Looking to foster investment opportunities between real estate stakeholders in the Philippines and the U.S., the Filipino American Real Estate Professional Association Silicon Valley chapter is organizing a trade mission to the Philippines on June 16-29. The trade mission will take participants to Manila, the country's capital, to the island of Palawan, which has the best beaches in the world, and to Vigan, a city known for its preserved Spanish colonial and Asian architecture
Mayor de Blasio and Speaker Mark-Viverito Announce Major Investments to Fill East Harlem Greenway...
Mayor Bill de Blasio and Speaker Melissa Mark-Viverito today announced a major investment to advance construction of a brand new section of the Greenway, between East 125th and East 132nd streets. This investment would close one of the last remaining gaps in the Manhattan Waterfront Greenway, a major step towards completing a contiguous 32-mile waterfront pedestrian promenade and bicycle path around Manhattan.
Representative Sean Patrick Maloney (NY-18) and local officials condemned a decision by the Department of Veterans Affairs to deny an anticipated annual federal investment of over $500,000 to Hudson River Housing. If no action is taken, funding will run out and the program will be terminated after September 30th
Representative Sean Patrick Maloney (NY-18), member of the House Transportation and Infrastructure Committee, announced a federal investment of $14,520,795 to construct a new runway and navigational aids at the Orange County Airport. This is the third and final phase of investment in the runway’s construction, which is funded through the U.S. Department of Transportation’s Federal Aviation Administration.
he following is a statement by New York State Association of REALTORS® President Dawn M. Carpenter: “The New York State Association of REALTORS® (NYSAR) and its 55,000 REALTORS® applaud the members of the New York State Legislature for taking action to help more New Yorkers achieve the American Dream of homeownership in communities across the Empire State
Representative Sean Patrick Maloney (NY-18) announced that Hudson River Housing will receive a federal investment of $286,333 to support efforts to develop and preserve affordable housing, revitalize and sustain neighborhoods, and create jobs. The investment is being made through NeighborWorks America, a public nonprofit established by Congress in 1978.
HPD AND HDC JOIN HARLEM DOWLING, THE CHILDREN’S VILLAGE, ALEMBIC COMMUNITY DEVELOPMENT AND PARTNERS...
Newly Constructed Sixty Unit Affordable Housing Development is Affordable to Extremely Low- and Low-Income New Yorkers and Includes Twelve Units Reserved for Youth Aging out of Foster Care
The Federal Reserve Bank of New York today released results from its February 2017 SCE Housing Survey, which provides information on consumers' housing-related experiences and expectations.
Assembly Speaker Carl Heastie and Housing Committee Chair Steven Cymbrowitz today announced that the Assembly's budget proposal for SFY 2017-18 provides a plan for the investment of $2.5 billion in funding that was dedicated for supportive and affordable housing development in last year's enacted budget. The plan also includes a new rental assistance program for low income seniors funded by a 2.5 percent tax on multi-million dollar real estate transactions. It also expands and increases funding for the Tenant Protection Unit and increases funding for foreclosure prevention services.
$4 Million State Investment Buys Cooperative Ownership and Essential Infrastructure Improvements at Kayadeross Acres Manufactured Home Park Ballston Spa, NY December 20, 2016: New York State Homes and Community Renewal (HCR), ROC USA and PathStone today announced that thanks to a $3.4 million loan, homeowners in the 33-acre Kayadeross Acres Manufactured Home Cooperative, formerly known as Creek and Pines, took a big step toward securing their financial futures when they purchased the land beneath their homes. The funds will finance the land acquisition and conversion to cooperative ownership; an additional $675,000 will go toward upgrades and repairs to major infrastructure systems serving the residents
Maloney Announces Major Federal Investments in Hudson Valley Youth Homeless Shelters Totaling $400,000
Representative Sean Patrick Maloney announced a total of $400,000 in investments for two Hudson Valley nonprofits to help runaway and homeless youth. Funded through the Department of Health and Human Services (HHS), Hudson River Housing will receive $200,000 to provide adequate staffing for their 24 hour shelter, and Green Chimneys will receive $200,000 to support its wraparound services including counseling, advocacy and follow-up.
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Rite Aid property located at 8230 Cazenovia Road in Manlius, New York for $3,800,000. The 12,795 square foot Rite Aid property is strategically positioned along Cazenovia Road which is a primary north-south thoroughfare in the trade area.
Governor Cuomo Announces Grand Opening of $14.4 Million Affordable Housing Development in Ontario County
Governor Andrew M. Cuomo today announced the grand opening of the $14.4 million Trolley Station Apartments in Canandaigua, Ontario County. The 48-unit supportive housing development, operated by DePaul Community Services, offers residential based services for low-income individuals and residents with behavioral health issues
Representative Sean Patrick Maloney, member of the House Transportation and Infrastructure Committee, announced that he has secured a Federal Aviation Administration (FAA) investment of over $300,000 for Dutchess County Airport. This federal investment of $313,200 will be used to replace an Aircraft Rescue and Firefighting (ARFF) building and a snow removal building. Both structures protect critical safety equipment from adverse weather conditions, and allow the airport to comply with federal aviation safety requirements.
The New York Power Authority today announced the completion of a $20 million renovation project by Magellan Aerospace, New York, a Long Island-based aircraft parts manufacturer. Magellan is receiving low-cost electricity from the Governor’s ReCharge NY program supporting 125 jobs and $27 million in capital investments
U.S. General Services Administration (GSA) Administrator Denise Turner Roth and Congressman Gregory W. Meeks outlined how the President’s Fiscal Year 2017 budget request for GSA invests in federal infrastructure, including an $8.5 million request for a repair and alteration project for the modernization of the Joseph P. Addabbo Federal Office Building. The proposed project builds on the agency’s commitment to be an economic catalyst and stimulate job growth in communities across the nation.
Statement From Deputy Mayor Alicia Glen And NYCEDC President Maria Torres-Springer on 2015 Venture...
Reports on PricewaterhouseCoopers LLP and the National Venture Capital Association’s analysis of Venture Capital funding indicate that $5.95 billion of venture-capital funding was invested in New York City companies in 2015, up 62 percent from the $3.67 billion invested in 2014. In total, there were 395 venture-capital deals in 2015, up from 367 the previous year.
Congressman Paul Tonko (NY-20) this week continued his campaign to advance renewable sources of energy in asking Speaker of the House Paul Ryan and House Minority Leader Nancy Pelosi to include in a year-end tax extender package key priorities related to the Solar Investment Tax Credit (ITC)
Congressman Brian Higgins (NY-26) spoke on the House floor to urge Congress to extend the Solar Investment Tax Credit (ITC) as part of the Tax Increase Prevention and Real Estate Investment Act 2015. The bill seeks to promote economic growth by extending tax provisions that have expired or will expire in the near future. Higgins, with Rep. Richard Hanna, also led on a bipartisan letter sent to House leadership calling for the extension.
Mayor Bill de Blasio today joined the Metropolitan Transportation Authority, development partners, federal, state and local elected officials to mark the commencement of passenger service on the number 7 Subway extension and the opening of a new station at 34th Street and 11th Avenue to link New Yorkers, workers and visitors to Manhattan’s Far West Side. The extension of the 7 Subway line west from Times Square was funded by a $2.4 billion investment by the City of New York
Members of the Homes and Community Renewal (HCR) senior management team joined Governor Andrew M. Cuomo at his Capital for a Day in the Mohawk Valley recently to demonstrate the agency's commitment to New Yorkers in the region through its various revitalization programs. The day featured a walking tour of the Cornhill community in Utica, a neighborhood that is undergoing revitalization, and a roundtable discussion in the City of Amsterdam on housing and community revitalization needs and priorities
SCHUMER: PROPOSED SENATE BUDGET BILL WOULD DECIMATE FUNDING FOR KEY HOUSING PROGRAM THAT PROVIDES...
Current Senate Bill Slashes HOME Investment Partnerships Program (HOME) Funding By More Than 90% From Fiscal Year 2015 Levels – Effectively Decimating Critical Funding Streams For Capital Region
Gebroe-Hammer Associates Reports Jersey City’s Enduring Gentrification is Sustaining Multi-Family Investing
Jersey City, which often draws a close comparison to New York City’s most populous borough, is experiencing yet another wave of multi-family investment demand associated with its Hudson waterfront location and proximity to Manhattan, according to the brokerage professionals at Gebroe-Hammer Associates. Development is moving inland, tenants are migrating from New York City in search of a similar yet less expensive lifestyle and property appreciation is up approximately 7 percent in the past 12 months
Representative Sean Patrick Maloney (NY-18) announced a $3,592,530 investment by the Department of Housing and Urban Development for Orange County for Community Development Block Grants (CDBG) and HOME. Both of these programs promote economic growth through housing assistance and expanding local economic projects.
Governor Andrew M. Cuomo today announced details of a final agreement on a number of major priorities for the end of the 2015-16 legislative session. Governor Cuomo said: “Today, we have reached an agreement on robust, comprehensive reforms that put the people of New York first. We are strengthening rent laws and extending them for four years in the New York City area to protect more than two million tenants.