NEW YORK - November 15, 2008 - (RealEstateRama) –  New York State approved nearly $30 million in financing today to build 177 new units of affordable housing in New York City. The actions were taken by the boards of the New York State Housing Finance Agency (HFA) and its subsidiary, the New York State Affordable Housing Corporation (AHC). more »

NEW YORK - November 14, 2008 - November 13, 2008 - (RealEstateRama) – New York State approved $66.8 million in financing to preserve and create 1,059 affordable housing units throughout the state. The approvals were made by the New York State Housing Finance Agency (HFA) and its subsidiary, the New York State Affordable Housing Corporation (AHC). more »

New York, NY- November 14, 2008 - (RealEstateRama) – Mayor Michael R. Bloomberg announced the opening of Diversity Works, a supportive housing development for formerly homeless families. Supportive housing—permanent affordable housing with on-site services—is a demonstrated solution for preventing homelessness and helping individuals transition towards self sufficiency. Comprised of 42 housing units and located in the Crotona section of the Bronx, Diversity Works is the first such housing development completed under New York/New York III and funded by the City. more »

New York City - November 9, 2008 - (RealEstateRama) –  New York City Economic Development Corporation (NYCEDC) today announced that it has signed seven property acquisition agreements with two landowners at Willets Point, Queens. The new agreements amount to nearly four acres, or 170,657 square feet. Taking into account these acquisitions, previously announced acquisitions and the 14 acres of public streets owned by the City, the City now controls more than 45 percent of the 62-acre site. There are several auto-related businesses located on the most recently acquired properties. more »

New York, NY - November 11, 2008 - (RealEstateRama) – SL Green Realty Corp. (NYSE: SLG) today announced that Viacom International, Inc. has renewed and extended its lease covering 1.3 million square feet for its Global Headquarters at 1515 Broadway. This notable accomplishment is the third largest lease ever signed in Midtown Manhattan. The iconic tower is owned by SL Green in a joint venture with SITQ. The lease renewal through mid-2015 includes 1.1 million square feet that was scheduled to expire in 2010, along with the extension of an additional 170,000 square feet that was set to expire in 2012 and 2013. more »

Hastings-On-Hudson - October 31, 2008 - (RealEstateRama) – The completion of 422 Warburton Avenue in Hastings-On-Hudson, New York, a newly constructed 14-unit affordable apartment complex, was celebrated with a ribbon cutting on Friday, October 31st. The complex features 3 separate buildings, private parking and a 1,000 square foot public plaza along Warburton Avenue. more »

Albany, NY - November 10, 2008  - (RealEstateRama) – The State Division of Housing and Community Renewal (DHCR) has released a regional report on the housing needs of Allegany, Cattaraugus, Chautauqua, Erie and Niagara Counties. The Western New York Affordable Housing Needs Study is the sixth in a series of nine regional reports being prepared by DHCR, which will issue a Statewide Affordable Housing Needs Study once the regional reports have been completed. more »

NEW YORK, NY - November 6, 2008 - (RealEstateRama) –  The New York City Housing Development Corporation (HDC) today announced it has approved the issuance of three new Multi-Family Mortgage Revenue Bonds in the total amount of $88,000,000. more »

ALBANY, NY - November 10, 2008 - (RealEstateRama) – The New York State Real Estate Board will hold a public hearing on general real estate issues on Monday, November 17, 2008 at 10:30 a.m. at Department of State, Division of Licensing Services, Alfred E. Smith State Office Building, 80 South Swan Street, 10th Floor Conference Room, Albany, NY and 123 William Street, 19th Floor Conference Room, New York, NY.  The Board will hold an open board meeting immediately following the public hearing at the same locations (via video-conference). more »

NEW YORK, November 5, 2008 - (RealEstateRama) – Retail asking rents for ground floor space along some of Manhattan’s prime shopping corridors have risen notably compared to last year, while others are seeing declines, according to a report released today by The Real Estate Board of New York (REBNY). more »