Housing & Development

Housing & Development

Mayor Bloomberg Announces Federal Stimulus Funding for Community Development Projects in All Five Boroughs

New York, NY - May 3, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg today announced community development projects and programs that will benefit from more than $48 million of federal stimulus funding received under the American Recovery and Reinvestment Act (ARRA), signed by President Obama in February.

CPower Secures More Than $10 Million in Series B Round of Financing

New York, NY - April 28, 2009 - (RealEstateRama) — CPower (www.cpowered.com), a leading energy management firm, today announced the closing of its Series B round of financing. This $10.68 million investment was led by a new investor in the company, Mayfield Fund, as well as returning investors, including Bessemer Venture Partners, Expansion Capital Partners, Schneider Electric Ventures, New York City Investment Fund and Consensus Business Group.

$423 Million in New Federal Funding Will Support 70 Shovel-Ready Projects throughout NYCHA Developments...

New York, NY - April 26, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg, Housing and Urban Development Secretary Shaun Donovan and members of the New York Congressional Delegation today announced selections for New York City Housing Authority (NYCHA) projects that will benefit from $423 million of federal stimulus funding received under the American Recovery and Reinvestment Act (ARRA), which was signed by President Obama in February.

SL Green Completes $40 Million of Redevelopment Projects at Three Buildings

New York, NY - April 27, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today the completion of $40 million of building re-development improvements at three of its signature office properties, 711 Third Avenue, 810 Seventh Avenue in Manhattan, and 16 Court Street in Brooklyn. Each property has undergone a comprehensive re-positioning which includes capital improvements featuring unique designs reflective of each building.

Assembly Passes Legislation To Preserve Mitchell-Lama Housing, Protect Tenants

Albany, NY - April 22, 2009 - (RealEstateRama) — Assembly Speaker Sheldon Silver, Assembly Housing Committee Chair Vito J. Lopez and Assembly Mitchell-Lama Housing Subcommittee Chair Jonathan L. Bing today announced the passage of a legislative package to preserve thousands of affordable apartments units by strengthening the Mitchell-Lama program.

50 affordable apartments will help revitalize Syracuse’s Northside

Albany, NY - April 22, 2009 - (RealEstateRama) — Commissioner VanAmerongen was on hand recently to break ground on Prospect Hill Homes, a quality...

New York City Housing Development Corporation Directors Approve First Ever Recycled Bonds For Two...

NEW YORK, NY - April 21, 2009 - (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors today welcomed NYC Department of Housing Preservation and Development Commissioner Rafael E. Cestero as the new HDC Board Chairman and at the meeting approved the nation’s first “recycled” bonds for affordable housing projects in the Bronx and Staten Island.

DHCR Celebrates Groundbreaking of $18 Million Rehabilitation of Embury Apartments in Saratoga Springs

Albany, NY - April 16, 2009 - (RealEstateRama) — On April 7, Commissioner Deborah VanAmerongen, DHCR staff, and Michael Skrebutenas, Deputy Secretary for Economic Development and Housing, joined Omni Housing Development, LLC, The Wesley Community, and Saratoga Springs Mayor Scott Johnson to break ground on the $18 million rehabilitation of Embury Apartments.

Diamond Blade Dealer Provides Better Online Customer Experience

Joe Martino, NY - April 15, 2009 - (RealEstateRama) — Diamond Blade Dealer, a leading wholesaler of diamond blades and related masonry supplies, is pleased to announce the launch of their new website. The re-designed website aims to provide a better customer experience while maintaining the low prices the company is known for.

NYCEDC Seeks Firms to Develop $150 Million of Offsite Infrastructure for Willets Point Development...

New York, NY - April 7, 2009 - (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) today announced two separate Requests for Qualifications (RFQs) for firms to provide construction management services and design services for the $150 million Willets Point Offsite Infrastructure Project, which will connect the 62-acre development site to existing transportation, water and sewage facilities.

Jones Lang LaSalle Manages Landmark Empire State Building Sustainability Program to Reduce Energy and...

NEW YORK, NY - April 07, 2009 - (RealEstateRama) — The Empire State Building is “going green,” profitably. Today Jones Lang LaSalle and its program partners unveiled a landmark energy sustainability program for the iconic property that will reduce the Empire State Building’s energy use and greenhouse gas emissions by up to 38 percent. Once completed, the building is expected to achieve an ENERGY STAR score of 90, placing it in the top 10 percent of efficiency for Class A buildings, a major feat for a pre-war property. In addition, the Empire State Building will pursue LEED Gold building certification.

New York is First State to Utilize Economic Recovery Funds to Jump Start Affordable...

Albany, NY - April 6, 2009 - (RealEstateRama) — Governor David A. Paterson today announced $253 million in affordable housing grants coming to New York...

Silver, Farrell: Budget Reflects Assembly’s Commitment To Affordable Housing, Neighborhood Preservation

Albany, NY - April 1, 2009 - (RealEstateRama) — Assembly Speaker Sheldon Silver and Ways and Means Committee Chair Herman D. Farrell, Jr. today announced that the SFY 2009-2010 budget includes $502 million for the Public Housing Capital Fund to rehabilitate, modernize and develop public housing as well as $141 million for the Homelessness Prevention Program to fund homelessness prevention services on a county-by-county and statewide basis.Silver and Farrell said the state budget restores $48.5 million in critical funds to programs that help community-based organizations preserve and restore housing in depressed areas.

Gotbaum Calls for Action on Bronx Swamp

New York, NY - March 30, 2009 - (RealEstateRama) — Today on Public Advocate's Corner, Betsy Gotbaum called on the city to take immediate action on a stretch of abandoned railroad tracks that has turned into a swamp in the South Bronx.

Mayor Bloomberg And Queens Officials Praise Approval Of Two Major Queens Development Plans At...

New York, NY - March 30, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg commended the New York City Council today for its approval of the City’s development plans at Hunters Point South and Willets Point in Queens.

Upstate Equity Fund Encourages Private Sector Investment in Communities

ALBANY, NY - March 19, 2009 - (RealEstateRama) — A new Upstate Equity Fund that will encourage private sector investment in affordable housing projects throughout Upstate New York was announced today by Deborah VanAmerongen, commissioner of the state Division of Housing and Community Renewal (DHCR). The new funding source was developed by DHCR together with the New York State Association for Affordable Housing (NYSAFAH) and other partners in the development community.

DHCR Helps Kick-Off New Affordable Senior Development in Ulster County

Albany, NY - March 13, 2009 - (RealEstateRama) — DHCR's Executive Deputy Commissioner Brian Lawlor was on hand recently to help launch the construction of a new $15 million, 66-unit affordable housing development for senior citizens in the town of Ulster

Formerly Homeless Vets Get a Second Chance at the Jackson Avenue Veteran Complex

CPC, ENPHRONT Veteran Services and Inner City Development Open Seven 3-story Row Houses for Formerly Homeless Veterans; Educational, Job Training and Recreational Programs Offered On-Site

NYS Housing Finance Agency Approves $21.5 Million Refinancing for 160 Affordable Units in Brooklyn...

NEW YORK, NY - March 4, 2009 - (RealEstateRama) — The board of the New York State Housing Finance Agency (HFA) today approved $21.5 million in financing to renovate two low-income rental housing projects in Brooklyn with 160 units reserved for senior citizens and the disabled

State DHCR Issues Housing Needs Study for Mohawk Valley Region

Albany, NY - February 18, 2009 - (RealEstateRama) — The State Division of Housing and Community Renewal (DHCR) has released a report describing the affordable housing needs of the Mohawk Valley Region, which includes Fulton, Hamilton, Herkimer, Montgomery, Oneida and Schoharie Counties.

State DHCR Issues Housing Needs Study for Central New York Region

Albany, NY - February 18, 2009 - (RealEstateRama) — The State Division of Housing and Community Renewal (DHCR) has released a report on the housing needs of Central New York, which includes Cayuga, Cortland, Madison, Onondaga and Oswego Counties.

NYS Housing Finance Agency Issues 2009 Criteria for “80/20” Multifamily Tax-Exempt Bond Financing in...

NEW YORK, NY - February 18, 2009 - (RealEstateRama) — The New York State Housing Finance Agency (HFA) today issued its revised 2009 allocation criteria for developers seeking private activity tax-exempt bond financing for so-called 80/20 multifamily rental projects in New York City.

State DHCR Issues Housing Needs Study for Southern Tier Region

Albany, NY - February 18, 2009 - (RealEstateRama) — The State Division of Housing and Community Renewal (DHCR) has released a report on the affordable housing needs of the Southern Tier, which includes Broome, Chemung, Chenango, Delaware, Otsego, Schuyler, Steuben, Tioga and Tompkins counties.

Paterson Budget Proposes to Raid Funds from Battery Park City Meant for Affordable Housing...

New York, NY - February 20, 2009 - (RealEstateRama) — A diverse array of housing advocates, affordable housing developers, community development corporations and low income tenants joined with New York City Comptroller William C. Thompson, Public Advocate Betsy Gotbaum, and members of the City Council today to protest a proposal by Governor David Paterson that would raid a fund dedicated to the construction of affordable housing in order to balance the state’s budget

Mayor Bloomberg Names Rafael Cestero to Serve As Commissioner of the Department of Housing...

New York, NY - February 13, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg today named Rafael Cestero to serve as Commissioner of the Department of Housing Preservation and Development HPD

Popular Government & Nonprofit Press Releases

Recent Government & Nonprofit Press Releases


U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand announced $125,000 in federal funding for CNY Fair Housing, Inc. in Syracuse. The funds were provided by the U.S. Department of Housing and Urban Development (HUD) Fair Housing Initiatives Program (FHIP) Education and Outreach Initiative grants