The U.S. House of Representatives passed legislation this week co-authored by Congressman Jerrold Nadler (NY-10) and Congressman Eliot Engel (NY-16), designed to bring co-op and condo owners one step closer to receiving critical federal funding for disaster relief. H.R. 1684, the Disaster Assistance Support for Communities and Homeowners Act of 2017, directs the Federal Emergency Management Agency (FEMA) to provide recommendations to Congress within 12 months for how condos and co-ops could become eligible for disaster relief funds.
DFS SUPERINTENDENT VULLO ANNOUNCES JULY 1ST LAUNCH OF EXPANDED PARTICIPATION IN STATE-BASED NMLS PLATFORM,...
Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS)’s transition to the Nationwide Multistate Licensing System and Registry (NMLS) for money transmitters is commencing July 1, 2017. In this transition, DFS will manage the license application and ongoing regulation of all nondepository financial institutions doing business in New York through NMLS, which was created by the State Conference of Bank Supervisors (CSBS) and began operations in January 2008.
Mayor Bill de Blasio, New York City Economic Development Corporation President and CEO James Patchett, and City Council Member Ydanis Rodriguez today unveiled the Inwood NYC 2017 Action Plan which outlines neighborhood-wide goals and strategies that will build on Inwood’s strengths and address pressing challenges – including outdated zoning and rising rents, antiquated infrastructure, support for small businesses, workforce development and access to the Harlem River waterfront.
Last night, Congressman Lee Zeldin (R, NY-1) addressed his colleagues in the House of Representatives in support of H.R. 1871, the Property Tax Reduction Act, which was introduced in the House by fellow New York Representatives, Congressman Chris Collins (R, NY-27) and Congressman John Faso (R, NY-19). The Property Tax Reduction Act would shift to the state level the local share of Medicaid costs currently paid by all New York counties outside of New York City
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.
Congressman Chris Collins (NY-27) today hailed the inclusion of his amendment to the House passed American Health Care Act into the Senate version of the bill. The amendment, introduced with Congressman John Faso (NY-19), would require New York State to take over the county portion of Medicaid by 2020 and would provide the largest property tax reduction ever to Western New York.
U.S. Senate Minority Leader Charles E. Schumer and Senator Kirsten Gillibrand today announced a total of $127,715 in federal funding for two fire departments in the Finger-Lakes region. The funding was allocated through the Department of Homeland Security's (DHS) Assistance to Firefighters Grant Program (AFG). The Point Pleasant F
Homebuyer demand remained strong in the Empire State during May as closed sales set a record for the month at 10,704, surpassing the record set last May by 4.6 percent, according to the housing market report released today by the New York State Association of REALTORS®. The statewide median sales price continued its upward climb, increasing by 7.1 percent compared to last May.
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
Assembly Speaker Carl Heastie, Judiciary Committee Chair Helene Weinstein and Assemblymember Jaime Williams today announced the Assembly's approval of legislation to further protect tenants who enter into rental agreements after building foreclosure actions have begun.
Extensive rehabilitation and preservation of 1380 University is financed under HDC’s LAMP preservation program, leveraging City subsidy with tax-exempt bond proceeds and LIHTC equity Located in the Highbridge section of the Bronx, residents of this hundred percent affordable housing development will benefit from long-term affordability for at least an additional 30 years
Meng Sends Letter to President Trump Asking He Remove Extremely Unqualified HUD Appointment Lynne...
U.S. Rep. Grace Meng (D-NY) this morning sent the following letter to President Trump requesting that he remove his completely unqualified appointment to oversee federal housing programs in New York and New Jersey, Lynne Patton. The text of the letter is below and a copy of the correspondence can be found
The Partnership for New York City and the New York Building Congress have sent a letter signed by over 15 industry leaders asking the New York State Legislature to support design-build authorization for New York City. They reflect the broad-based support for giving city agencies the procurement and contracting tools they need to save time and money on major capital projects.
Empire State Development Signs Final Financial Agreement with Related Companies, Vornado Realty LP, and Skanska USA Allowing Major Construction to Begin Construction Moves Forward on...
New York's public water supplies need stronger protections to ensure clean drinking water and prevent contamination that could result in health problems, according to a report released today by State Comptroller Thomas P. DiNapoli.
HPD COMMISSIONER TORRES-SPRINGER AND HDC PRESIDENT ENDERLIN ANNOUNCE HOUSING LOTTERY FOR 84 AFFORDABLE APARTMENTS...
The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer and New York City Housing Development Corporation (HDC) President Eric Enderlin today announced the opening of the Housing Connect lottery for 84 newly constructed affordable apartments at The Pavilion at Locust Manor located at 171-04 Baisley Boulevard in the St. Albans neighborhood of Queens
Perry Street stretches from HarborCenter in Downtown Buffalo through the Cobblestone District and into South Buffalo’s Old First Ward. Congressman Brian Higgins (NY-26) travels the 1.1 mile route frequently and, troubled by the vacant and deteriorating conditions of publicly owned property in the area, is proposing a plan to help the neighborhood reach its great potential
Congresswoman Elise Stefanik (R-NY-21) helped the House pass H.R. 2274, the HYPE Act – bipartisan legislation to cut red tape in the construction permitting process for hydropower projects and incentivize greater investment in hydropower.
U.S. Senators Charles Schumer and Kirsten Gillibrand today announced $376,888,300in federal funding for communities across NY and relaunched their push to call on President Trump, who completely decimated the programs in the recent White House FY18 budget proposal. Earlier this month, Schumer and Gillibrand expressed serious concerns over reports that the Administration will eliminate all funding to the Department of Housing and Urban Development’s (HUD) Community Development Block Grant Program (CDBG) and the HOME Investment Partnerships Program (HOME).
Governor Cuomo Launches Second Phase of Unprecedented $20 Billion Housing Plan to Provide Affordable...
Governor Andrew M. Cuomo today announced the second phase of a historic $20 billion five-year plan for the creation or preservation of 100,000 affordable and 6,000 supportive housing units. State agencies issued three separate Requests for Proposals to provide more than $650 million in capital funding and $30 million in service and operating funding for supportive housing
Governor Cuomo Orders Acceleration of Construction on Bridges and Tunnels in Anticipation of Added...
Governor Andrew M. Cuomo has ordered an acceleration of the construction on MTA bridges and tunnels to mitigate the effects of additional vehicles on the road caused by Amtrak's emergency repair work this summer. This aggressive schedule ensures major construction projects will be completed by July 8 to reduce vehicular congestion during Amtrak's extended period of widespread reduced service. Governor Cuomo's order will mean that all major commuting crossings will be cashless and all lanes will be open during the daytime.
Governor Cuomo Announces $9.3 Million Energy-Efficient Affordable Housing Development for Seniors in Hornell
Governor Andrew M. Cuomo today announced the completion of a $9.3 million housing development for seniors in the City of Hornell. The project transformed the former Lincoln Elementary School, a vacant, historic landmark, into a Lincoln Gardens, a new development of 25 affordable, energy-efficient apartments for people 55 and older. Four units of the new Lincoln Gardens are for persons who have physical disabilities or mobility impairment. This complements Southern Tier Soaring, the Governor’s successful upstate revitalization initiative to grow the economy and create new opportunities
Congressman Eliot Engel, the Ranking Member on the House Foreign Affairs Committee and a top Member on the House Energy and Commerce Committee, penned a letter to White House Counsel Donald McGahn signed by 23 of his House colleagues urging the White House to take immediate action to secure vulnerable networks at Trump properties, including Mar-a-Lago.
Governor Cuomo Announces Opening of $22 Million Affordable and Supportive Housing Development in Troy
Governor Andrew M. Cuomo today announced the opening of Tapestry on the Hudson, a $22.3 million affordable and supportive housing development for families along the Hudson River in Troy. The project included renovating the former Wilbur, Campbell, & Stephens Co. Factory, which was built in 1899, and was most recently home to Mooradians Furniture. Since 2011, New York has invested more than $22 million and leveraged $82.7 million in additional public and private investment to create 434 affordable homes for Troy families
Following approval by its Board of Directors at a meeting on June 5, the New York City Housing Development Corporation (HDC) announced plans to issue up to $563.5 million in tax-exempt multi-family housing revenue bonds and provide more than $157.3 million in additional financing to fund the new construction and preservation of 17 affordable housing developments across the Bronx, Brooklyn, Queens, and Manhattan