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Yearly Archives: 2009
NYS Housing Finance Agency Approves $21.5 Million Refinancing for 160 Affordable Units in Brooklyn...
NEW YORK, NY - March 4, 2009 - (RealEstateRama) — The board of the New York State Housing Finance Agency (HFA) today approved $21.5 million in financing to renovate two low-income rental housing projects in Brooklyn with 160 units reserved for senior citizens and the disabled
State DHCR Issues Housing Needs Study for Mohawk Valley Region
Albany, NY - February 18, 2009 - (RealEstateRama) — The State Division of Housing and Community Renewal (DHCR) has released a report describing the affordable housing needs of the Mohawk Valley Region, which includes Fulton, Hamilton, Herkimer, Montgomery, Oneida and Schoharie Counties.
State DHCR Issues Housing Needs Study for Central New York Region
Albany, NY - February 18, 2009 - (RealEstateRama) — The State Division of Housing and Community Renewal (DHCR) has released a report on the housing needs of Central New York, which includes Cayuga, Cortland, Madison, Onondaga and Oswego Counties.
MANHATTAN REAL ESTATE DEVELOPER PLEADS GUILTY IN $27 MILLION FRAUD SCHEME
New York, NY - February 25, 2009 - (RealEstateRama) — LEV L. DASSIN, Acting United States Attorney for the Southern District of New York announced today that IVY WOOLFTURK, a Manhattan real estate developer, pleaded guilty in Manhattan federal court to participating in a $27 million mail and wire fraud conspiracy.
National economic uncertainty hampers New York State housing market
Albany, NY - February 25, 2009 - (RealEstateRama) — The New York State housing market could not sustain the December sales growth into January as buyers largely stayed out of the market due to concerns about the economy and questions about the impending economic stimulus package.
NYS Housing Finance Agency Issues 2009 Criteria for “80/20” Multifamily Tax-Exempt Bond Financing in...
NEW YORK, NY - February 18, 2009 - (RealEstateRama) — The New York State Housing Finance Agency (HFA) today issued its revised 2009 allocation criteria for developers seeking private activity tax-exempt bond financing for so-called 80/20 multifamily rental projects in New York City.
FOUR INDICTED IN MORTGAGE FRAUD SCHEME INVOLVING OVER $10 MILLION IN LOANS
New York, NY - February 18, 2009 - (RealEstateRama) — LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, and JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation, announced the unsealing of charges against SHARMON HOWELL, a/k/a "Sharmon Wade," DAVID MOORE, JUNE PERSAUD, and OSCAR ANCRUM,
State DHCR Issues Housing Needs Study for Southern Tier Region
Albany, NY - February 18, 2009 - (RealEstateRama) — The State Division of Housing and Community Renewal (DHCR) has released a report on the affordable housing needs of the Southern Tier, which includes Broome, Chemung, Chenango, Delaware, Otsego, Schuyler, Steuben, Tioga and Tompkins counties.
Paterson Budget Proposes to Raid Funds from Battery Park City Meant for Affordable Housing...
New York, NY - February 20, 2009 - (RealEstateRama) — A diverse array of housing advocates, affordable housing developers, community development corporations and low income tenants joined with New York City Comptroller William C. Thompson, Public Advocate Betsy Gotbaum, and members of the City Council today to protest a proposal by Governor David Paterson that would raid a fund dedicated to the construction of affordable housing in order to balance the state’s budget
New Affordable Homeownership Option under Inclustionary Housing Begins Public Review
Improvements to Inclusionary Housing Program Would Also Produce More Permanently Affordable Housing;
Proposal Fulfills Promise Made During Adoption of 125th Street Rezoning
New York State Board of Real Estate Appraisal To Meet
ALBANY, NY - February 17, 2009 - (RealEstateRama) – A meeting of the New York State Board of Real Estate Appraisal will be held on Thursday, February 26, 2009 at 10:30 a.m. at the Department of State, Alfred E. Smith State Office Bldg., 80 South Swan Street, 10th Floor Conference Room, Albany, NY, and 123 William Street, 19th Floor Conference Room, NYC, NY.
Mayor Bloomberg Names Rafael Cestero to Serve As Commissioner of the Department of Housing...
New York, NY - February 13, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg today named Rafael Cestero to serve as Commissioner of the Department of Housing Preservation and Development HPD
The NYC Housing Development Corporation is Nation’s No. 1 Issuer of Affordable Housing Bonds
Record-Breaking Year: Finances more than 7,300 Units
NEW YORK, N.Y. - February 10, 2009 - (RealEstateRama) – The New York City Housing Development Corporation (HDC) has posted another record-breaking year as the nation’s top issuer of affordable housing bonds.
BROOKLYN ATTORNEY CONVICTED IN MULTIMILLION-DOLLAR MORTGAGE FRAUD SCHEME
New York, NY - February 6, 2009 - (RealEstateRama) – LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, announced that attorney ALEXANDER KAPLAN was found guilty today of participating in a multimillion-dollar mortgage fraud scheme. KAPLAN was found guilty, after a two-week jury trial in Manhattan federal court, on all eighteen counts in the Indictment against him.
Triennial Study Shows That New York City’s Total Housing Supply and Neighborhood Satisfaction Reach...
New York, NY - February 10, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert C. Lieber and Department of Housing Preservation and Development (HPD) Acting Commissioner Marc Jahr today released the initial results of the 2008 New York City Housing and Vacancy Survey.
NYS Affordable Housing Corporation Approves $459,000 Grant to Build 12 Affordable Single-Family Homes in...
NEW YORK, NY - January 29, 2009 - (RealEstateRama) – The board of the New York State Affordable Housing Corporation (AHC)today approved a $459,000 grant to the Community Development Agency of the City of Gloversville for the construction of twelve single-family modular units.
NYS Affordable Housing Corporation Approves $700,000 Grant to Build 20 Affordable Homes in the...
NEW YORK, NY - January 29, 2009 - (RealEstateRama) – The board of the New York State Affordable Housing Corporation (AHC) today approved a $700,000 grant to North Country Affordable Housing, Inc. for the construction of 20 single-family homes in Jefferson, Lewis, Oneida and St. Lawrence counties.
NYS Affordable Housing Corporation Approves $300,000 Grant to Improve 50 Homes in Onondaga County
NEW YORK, NY - January 29, 2009 - (RealEstateRama) – The board of the New York State Affordable Housing Corporation (AHC) today approved a $300,000 grant to the Onondaga County Community Development Division to finance improvements for 50 single-family homes in the county.
NYS Affordable Housing Corporation approves $1.4 Million Grant to Finance 35 Affordable Condominiums in...
NEW YORK, NY - January 29, 2009 - (RealEstateRama) – The board of the New York State Affordable Housing Corporation (AHC) today approved a $1.4 million grant to the Village of Port Chester to finance the construction of 35 single-family condominium units.
NYS Affordable Housing Corporation Approves $800,000 To Rehab 78 Rochester Homes
NEW YORK, NY - January 29, 2009 - (RealEstateRama) – The board of the New York State Affordable Housing Corporation (AHC) today approved two grants totaling $800,000 to finance improvements to 78 single-family homes in the City of Rochester.
NYS Housing Finance Agency Approves $35.25 Million in Financing for 106 Affordable Housing Units...
NEW YORK, NY - January 29, 2009 - (RealEstateRama) – The board of the New York State Housing Financing Agency (HFA) today approved $35.25 million in financing to build 106 affordable housing units--including 55 units for households with special needs--in the Morris Heights section of the Bronx.
Despite December uptick, New York State housing sales down in 2008
Albany, NY - January 29, 2009 - (RealEstateRama) – Existing single-family home sales in New York State in 2008 fell by 16.2 percent compared to 2007 as the market responded to the effects of tighter mortgage availability, a shrinking economy and a decline in consumer confidence.
New York State Approves $38.9 Million in Financing to Preserve and Create 301 Affordable...
NEW YORK, NY - January 29, 2009 - (RealEstateRama) – New York State today approved $38.9 million in financing to preserve and create 301 units of affordable housing throughout the state. The approvals were made by the NYS Housing Finance Agency (HFA) and the NYS Affordable Housing Corporation (AHC)
Fast Actions Saves More than 1,100 Units of Affordable Housing
Albany, NY - January 27, 2009 - (RealEstateRama) – The New York State Division of Housing and Community Renewal (DHCR) was the first housing agency in the nation to address financing gaps and other problems caused by the economic downturn. As a result the agency preserved 15 threatened developments, saving 1,132 units of affordable housing
Nearly 21,600 Homes to Benefit from $108 Million in Weatherization Assistance this Year
Albany, NY - January 27, 2009 - (RealEstateRama) – Governor David A. Paterson today announced that New York would receive an additional $48 million in federal funding for the State's Weatherization Assistance Program (WAP), bringing this year's total amount of available federal funds to $108 million.
