New York RealEstateRama

Albany, NY - February 20, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today detailed his proposal to cut taxes for residents and businesses during a visit to Nassau Community College in Nassau County. As part of the Governor’s 2014-15 Executive Budget, the proposal continues the fiscal discipline of the past three years by holding spending increases to below two percent, while also reducing taxes by more than $2 billion by 2016-17

NEW YORK - February 19, 2014 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today announced the sentencing of Applied Construction Inc., its owner, Mohammad T. Riaz, its manager, Mohammad Arshad, and two foremen, Zbigniew Lakomiec and Socrates “Tony” Carrera, for failing to pay prevailing wages to workers on a public works construction project at a residential building in the Bronx. The project was financed and overseen by the New York City Department of Housing Preservation and Development (HPD).

NEW YORK - February 18, 2014 - (RealEstateRama) -- In its latest Household Debt and Credit Report, the Federal Reserve Bank of New York announced that outstanding household debt increased $241 billion from the previous quarter, the largest quarter over quarter increase since the third quarter of 2007. The increase was led primarily by a 1.9 percent increase in mortgage debt ($152 billion). In Q4 2013 total household indebtedness increased to $11.52 trillion; 2.1 percent higher than the previous quarter. Overall household debt remains 9.1 percent below the peak of $12.68 trillion in Q3 2008. The report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample drawn from anonymized Equifax credit data.

WASHINGTON, D.C. - February 17, 2014 - (RealEstateRama) -- Benjamin M. Lawsky, Superintendent of Financial Services for the State of New York, is delivering remarks today at the New York Bankers Association

WASHINGTON, D.C. - February 17, 2014 - (RealEstateRama) -- With snow and frigid temperatures affecting Long Island, Nassau County Executive Edward P. Mangano today announced that WARMBED,Nassau County’s Emergency Shelter Relief Program for homeless individuals and families during the winter months, is active. The Nassau County Winter Homeless Hotline operates 7 days a week and runs through March 31st, 2014. If winter conditions persist beyond March 31st, the program will continue until warmer weather arrives

WASHINGTON, D.C. - February 14, 2014 - (RealEstateRama) -- In announcing the House’s pending vote on the Congressman’s legislation, Majority Leader Eric Cantor (VA-7) praised the Congressman’s steadfast efforts to drive flood insurance negotiations over the past several months. “I applaud Congressman Grimm’s constant leadership in bringing all sides together on this important issue. His tireless work to find a solution for the National Flood Insurance Program is a testament to his dedication to his constituents” said Leader Cantor

New York, NY - February 12, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced $1.75 million in grants awarded to provide permanent supportive housing in New York City for homeless families struggling with addiction to drugs or alcohol. This announcement builds on the Governor’s commitment to support community treatment opportunities, including supportive housing units for homeless families with members suffering from a chemical dependency. These funds are available through the New York State Office of Alcoholism and Substance Abuse Services (OASAS)

The Bronx, NY - February 12, 2014 - (RealEstateRama) -- Today, Congressman José E. Serrano applauded BronxWorks, an organization in his community that changes lives and assists those in need with a variety of services. Serrano recently helped BronxWorks with a federal grant from the Department of Housing and Urban Development for their work, which will bring $1 million to the organization

WASHINGTON, D.C. - February 10, 2014 - (RealEstateRama) -- Preservation and Rehab of the United States Lace Curtain Mill factory has begun its first phase with environmental remediation. The project will create 55 units of affordable housing for artists in the City of Kingston and generate $18.3 million in regional economic activity, while retaining the unique architectural character of the building

WASHINGTON, D.C. - February 4, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today highlighted the additional capital funding in the 2014-15 Executive Budget to make communities across the State more progressive by encouraging the creation of supportive housing for public assistance recipients and low-income households. The Executive Budget Proposal increases funding from the $30 million that was enacted in the 2013-14 Executive Budget to $63 million for the Homeless Housing and Assistance Program (HHAP), which is administered by the New York State Office of Temporary and Disability Assistance (OTDA).

Queens, NY - February 4, 2014 - (RealEstateRama) -- On Thursday, January 30th, U.S. Rep. Joe Crowley (D-Queens, the Bronx) joined An Angel in Queens Founder Jorge Muñoz to distribute meals to homeless and unemployed New Yorkers on Roosevelt Avenue and 73rd Street in Jackson Heights. Muñoz, a community leader in the battle against hunger, has served over 225,000 home-cooked meals since 2004. Just two days prior, Crowley hosted Muñoz at President Obama’s State of the Union address and recognized him for his commitment to helping communities in need.

WASHINGTON, D.C. - February 3, 2014 - (RealEstateRama) -- With snow and frigid temperatures approaching Long Island, Nassau County Executive Edward P. Mangano today announced that WARMBED,Nassau County’s Emergency Shelter Relief Program for homeless individuals and families during the winter months, is active. The Nassau County Winter Homeless Hotline operates 7 days a week and runs through March 31st, 2014. If winter conditions persist beyond March 31st, the program will continue until warmer weather arrives

Washington, DC - February 3, 2014 - (RealEstateRama) -- U.S. Senator Kirsten Gillibrand announced that today, the U.S. Senate passed the bipartisan Homeowner Flood Insurance Affordability Act that she has co-sponsored to delay the most aggressive rate increases and fix major flaws in the Biggert-Waters Flood Insurance Reform law to make the National Flood Insurance Program affordable, accessible and self-sustainable. The bill, which also includes Gillibrand’s amendment that will help thousands of New York City homeowners whose homes are impossible to elevate reduce their flood risk and lower flood insurance rates, now heads to the House for a vote.

WASHINGTON, D.C. - January 31, 2014 - (RealEstateRama) -- The maps show unequal lending patterns based on the racial composition of communities in New York City, controlling for the number of owner-occupied units in each neighborhood. New Yorkers who live in predominantly white neighborhoods on average receive twice as many conventional home purchase loans as New Yorkers who live in predominantly black or Latino neighborhoods, for every 100 owner-occupied housing units in the neighborhood.

WASHINGTON, D.C. - January 30, 2014 - (RealEstateRama) -- Congresswoman Nita Lowey (D-Westchester/Rockland), the senior Democrat on the House Appropriations Committee, opposed the Farm Bill considered by the House earlier today because it would disproportionately impact New Yorkers, reducing nutritional assistance benefits $90 per month for approximately 12,530 households in Westchester and Rockland Counties and 300,000 statewide

Washington, DC – U.S. Senator Kirsten Gillibrand announced that her amendment to help thousands of New York City homeowners whose homes are impossible to elevate reduce their flood risk and lower flood insurance rates will be included in the bipartisan Homeowner Flood Insurance Affordability Act. The U.S. Senate unanimously approved her amendment today to be part of the latest flood insurance legislation and is set to vote on final passage of the bill tomorrow. Gillibrand’s amendment would help New York City and urban homeowners of buildings such as brownstones, brick buildings, and multi-family homes that are physically impossible to elevate to reduce their flood risk and lower their flood insurance rates.

WASHINGTON, D.C. - January 29, 2014 - (RealEstateRama) -- Congresswoman Carolyn Maloney (NY-12), Ranking Member of the House Subcommittee on Capital Markets and Government Sponsored Enterprises (GSE), released the following statement in reaction to President Obama’s call for housing finance reform in the 2014 State of the Union Address

Newburgh, NY - January 27, 2014 - (RealEstateRama) -- Representative Sean Patrick Maloney urged folks in the Hudson Valley to take precautions, and check on those who are most vulnerable during the recent dangerously cold temperatures. With freezing temperatures and winds plummeting temperatures to below zero for the next week, Rep. Maloney encouraged folks to be careful and take all necessary steps to ensure the safety of our children, the elderly, and the homeless in need of emergency shelter

Albany, NY - January 23, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced a partnership between the New York Power Authority (NYPA) and the State University of New York (SUNY) to undertake energy efficiency measures at 10 SUNY campuses that will save the university system $3.5 million each year and contribute to cleaner communities. The projects will reduce the university system’s peak energy use by approximately 3.6 megawatts (MW)—enough to power some 3,600 typical homes—and help to eliminate 21,000 tons of greenhouse gas emissions annually.

New York, NY - January 22, 2014 - (RealEstateRama) -- The New York City Department of Housing Preservation and Development (HPD), the New York City Housing and Development Corporation (HDC) and Preservation Development Partners announce the $41 million acquisition and financing for the rehabilitation of Albert Goodman Plaza, a four-building 252-unit complex in the Bronx. The property, which had fallen into disrepair under its previous owner, was acquired by Preservation Development Partners, a joint venture of developers Francine Kellman, Brian Raddock, Donald Capoccia, Joseph Ferrara, and Brandon Baron.

Albany, NY - January 22, 2014 - (RealEstateRama) -- Governor Andrew M. Cuomo today deployed the Department of Financial Services’ (DFS) Mobile Command Center to West Seneca to help homeowners and businesses affected by recent flooding. Governor Cuomo also outlined resources and advice for victims who are dealing with their insurance companies to help them get the relief to which they are entitled as quickly as possible, including the availability of a DFS Disaster Hotline at 1-800-339-1759

Commack, NY - January 21, 2014 - (RealEstateRama) -- Today, Congressman Steve Israel (D-Huntington) announced he’ll be introducing federal legislation, the Kerry Rose Fire Sprinkler Notification Act, to require improved notifications of fire-safety systems for students and their families as they pick campus-affiliated housing at colleges and universities across the country. He was joined by the Fitzsimons Family of Commack who lost their daughter, Kerry Rose, to a fire in the house she lived in at Marist College in 2012.

New York, NY - January 17, 2013 - (RealEstateRama) -- Warburg Realty®, one of Manhattan’s leading residential real estate companies, has announced its top 10 brokers for 2013. Wendy Greenbaum was the firm’s top agent, followed by Richard Steinberg and Jay Glazer.

New York, NY - January 16, 2013 - (RealEstateRama) -- The Federal Home Loan Bank of New York announced today the award of an $857,500 grant to the St. John Fruit Belt Development Corporation to help finance the St. John Townhomes II project, which will build 49 units of affordable housing in the Fruit Belt neighborhood of Buffalo; a $400,000 grant to the Lackawanna Housing Development Corporation to help finance the Lackawanna Homes project, which will build 48 single-family homes and a community building in a targeted revitalization neighborhood in Lackawanna; and a $163,800 grant to Niagara Community Action Program, Inc. to help finance the rehabilitation of 20 units of owner-occupied housing across Niagara County. Federal Home Loan Bank of New York members M&T Bank and First Niagara Bank submitted the applications for the funding.

New York, NY - January 15, 2013 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer announced that, after his push, the FY2014 Appropriations Bill will increase federal funding for the Low Income Home Energy Assistance Program (LIHEAP) to $3.4 billion, up $169 million from FY2013. In light of record low temperatures and extreme weather throughout Upstate New York last week, Schumer called on appropriators to increase funding for LIHEAP this year.