I am delighted to celebrate the groundbreaking for Cornell Tech, a project that will create tens of thousands of jobs, both during construction and as students start creating new start-ups. When Mayor Bloomberg first proposed this idea of a new applied sciences school, I worked incredibly hard to build support to bring it to Roosevelt Island, and I am thrilled that the project is officially in the ground.

Rose Associates announced today that it has closed a $182 million loan funded by the issuance of bonds provided by the New York State Housing Finance Agency for the development of a new luxury rental property in Manhattan. The bonds were purchased by Wells Fargo, M&T Bank, and TD Bank. The loan will facilitate the construction of 7 West 21st Street, an 80/20 development led by New York City-based Friedland Properties

The U.S. Department of Housing and Urban Development (HUD) today awarded an additional $500,000 to 15 current grantees and 4 new recipients to help New York families and individuals with their housing needs and to prevent future foreclosures. A major new program was funded in Rochester, along with significant increases to four existing programs in New York City. The grants announced today are in addition to $2.1 million awarded to New York State in April

The New York Power Authority (NYPA) has reached the halfway mark in two ambitious, multi-year capital improvement projects to overhaul and extend the life of three small hydroelectric facilities--the Crescent Plant and Vischer Ferry Plant, on the Mohawk River in the Capital Region, and the Ashokan Plant on the Ashokan Reservoir in Ulster County.

The World’s Largest Hardware Cooperative Retains 292 Jobs and Creates 25 New Jobs in NY Empire State Development (ESD) announced that Ace Hardware Corporation, the world’s largest hardware cooperative, will expand with a new Retail Support Center in Saratoga County at 55 Northern Pines Road in Gansevoort, New York.

The City will host an open house next week to discuss draft recommendations for the East Main Arts & Market Initiative. This will be the second of two public meetings for the study, which seeks to identify multi-modal circulation, access and parking improvements, recommendations for land use development, streetscape enhancements, community branding, and strategies to promote housing opportunities.

LISC New York City, Creative Art Works, NYC Smoke-Free, & the NYC Department of Health and Mental Hygiene will join Hope Community, Inc. to celebrate their efforts as they create healthier living environments for residents and staff. Hope Community, Inc. worked with Two Shades of Green (TSG), a collaboration to help affordable housing owners and managers create cost effective green and healthy property management practices

The state’s Office for People with Developmental Disabilities’ Finger Lakes Developmental Disabilities Service Office (DDSO) skirted state procurement laws for more than 1,400 purchases worth more than $1 million, gave one vendor an unfair advantage in obtaining the state’s business and overpaid for hundreds of household items

Hundreds rallied in front of Governor Cuomo’s Executive Office in midtown today to call for fully funding supportive housing. Supportive housing – permanent housing which is combined with mental health and other support services – is proven to be cost-effective and successful in reducing homelessness for vulnerable New Yorkers. Every unit of supportive housing built saves more than $10,000 per year in taxpayer dollars through the reduced use of costly shelters, hospitals, psych centers and incarceration

New York - June 12, 2015 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the New York State Board for Historic...

Sibley Building Currently Planning $200 Million Redevelopment, But Requires New Market Tax Credits to Move Forward on Plans – In Last Year’s “Fiscal Cliff” Deal, Schumer Secured Extension & Funding of NMTC

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced that the Federal Emergency Management Agency (FEMA), following their urging, had approved additional federal funds to rebuild the Niagara Engine Company No. 6 Fire House. The fire house was previously located in a high hazard floodplain in Schoharie County, where it was severely damaged during Hurricane Irene and Tropical Storm Lee.

“The right to private property is fundamental to our nation and our economy. Private property owners should not have to be afraid of their property being taken from them by their government,” said Reed. “The practice of Eminent Domain is all too often used as an excuse for government to do whatever it chooses, leaving landowners with little recourse to fight back. This bill brings us one step closer to stopping the practice once and for all.”

Mayor Bill de Blasio today announced that the City financed the creation and preservation of more than 17,300 affordable units during calendar year 2014. With 11,185 preserved units and 6,191 new construction units financed, the City exceeded its first year projections by more than 1,300 affordable units. Based on average household size, these new and preserved units are enough to affordably house nearly 42,000 New Yorkers.

The Housing and Community Development Network of New Jersey (the Network) today released a guide to implementing the New Jersey Supreme Court’s March 2015 decision on fair share housing. Developing Effective Municipal Housing Plans aims to help advocates and nonprofit community developers usher in a new era of housing planning and municipal collaboration.

Furman Center report finds that between 2011 and 2014, the number of unregulated and rent-stabilized units affordable to low-income renters continued to decline; report explores whether a new tax benefit for unsubsidized buildings could help slow the loss of affordability in this stock

Community Development Corporation of Long Island (CDCLI) and the National Center for Suburban Studies at Hofstra University® hosted a convening today, attended by regional and national leaders, to present the latest research on the connection between safe, affordable housing and health outcomes.

Attorney General Eric T. Schneiderman today released the following statement on the U.S. Court of Appeals – D.C. Circuit’s decision dismissing challenges to the U.S. Environmental Protection Agency’s Proposed Clean Power Plan

Randy Crissman, a veteran New York Power Authority executive, has been honored by the American Public Power Association for his contributions to improve procedures for reliability compliance, monitoring and enforcement of government regulations at public power utilities.

U.S. Senator Charles E. Schumer today urged the Federal Emergency Management Agency (FEMA) to swiftly review and approve an appeal submitted by Binghamton University for federal funds to which they are entitled. Schumer explained that, following Tropical Storm Lee, FEMA approved a total project cost of $3,188,766 in funding for repairs to its University Downtown Center. The Center was inundated by flood water during Tropical Storm Lee, causing extensive damage to all electrical and mechanical services that support the building’s functions.<

Today, Congressman Tom Reed announced bipartisan legislation which would help American manufacturers with energy consumption and costs. The POWER Act, HR 2657 would encourage businesses to use new technologies to convert their “waste heat” into electricity.

State Senator Jeff Klein (D-Bronx/Westchester), together with Mayor Michael Volpe of the Village of Pelham, Pelham Town Supervisor Pete DiPaola, Pelham Deputy Supervisor Councilman Dan McLaughlin, Judge John Gardner, Judge John DeChiaro, and Town Council Member Blake Bell, today announced $195,000 in state funding for security and energy efficiency upgrades to Pelham Town Hall and the Daronco Town House at Pelham’s annual Block Party

Senate Democratic Leader, State Senator Andrea Stewart-Cousins, and Assemblymembers Shelley Mayer and J. Gary Pretlow were joined by tenants and tenant advocates today in calling on Governor Cuomo and the Republican Senate to renew and strengthen rent regulations that are set to expire on June 15, 2015. With more than 25,000 rent stabilized units in Westchester, with 16,000 of those in Yonkers

The owner of a Bardonia, New York, construction service company pleaded guilty to conspiring to defraud the New York Power Authority (NYPA) and filing a false tax return, the Department of Justice, the IRS and the New York State Inspector General announced today.

Today, Brooklyn Borough President Eric L. Adams announced his Access to Legal Service program, a partnership he has forged with the Brooklyn Bar Association Volunteer Lawyers Project and Legal Services NYC-Brooklyn, to offer free professional assistance to Brooklynites in need. The initiative will run out of Room G-80 at Brooklyn Borough Hall between the hours of 2:00 PM and 5:00 PM on select days. On the second Wednesday of every month, the Brooklyn Bar Association Volunteer Lawyers Project will offer foreclosure intervention and prevention services