New York RealEstateRama

Congresswoman Elise Stefanik (R-NY-21) visited Jericho Rise Wind Farm yesterday, a new site being constructed to bring renewable energy to the towns of Bellmont and Chateaugay. Congresswoman Stefanik’s office assisted in the permitting process for this wind farm with the US Army Corps of Engineers (USACE).

Mayor Bill de Blasio today nominated Eric Enderlin for President of the Housing Development Corporation (HDC), which plays a critical role in the preservation and creation of affordable apartments. Enderlin is currently Deputy Commissioner at the Department of Housing Preservation and Development (HPD), where he oversees the agency’s Office of Development. Enderlin has been a crucial leader in the City’s record-breaking efforts to build and protect affordable housing

Senators Jeff Klein (D-Bronx/Westchester) and David Carlucci (D-Rockland/Westchester), joined Mayors Jennifer White of Nyack and Bonnie Christian of South Nyack, to urge Rockland homeowners to report zombie homes, after revealing that Rockland County is seeing a decline in zombie properties after the enactment of Senator Klein’s legislative package

As part of his continued efforts to help homeowners reduce their property tax burden, County Executive Edward Mangano will be hosting a series of Property Tax Exemptions Workshops in September at libraries and community meeting halls throughout Nassau County.

At the next Building Ulster County Together Breakfast, Ulster County Executive Mike Hein is pleased to welcome Cynthia Nikitin, Senior Vice President from the Project for Public Spaces, to discuss the benefits of the County’s growing trail system. The breakfast will be held from 7:30 – 9:30 AM on Monday, August 15^th at the Best Western Plus in Kingston. Cynthia – a part-time Ulster County resident for the past 20 years – will share examples of successful trail systems and will explain what it takes to capitalize on trails as engines of economic growth

The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which reported that household debt increased by $35 billion (a 0.3 percent increase) to $12.29 trillion during the second quarter of 2016. This moderate growth was driven by increases in auto loan and credit card debt, which increased by $32 billion and $17 billion respectively.

The New York Department of State will host a public meeting of the State Fire Prevention and Building Code Council on Thursday, August 25, 2016, 10:00 a.m. at 99 Washington Avenue in Albany; 123 William Street in New York City; and 65 Court Street in Buffalo. The meeting will be held via videoconference at all locations.

A measure authored by U.S. Reps. Grace Meng (D-Queens) and Eliot L. Engel (D-Bronx/Westchester) to protect public housing residents from insufficient heat during winter months has been signed into law by President Obama

A measure authored by U.S. Reps. Eliot L. Engel (D-Bronx/Westchester) and Grace Meng (D-Queens) to protect public housing residents from insufficient heat during winter months has been signed into law by President Obama.

Following reports of homeownership dipping to its lowest level since 1965, Representative Sean Patrick Maloney has renewed calls for passage of legislation he introduced last year to make it easier for first-time homebuyers to save for a down payment. Current law allows first time homebuyers to make penalty-free withdrawals from their IRA to go toward the purchase of a home. However, the current limit of $10,000, which was enacted nearly 20 years ago and not indexed to inflation, has not kept up with rising costs and stagnating wages. Rep. Maloney’s bipartisan First Time Homeowner Savings Plan Act would help the law catch up, by increasing the limit to $25,000 for first time homebuyers.

Mayor Paul Dyster, Congressman Brian Higgins (NY-26), representatives from the U.S. Department of Housing and Urban Development, members of the Niagara Falls City Council and residents broke ground on the Niagara Falls Skate Park. Located within Hyde Park just off Hyde Park Boulevard was planned in strong partnership with entities including the Niagara Falls Youth Bureau, the Niagara Falls Police Department, Department of Community Development and Department of Public Works

According to a new report, becoming a homeowner in New York City’s real estate market is a considerable challenge for the vast majority of New York City households—including those earning up to six figures—due to the city’s severely constrained supply of affordable home-buying opportunities. And homeownership prospects do not necessarily improve by moving out of the city to the surrounding New York suburbs.

Mayor Bill de Blasio, Attorney General Eric T. Schneiderman, the Department of Housing Preservation and Development (HPD), the Housing Development Corporation (HDC), the Department of Veterans’ Services, and other City and State officials join The Bridge and their development partners to announce the start of construction on the Melrose Commons Supportive Housing development in the Bronx. Located at 425 East 161st Street, the new building will provide permanent supportive housing for 58 homeless adults with special needs, with a preference for veterans

The Federal Reserve Bank of New York today issuedRegional Household Debt and Credit Snapshots, which examine borrowing and indebtedness trends throughout the Federal Reserve’s Second District, and are analogous to the national Quarterly Report on Household Debt and Credit. They include data about mortgages, home equity lines, student loans, credit cards, auto loans, and delinquencies for New York City and each of its boroughs, as well as metro areas throughout New York State, northern New Jersey, and western Connecticut.

The workers at Acadia Realty Trust’s CityPoint Brooklyn residential building help make the building home for tenants and are proud to be part of the community but Acadia uses a contractor called Kent Services that employs the workers at CityPoint at substandard wages– in fact workers just next door make almost 50% more than they do

New York City Economic Development Corporation (NYCEDC) today announced that it will partner with The Doe Fund to expand its Quality of Life (QOL) program, which will employ formerly homeless, formerly incarcerated and low-income individuals to work on a range of City-led initiatives

Following is a statement from Sean Gallagher, vice president of state affairs at the Solar Energy Industries Association (SEIA), on the New York Public Service Commission's approval of a 50 percent Clean Energy Standard by 2030

A brief released today by the NYU Furman Center describes the process of tax lien sales in New York City, which affected over 15,000 properties and roughly 43,600 residential units between 2010 and 2015.

Mayor Bill de Blasio today announced that his administration secured 23,284 affordable apartments and homes during Fiscal Year 2016, the second highest production in New York City history and the most since Ed Koch was mayor.

The New York Power Authority Board of Trustees approved on Tuesday funding awards under the Power Authority’s Western New York Power Proceeds program and a hydropower allocation to a Niagara firm. Those actions are expected to lead to capital investments of more than $3.6 million and support 53 jobs, including 38 new positions

Mayor Bill de Blasio today announced that his administration secured 23,284 affordable apartments and homes during Fiscal Year 2016, the second highest production in New York City history and the most since Ed Koch was mayor.

The New York Power Authority Board of Trustees today approved a low-cost hydropower allocation to Roth Industries in Jefferson County that will allow the manufacturer to begin an expansion project at its Watertown facility, creating eight new jobs and $6.7 million in capital investments

RoAnn M. Destito, New York State Office of General Services Commissioner today announced that new construction bids have been awarded in the below counties. The awards are described in the listing below. The contracts are expected to be awarded to the apparent low bidders following review and approval by the State Comptroller's Office.

A webcast on the request for proposals (RFP) that has been issued by the New York State Office of General Services (OGS) for the purchase and development of 27 acres of prime real estate in the Governor W. Averell Harriman State Office Campus in Albany will be held on Wednesday, July 27 at 11:00 a.m.

Ulster County Executive Mike Hein visited Karina Dresses in uptown Kingston, a business that recently relocated from Brooklyn, to announce the launch of two advertising campaigns by the Ulster County Economic Development Alliance focused on promoting Ulster County as the ideal place to live and develop and grow business in today’s always connected economy.