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A.G. Schneiderman Announces $1.2 Million Settlement With Manhattan Developer That Pays Restitution To Tenants...

Attorney General Eric T. Schneiderman today announced a settlement with 101 West 78th, LLC, Newcastle Realty Services, LLC, and Margaret Streicker Porres, that requires the developer to pay $1.2 million to New York City to compensate for the loss of five rent-stabilized apartments in an Upper West Side building, some of which were effectively deregulated through prohibited buyout agreements. The deal provides two years of rent payments to tenants who have remained in the building.

Neuhaus praises Orange County Department of Public Works for earning $16,500 rebate for investing...

Orange County Executive Steven M. Neuhaus announced on Thursday that the Department of Public Works has received a rebate for $16,500 by participating in Orange and Rockland’s Big Energy Solutions Rebate Program.

Assemblymen Dave Rible and Sean Kean, both R-Monmouth and Ocean, recently introduced legislation that...

NextGen sets NYCHA on a new path to financial solvency, allowing the Authority to make significant investments in its 178,000 units, and dramatically improve quality of life for the 400,000 residents living in public housing

Senate Passes Bill Making the Property Tax Cap Permanent, Saving Taxpayers Billions of Dollars

The New York State Senate today acted on one of its top end-of-session priorities by passing legislation to make the property tax cap permanent. The bill (S5597), sponsored by Senate Majority Leader John Flanagan (R-C-I, East Northport), would prevent the planned expiration of the tax cap to continue saving taxpayers billions of dollars each year, increase investments by businesses, and create more jobs

Higgins Introduces Nation Building Here At Home Act Of 2015

Congressman Brian Higgins (NY-26) introduced a new strategy to repair our nation’s infrastructure today, the Nation Building Here At Home Act of 2015. The bill aims to create a new grant program to rebuild our nation’s roads, bridges, transit systems, and water infrastructure.

Congressman Higgins & Mayor Kulpa Announce Start of Construction on $463,000 in Sidewalk Improvements...

Congressman Brian Higgins (NY-26) and Mayor Brian Kulpa announced the beginning of construction on a number of sidewalk improvements in the Village of Williamsville. More than $460,000 in federal funding, provided through the U.S. Department of Transportation’s Safe Routes to School program, will be invested in Williamsville infrastructure enhancements.

Empire State Development Announces First START-UP NY Company In Central NY Breaks Ground

Empire State Development today joined with Empire Brewing Company, a START-UP NY participant sponsored by SUNY Morrisville, to break ground on the Empire Farmstead Brewery – a new manufacturing and agri-tourism facility in Cazenovia, Madison County.

Governor Cuomo Announces Launch of $2 Million Investment Fund to Support MWBE and Small...

Governor Andrew M. Cuomo today announced the launch of a $2 million MWBE Investment Fund to provide seed financing to certified minority- and women-owned business enterprises (MWBE). Rochester-based venture capital firm Excell Partners will manage the fund

SCHUMER: HOUSE SLASHES FUNDING FOR CRITICAL TIGER GRANT PROGRAM THAT WOULD MAKE IT NEARLY...

U.S. Senator Charles E. Schumer today urged his colleagues to vote against the House proposal to cut funding to a  key program that supports critical infrastructure projects across New York State. Schumer explained that the House funding bill included severe cuts to the incredibly important and popular Transportation Investment Generating Economic Recovery (TIGER) grant program

Comptroller Stringer Announces Major New Diversity Intiative For Investment Managers

New York City Comptroller Scott M. Stringer announced that the New York City Pension Funds have taken steps to formally consider diversity as a criterion in manager evaluation and selection, by systematically asking current and prospective money managers about the diversity of their investment professionals.

Vice Chair Crowley, Rep. Brady Move to Increase Foreign Investment in U.S. Real Estate

Two senior members of the House Ways & Means Committee are continuing their quest to remove a 1980’s era tax provision that discourages foreign investment in U.S. real estate.

Governor Cuomo Launches Upstate Revitalization Initiative and Round V of Regional Economic Development Council...

Governor Andrew M. Cuomo today launched two major economic development programs – the Upstate Revitalization Initiative and Round V of the Regional Economic Development Councils – officially kicking off the 2015 competitions for $1.5 billion and up to $750 million in state economic development resources, respectfully.

Empire State Development Announces Investment In The Adirondack Craft Beverage Trail To Boost Tourism

Empire State Development (ESD) today announced plans for expanded Adirondack Craft Beverage Trail promotion to increase tourism in Warren, Washington, Essex and Saratoga counties and brand the region as a craft beverage destination in New York State.

Empire State Development Announces Automated Dynamics To Invest And Expand In Schenectady County

The new 30,000 square foot building will be built by the Galesi Group at the company’s Niskayuna Commerce Park. Construction on the new building will begin this summer. The Niskayuna Commerce Park is home to Unilux Advanced Manufacturing, a new $20 million Army Reserve Center and more than 100 acres of shovel-ready land for growing tech firms.

Comptroller Stringer Green Bond Update Shows Growing Investor Interest In Socially Conscious Investments

On the Monday of Earth Week, New York City Comptroller Scott M. Stringer released a report detailing new market research and growing investor consensus that now is the time to implement a Green Bond program in New York City.

PROTECTING FAMILIES, SAFEGUARDING AFFORDABILITY: DE BLASIO ADMINISTRATION EXPANDING PROGRAMS TO KEEP NEW YORKERS IN...

Mayor Bill de Blasio and Housing Preservation and Development Commissioner Vicki Been today met tenants at a Bronx building in the midst of major upgrades and renovations through City affordable housing preservation initiatives. Protecting and improving existing affordable housing is a major component of the Mayor’s Housing New York Plan. Last year, the City initiated preservation work at 11,185 apartments. This year, the City is expanding its toolkit to reach more New Yorkers whose homes are becoming unaffordable or distressed

Hanley Investment Group Negotiates Sale of Four Single-Tenant 7-Eleven Stores in Erie County, New...

Hanley Investment Group, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that Senior Vice President Jeremy McChesney negotiated the sale of four single-tenant absolute NNN 7-Eleven stores in Erie County, New York, totaling nearly $3 million. McChesney currently has two other East Coast 7-Eleven stores in escrow and two additional ones available for sale.

Schumer, Gillibrand Announce More Than $12K In Federal Funds For Western Ny Housing Organization...

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced that the U.S. Department of Housing and Urban Development (HUD) will provide $12,252 in federal funding for the Niagara Falls Neighborhood Housing Services.

Schumer, Gillibrand Announce More Than $13K In Federal Funds For Capital Region Housing Organization

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced that the U.S. Department of Housing and Urban Development (HUD) will provide $13,258 in federal funding for Better Neighborhoods, Inc., located in Schenectady.

A.G. Schneiderman Announces Settlement With Tribeca Developer Over Unregistered Real Estate Securities

Developer Peter Moore Disregarded Martin Act Requirements While Blatantly Marketing Investments In TriBeCa Loft Building Settlement Bars Moore From the Real Estate Securities Industry For Six Months. Schneiderman: Promoters Of Real Estate Investments Need To Follow The Rules And If They Don’t, They Will Be Held Accountable.

Funding Available to Build and Expand Solar and Wind Farms, Hydropower Plants and Fuel...

Governor Andrew M. Cuomo today announced a $160 million investment designed to grow large scale clean energy projects statewide. As part of the State’s Reforming the Energy Vision (REV) strategy, this funding is being made available to support public-private sector partnerships in clean energy projects. Funding will be administered competitively, and proposals will improve energy affordability and reliability, while also expanding new economic development opportunities and protecting the environment.

Governor Cuomo Announces $160 Million Investment in Clean Energy

Governor Andrew M. Cuomo today announced a $160 million investment designed to grow large scale clean energy projects statewide. As part of the State’s Reforming the Energy Vision (REV) strategy, this funding is being made available to support public-private sector partnerships in clean energy projects. Funding will be administered competitively, and proposals will improve energy affordability and reliability, while also expanding new economic development opportunities and protecting the environment

Schumer, Gillibrand Announce Over $600,000 In Federal Funding For Monroe County

Eastman Business Park Will Use Funding For Manufacturing And Job Creation Opportunities In Rochester. The project aims to provide technology entrepreneurs with more efficient and economical pathways to develop their businesses.

TROVE Predictive Data Science Invests in Buffalo Niagara Expansion

Empire State Development (ESD), Buffalo Niagara Enterprise (BNE) and TROVE Predictive Data Science today announced a significant expansion that will result in a $3.3 million investment and creation of 36 new high-tech, high-paying jobs.

SCHUMER CALLS ON FEDS TO INVESTIGATE SAFETY OF LUMBER LIQUIDATORS’ WOOD FLOORING & RECALL...

Standing outside a New York City Lumber Liquidators showroom, U.S. Senator Charles E. Schumer today urged the Consumer Product Safety Commission (CPSC) to immediately launch a broad investigation into the safety of Chinese-imported wood flooring material from Lumber Liquidators, and to initiate recalls or other disciplinary action if the product is found to be dangerous

Popular Government & Nonprofit Press Releases

VETERANS UNITED HOME LOANS TO PAY $604,000 IN RESTITUTION TO NEW...

Financial Services Superintendent Maria T. Vullo today announced that Mortgage Research Center, LLC, doing business as VAMortgage Center and/or Veterans United Home Loans, will pay approximately $604,000 in restitution to New York consumers, primarily veterans, as part of a consent order entered into with the Department of Financial Services (DFS).

Recent Government & Nonprofit Press Releases

Total Household Debt Increases, Driven by Mortgage, Auto and Credit Card...

The Federal Reserve Bank of New York today issued its Quarterly Report on Household Debt and Credit,which reported that total household debt increased by $114 billion (0.9%) to $12.84 trillion in the second quarter of 2017. There were modest increases in mortgage, auto and credit card debt (increasing by 0.7%, 2% and 2.6% respectively), no change to student loan debt and a modest decline in balances on home equity lines of credit (decreasing by 0.9%).