance, Inc. (WHGA), a 39-year-old Community Development Corporation celebrated the completed renovation and reopening of the Mannie L. Wilson Towers Senior Residence, located at 565 Manhattan in Avenue.

New York, NY - June 24, 2009 - (RealEstateRama) - Commissioner Deborah VanAmerongen of the NYS Division of Housing and Community Renewal (DHCR), Priscilla Almodovar, President and Chief Executive Officer of NYS Housing Finance Agency (HFA), Michael Newman, Director, Bureau of Housing Development, OMH, Gloribel M. Cruz, Vice President, Affordable Housing Finance, HSBC Bank USA, N.A., Bill Traylor, President, Richman Housing Resources, LLC and Diane Louard-Michel, Director, NY Program, Corporation for Supportive Housing (CSH), joined Community Access and its partner, Alembic Development Company to break ground on a $37 million project that will create 105 units of affordable housing on Cedar Avenue, in the Morris Heights section of the Bronx.

New York, NY - June 22, 2009 - (RealEstateRama) - New York City Economic Development Corporation (NYCEDC) has issued a Request for Proposals (RFP) seeking development for an approximately 100,000-square-foot site in the Castle Hill section of the Bronx. NYCEDC is looking for a developer to acquire and redevelop the site for industrial uses.

Albany, NY - June 22, 2009 - (RealEstateRama) - Commissioner VanAmerongen was on hand recently to celebrate the groundbreaking of Canal Village Apartments in the City of Rome. The development of eleven buildings with 33 affordable housing units is the first step of a major revitalization effort of the South Rome neighborhood.

Albany, NY - June 17, 2009 - (RealEstateRama) - State Office of Temporary and Disability Assistance (OTDA) Commissioner David A. Hansell recently announced $80 million in funding for housing programming for residents of New York State at the Supportive Housing Network of NY’s 9th Annual New York State Supporting Housing Conference in New York City.

WASHINGTON, DC - June 16, 2009 - (RealEstateRama) – Rep. Carolyn B. Maloney (D-NY) hailed House passage of H.R.1647, which provides the nonprofit subsidiary of the National Cooperative Bank, NCB Capital Impact, with the designation as a Community Development Financial Institution.

Yonkers, NY - June 15, 2009 - (RealEstateRama) – Continuing in his mission to expand the amount of quality, affordable housing for hardworking Yonkers residents, Mayor Philip A. Amicone, chairman of the Yonkers Industrial Development Agency (IDA), joined the CEO of L+M Development Partners Inc., Ron Moelis, in a ceremony marking the start of construction on the $54.5 million 330 Riverdale Avenue affordable housing complex located in the heart of the city's Ludlow neighborhood.

NEW YORK, NY - June 9, 2009 - (RealEstateRama) – The New York City Housing Development Corporation (HDC) approved $378 million in Multi-Family Revenue...

New York, NY - June 10, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg today announced the creation of the Recovery Zone Facility Bond Program to provide financial assistance to commercial and industrial projects in all five boroughs that are unable to get traditional financing due to current economic conditions.

NEW YORK, NY- June 10, 2009 - (RealEstateRama) – The New York City Housing Development Corporation (HDC), the New York City Department of Housing Preservation and Development (HPD) and Bronx Pro Real Estate Management completed financing for 850 Jennings Street, an eight-story affordable rental apartment building to be constructed in the Crotona Park East section of the Bronx.

NEW YORK, NY - June 9, 2009 - (RealEstateRama) – The Board of Directors of the New York City Housing Development Corporation (HDC) approved $55.5 in tax-exempt Multi-family Housing Revenue Bonds for two affordable housing projects; one new construction in Manhattan and the other a large-scale refinancing and renovation project in Queens.