The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer announces plans to transform the historic Greenpoint Hospital site into a new affordable housing development. The agency today issued a Request for Expressions of Interest (RFEI) seeking proposals for the design, construction, and management of a high quality, sustainable, mixed-use, mixed-income project on 3.4-acres in the Greenpoint-Williamsburg neighborhood of Brooklyn.
New Destiny Housing Corporation, a non-profit developer of affordable housing for families, has started construction on its newest mixed income housing project – The Jennings, located on Jennings Street in the Crotona Park East section of the Bronx. The Jennings will be an eight-story building with 42 apartments affordable for low-income households from the community with 23 apartments reserved for families coming from New York City domestic violence shelters. Project completion is expected in spring 2019.
Chairman Crowley Visits Senior Housing Community in the Bronx, Holds Roundtable Discussion with Advocates
On Thursday, August 24, Rep. Joe Crowley (D-Queens, the Bronx), Chairman of the House Democratic Caucus, joined New York Housing Conference, affordable housing advocates, and residents for a walking tour of Scheuer Gardens, a 116-unit senior housing development in the Bronx. Following the tour, Crowley led a roundtable discussion to raise awareness of the importance of federal investments in affordable housing and highlight the need for senior developments like Scheuer Gardens.
Amid a national rental affordability crisis, Representative Sean Patrick Maloney (NY-18) announced his introduction of the bipartisan First Time Homeowner Savings Plan Act. The bill will allow Americans to withdraw up to $25,000 from their IRA for the purchase of their first home without being penalized when they file their taxes. Experts agree that homeownership is one of the best ways for middle class Americans to save for retirement
U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand today announced $500,000 in federal funding for the Village of Monticello. The funding, allocated through the U.S. Department of Housing and Urban Development’s (HUD) Main Street program, helps support affordable housing and rejuvenate older, downtown business districts while retaining the area's traditional and historic character.
The New York Department of State will hold a public meeting on Thursday, September 28, 2017, at 1:00 p.m., regarding the real estate appraisal profession. The meeting will take place at the following locations: 99 Washington Avenue, Albany; 65 Court Street, Buffalo; and, 123 William Street, New York City. The public has the right to attend the meeting at any of these locations
“Through this plan, Downtown Far Rockaway is finally getting the investment it deserves, with new jobs and mixed-income housing, open space and community facilities. We are proud to have collaborated with Council Member Richards and community leaders to develop a vision for a more vibrant and equitable Downtown Far Rockaway, and to now make that vision a reality.”
The U.S. Department of Housing and Urban Development (HUD) announced today that Monticello, New York in Sullivan County will receive a $500,000 grant to rehabilitate the Strong Building at 430 Broadway and build affordable housing units for low-income residents
Congressman Tom Reed announced that C-S Canal Hydro, LLC, in Waterloo, New York, is the recipient of a Rural Energy for America Program (REAP) Renewable Energy and Energy Efficiency grant for $99,500 for the purchase and installation of a trash rake at a Hydroelectric facility.
Representatives from the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation and Development (HPD), City Council Speaker Melissa Mark-Viverito, and Bronx Borough President Ruben Diaz, Jr. joined Radson Development and project partners to celebrate the start of construction of Martin Luther King Plaza (MLK Plaza), a brand new 167-unit affordable housing development located at 869 East 147thStreet in the Mott Haven neighborhood of the Bronx.
Mayor Richard C. David today announced the completion of a 10-unit homeless veterans housing project at 27 Pine St. in Binghamton, the latest effort of Mayor David’s Blue Ribbon Commission to End Veteran Homelessness.
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%).
Governor Cuomo Announces $7.6 Million Community Restoration Fund Program to Help Prevent Foreclosure and...
Governor Andrew M. Cuomo today announced that the state's new $7.6 million Community Restoration Fund has purchased the mortgages for 398 homes in a strategic effort to bring owners in targeted communities out of foreclosure and keep the homes from abandonment through renovation and resale where necessary. This approach is part of the Governor's overall strategy to support homeowners, stabilize neighborhoods and prevent Zombie properties across New York State
New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer announces an update on the progress made to improve conditions at the buildings included on the tenth annual Alternative Enforcement Program (AEP) list. Since the 2017 AEP list was released in February, 138 buildings have improved conditions and met the criteria for discharge from the program. The AEP list identifies 250 distressed multifamily residential buildings with HPD violations and allows for enhanced enforcement, which includes roof to cellar inspections, fees, and an AEP Order to Correct the underlying conditions of the HPD violations. These enhanced enforcement tools are used to improve living conditions for each building’s residents
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).
Officials from the New York City Housing Development Corporation (HDC), New York City Department of Housing Preservation & Development (HPD), and the US Department of Housing and Urban Development (HUD) joined The Arker Companies and project partners to celebrate the rehabilitation and preservation of Elbee Gardens, a 178-unit affordable housing development located at 1950 Clove Road in the Grasmere neighborhood of Staten Island.
SCHUMER, GILLIBRAND ANNOUNCE $2.2 MILLION IN NORTHERN BORDER REGIONAL COMMISSION FUNDING FOR UPSTATE NEW...
U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kristen Gillibrand today announced $2.2 million in federal funding for six projects aimed at improving the economy in Upstate New York. The funding was allocated through the Northern Border Regional Commission’s (NBRC) Economic & Infrastructure Development Investment Program to support infrastructure projects and other initiatives that create jobs, support entrepreneurs, and strengthen the economy in St. Lawrence, Jefferson, Clinton, Oswego, and Madison counties.
Congresswoman Elise Stefanik (R-NY-21) announced a series of Northern Border Regional Commission (NBRC) grants totaling $1.75 million for infrastructure projects around New York’s 21st Congressional District.
CITY OFFICIALS JOIN RADSON DEVELOPMENT AND PARTNERS TO CELEBRATE COMPLETION OF CONSTRUCTION OF 54-UNITS...
Representatives from the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) joined Radson Development, Citi Community Capital, and project partners today for a ribbon-cutting ceremony to mark the completion of Strivers Plaza, a new affordable housing development located at 275 West 140th Street in the Central Harlem neighborhood of Manhattan.
Congressman Eliot Engel and the Coalition for the Homeless are again teaming-up to help New York City's homeless children get ready for school with "Project: Back to School," a drive to collect school supplies for the thousands of school age children living in the city's homeless shelters.
NYCEDC Announces Plan to Bring First of its Kind Industrial-Commercial-Residential Project to Long Island...
New York City Economic Development Corporation (NYCEDC) today announced a plan to transform two City-owned sites on the Long Island City waterfront into a groundbreaking mixed-use project that combines industrial and commercial office with residential space in order to support 21 st century jobs and innovation. Development of the 1.5 million square foot project is expected to create approximately 1,500 permanent and more than 2,500 construction jobs
>Representatives from the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) joined Omni New York LLC and project partners to celebrate the start of construction on the Morris II affordable housing development located at 2956 Park Avenue in the Melrose neighborhood of the Bronx
New York City Economic Development Corporation (NYCEDC) today announced the sale of 420 Albee Square to JEMB Realty Corporation (JEMB). The development at 420 Albee Square, which was recently unveiled by JEMB as One Willoughby Square (One Willoughby), will bring over 380,000 square feet of commercial space, including ground floor retail, and over 300 school seats to Downtown Brooklyn.
The New York State Office of Temporary and Disability Assistance today announced the opening of a $3.2 million housing development for homeless youth in Yonkers. The Bruce Avenue Youth (BAY) House, operated by Westhab, Inc., provides four units and 16 beds of transitional housing for young adults, ages 18-24.
Congressman Brian Higgins (NY-26) announced that Northrop Grumman Amherst Systems has been awarded a $10,367,772 contract with the United States Air Force through the Department of Defense for the production of additional Joint Threat Emitter systems