New York RealEstateRama

MERSCORP Holdings, Inc. and Intercontinental Exchange (NYSE: ICE), today announced that ICE will acquire a majority equity position in MERSCORP Holdings, Inc., owner of Mortgage Electronic Registration Systems, Inc. (collectively “MERS”). In addition, ICE and MERS have entered into a software development agreement to modernize and enhance the MERS® System.

Brooklyn District Attorney Ken Thompson today announced that the owner of a company that operated three-quarter houses in Brooklyn and his employee have been arraigned on an indictment that charges them with unlawfully evicting tenants in a systemic scheme to defraud. The defendant allegedly used various tactics to evict the residents without a court order, including putting their belongings on the street, removing their mattresses, preventing them from cooking by breaking stoves and locking the doors to the residences to prevent entry

The New York Power Authority and New York State Electric & Gas today announced the completion of a $120 million transmission project that will enable more electricity from renewable sources to flow from upstate to meet energy demand in more-populated downstate regions without having to build new power lines.

The Finger Lakes Regional Economic Development Council (FLREDC) today announced that WinnDevelopment and GDD Properties have broken ground on the redevelopment of nearly 500,000 square feet of the historic Sibley Square in Rochester. A FLREDC priority project, the phased, $200 million project broke ground on the major $100 million phase of the development that includes the construction of 96 creatively designed luxury apartment homes on the 9th through 12th floors, retail on Main Street, office space in the mid-rise, mixed income and active senior living apartments, and a complete rehabilitation of the entire facade and windows of the building.  Lieutenant Governor Kathy Hochul joined state, city and local leaders to celebrate the ground breaking.

The New York State Department of Taxation and Finance today reminded New Yorkers that they aren’t required to pay sales tax for odd jobs and projects done on their property when the work is done by someone who’s not operating in a regular trade or business

The New York Power Authority today announced the completion of a $20 million renovation project by Magellan Aerospace, New York, a Long Island-based aircraft parts manufacturer. Magellan is receiving low-cost electricity from the Governor’s ReCharge NY program supporting 125 jobs and $27 million in capital investments

Nassau County Executive Edward P. Mangano visited Dutch Broadway Elementary School in Elmont, on Friday, June 3rd, to celebrate the staff and students’ participation in the 4th Annual Building Homes for Heroes Walk-a-thon. The proceeds from the walk-a-thon are used towards Building Homes for Heroes, a national non-profit organization that rebuilds or modifies homes and gifts them mortgage-free to veterans and their families.

Mayor de Blasio joins HPD, HDC, DOHMH, NYS OTDA, NYS OMH and development partners to celebrate more than 100 new homes created for low-income and special needs individuals and families

The Michigan Department of Natural Resources today announced that the Engman Lake Access Road in Marquette County will be resurfaced beginning Monday, June 6. The DNR is teaming up with more than a dozen Engman Lake Homeowners in the area to fund materials for the project, which cost an estimated $6,000. The DNR is doing the road work.

Environmental groups are applauding the Cuomo Administration for announcing that New York State will participate in a federal auction to obtain a lease for offshore wind energy development in an area 11 miles off the Rockaways. By signaling their intent to pursue this lease and facilitate the development of an offshore wind project, the Cuomo Administration is showing much-needed innovative leadership to finally launch an offshore wind industry for New York

To help end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) is awarding $2,547,492 to help 287 homeless veterans in New York find a permanent place to call home. The rental assistance announced today is provided through the HUD-Veterans Affairs Supportive Housing (HUD-VASH) Program which combines rental assistance from HUD with case management and clinical services provided by VA. Cities receiving voucher funding include Rochester, Syracuse, Albany, Buffalo and New York.

New York State announced the launch of Phase One of the Homelessness Action Plan, which is part of a multifaceted, focused and comprehensive package of initiatives involving multiple agencies. In his 2016 State of the State address, Governor Andrew M. Cuomo proposed a historic $10.4 billion commitment to combat homelessness statewide over the next five years, which includes $2.6 billion for new supportive housing units and $7.8 billion for continuing commitments in support of existing supportive housing units, shelter beds, and other homeless services.

Tom Reed issued the following statement in the wake of the recent unanimous Supreme Court ruling in Army Corps of Engineers v. Hawkes Co. Inc. The ruling allows private property owners to appeal how their land is classified by the Corps, and therefore the types of regulations land is subject to, in Federal court

The Federal Reserve Bank of New York today released results from its February 2016 SCE Housing Survey, which provides information on consumers' housing-related experiences and expectations. The survey shows a modest decline in home price growth expectations. However, the majority of households still view housing as a good financial investment. Mortgage rate expectations have declined since last year’s survey, and renters’ perceived access to mortgages has become easier.

Federal and City government officials celebrate the opening of two affordable senior housing developments in the Co-op City neighborhood of the Bronx that have a combined total of 180 new apartments and supportive services

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 July at libraries and community meeting halls throughout Nassau County

Speaker Carl Heastie and Judiciary Chair Helene Weinstein today announced the passage of legislation to combat the rising problem of abandoned residential properties by creating new efficiencies in the foreclosure process and imposing requirements for the maintenance of properties by a mortgagee or its loan servicing agent

Dramatic Increase In Mortgage Assistance Efforts Will Enable Thousands Of New Yorkers To Save Their Homes By Clearing Small Debts That Are Preventing Them From Avoiding Foreclosure. New Analysis Released Today Estimates Expansion Will Save $875 Million In Property Values for Neighboring Homeowners of Loan Recipients

The development site, encompassing nearly an entire city block, will be a 100% affordable housing development that includes housing affordable to households earning an annual income as low as $24,000 for a family of three

Attorney General’s Investigation Identified Evidence Of Systemic Discrimination Against Tenants Seeking To Use Section 8 Vouchers By Three Companies, Including Douglas Elliman, Fourth Largest Real Estate Company In The Country

The St. Lawrence Seaway Development Corporation (SLSDC) Operates & Maintains Critical Infrastructure Throughout the Great Lakes – Including Lake Erie – and St. Lawrence Seaway System – Schumer Argues Cuts to SLSDC Funding Will Put Regional Economy and Local Jobs at Risk

The New York Power Authority (NYPA) Board of Trustees will hold a regular meeting, via video conference, on Tuesday, May 24th at 9:30 a.m. at NYPA’s administrative office building at 123 Main Street, White Plains, New York in the 16th Floor Board Room.

Attorney General Eric T. Schneiderman today announced the indictment and arraignment of Yury Baumblit and Rimma Baumblit, “three-quarter house” operators in New York City, and their corporate entities #1 Marketing Service, Inc., R Y B Realty, LLC, Steps to Better Living Inc., and Orbit Management Group Inc., on charges of Grand Larceny in the Second Degree, Money Laundering in the Second Degree, and violations of the Social Services Law prohibiting the payment of kickbacks related to the provision of services under the State’s Medicaid program. The Attorney General’s office arrested Yury and Rimma Baumblit on April 13. Both have remained in custody since their arrest

New York State Comptroller Thomas P. DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State Common Retirement Fund’s (Fund) request that they increase the use of renewable energy in their operations and supply chain

The new development will be affordable to extremely low- and low-income households with a majority of the apartments serving formerly homeless populations