Governor Andrew M. Cuomo today announced $5.8 million to construct, rehabilitate and improve the homes of 338 income-eligible families across New York. The funds are awarded through New York State Homes and Community Renewal's Affordable Home Ownership Development Program, administered by the Affordable Housing Corporation. To date, the program has awarded nearly $174 million to create or improve more than 9,000 homes

The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced enhanced resources for housing lottery applicants. HPD launched a new informative video series on the affordable housing lottery process. The first video in the series, "Applying to a New York City Affordable Housing Lottery: Video Guide" , gives an overview of the application process.

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) is encouraging property/casualty insurance companies to submit disaster preparedness courses for approval by DFS so that homeowners and renters who enroll in such courses may seek appropriate DFS-approved policy discounts from their insurance providers.

Rep. Tom Reed is supportive of making changes at the federal level that would lessen the property tax burden across upstate New York. “For too long Albany has pushed its responsibility to fund Medicaid onto local county governments. This shift is responsible for the unreasonably high property taxes in our state. It is time to fix this problem so that younger people stop fleeing our state and the elderly are not unfairly burdened with these taxes,” Reed stated.

Assembly Speaker Carl Heastie and Housing Committee Chair Steven Cymbrowitz today announced that the Assembly's budget proposal for SFY 2017-18 provides a plan for the investment of $2.5 billion in funding that was dedicated for supportive and affordable housing development in last year's enacted budget. The plan also includes a new rental assistance program for low income seniors funded by a 2.5 percent tax on multi-million dollar real estate transactions. It also expands and increases funding for the Tenant Protection Unit and increases funding for foreclosure prevention services.

Last Major Auction Planned by the Governor’s Office of Storm Recovery Acquisition Program Offers 54 Homes in New York City, 25 on Long Island and 3 Upstate Auction to take place Thursday, May 11 at Hilton New York JFK Airport

New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced the issuance of a Request for Qualifications (RFQ) that seeks experienced non-profit and for-profit organizations to rehabilitate and manage occupied or vacant buildings. This RFQ is a part of the City’s larger effort to transfer ownership of city-owned and foreclosed properties back into the private sector and make more safe and affordable housing opportunities available for New Yorkers

Earlier today, David Gotterup was sentenced at the federal courthouse in Brooklyn, New York, to 15 years in prison for leading a loan modification scheme that defrauded distressed homeowners.

Governor Andrew M. Cuomo today announced the grand opening of the $7.5 million Riverview Apartments development in the City of Cortland. The two-story, 39-unit building provides affordable housing for low-income families and for individuals in need of behavioral health services.

New York City Economic Development Corporation (NYCEDC) President James Patchett and Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced a commitment to bring deeply affordable housing to the site of a former MTA bus depot on East 126^th Street in East Harlem.

The New York Public Service Commission (PSC) voted today to approve the first phase of the Value of Distributed Energy Resources order, reaching a milestone in New York’s long-term vision of a modern energy system that puts customer participation and clean energy at its center

Attorney General Eric T. Schneiderman today announced the indictment and arraignment of Channel Francis, 40, of Rosedale, on charges related to her fraudulent use of credit cards in the names of three elderly residents of the Parker Jewish Institute for Health Care and Rehabilitation in Queens

Earlier today, David Gotterup was sentenced at the federal courthouse in Brooklyn, New York, to 15 years in prison for leading a loan modification scheme that defrauded distressed homeowners. Gotterup pleaded guilty on June 16, 2016, to conspiring to commit wire, mail and bank fraud. In addition, as part of the sentence, the Court ordered Gotterup to pay $2,500,050 in forfeiture.

The New York City Department of Housing Preservation and Development (HPD) and the Department of Health and Mental Hygiene (DOHMH) remind building owners of free federal grants available to correct health hazards in buildings constructed before 1960. The Primary Prevention Program offers grants averaging $10,000 per apartment to support lead paint hazard repair work. Peeling lead paint is the most common cause of lead poisoning in young children.

The New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer and New York City Housing Development Corporation (HDC) President Eric Enderlin today announced the opening of the Housing Connect lottery for 104 affordable apartments at Essex Crossing Site 5 located at 145 Clinton Street in the Lower East Side neighborhood of Manhattan

The New York Power Authority announced today that the opportunity for school districts in New York State to “go solar” will be expedited with the selection of two additional solar power vendors. Schools can reduce their energy costs by participating in Governor Andrew M. Cuomo’s K-Solar initiative, a first-of-its kind program launched in January 2014, to combat climate change by promoting renewable energy use.

Governor Andrew M. Cuomo today announced that a $460 million project to upgrade the Lewiston Pump Generating Plant in Western New York has officially reached the halfway mark. The multi-year plant modernization project allows the New York Power Authority to continue to provide low-cost power to businesses in the region, generating nearly $33 billion in capital investments to the state’s econom

Governor Andrew M. Cuomo today announced $39.2 million in New NY Broadband Program Round II grants have been awarded to 11 projects in the Capital Region. These awards will provide 32,737 homes and businesses with access to high-speed broadband for the first time, and leverage $9.8 million in private matching funds – bringing the total public-private investment in the Capital Region to $49 million in Round II. Through Rounds I and II, the program has driven a total of more than $65 million in public-private investment in high-speed broadband across the region.

The New York City Department of Housing Preservation and Development Commissioner Maria Torres-Springer and New York City Housing Development Corporation President Eric Enderlin announced the opening of the Housing Connect lottery for 120 affordable apartments at Compass Residences 2A, located at 1524 Boone Avenue in the Crotona Park East neighborhood of the Bronx.

Standing with Bayberry Community homeowners in Liverpool, NY, and amidst rising local anxiety about looming changes to tax policy that could hurt homeowners, U.S. Senator Charles E. Schumer today launched a push to preserve popular, but increasingly at-risk tax deductions: the mortgage interest deduction and the state and local property tax deduction

Standing with brand new Long Island homeowners, and amidst rising local anxiety about looming tax proposals, U.S. Senator Charles E. Schumer today launched a push to preserve very popular and essential, but, nevertheless, at-risk tax deductions Long Island homeowners and taxpayers depend upon to keep LI’s high cost of living in-check. Whether new Long Island homeowners, longtime owners, or those looking to buy right now, Schumer explained that locals are in tax jeopardy as newly-confirmed U.S

New York City Economic Development Corporation (NYCEDC) and Manhattan Borough President Gale Brewer today announced that a model of the new Citywide Ferry boats will be on display in the lobby of the Borough President’s office as part of a multi-borough tour. The scale model of the ferry vessel will be docked on the 19th floor of the Manhattan Municipal Building through March 10th.

New York City Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer and New York City Housing Development Corporation (HDC) President Eric Enderlin join Omni New York, Bank of America and other project partners to announce the completion of 655 Morris Avenue, a new construction affordable housing development in the Melrose neighborhood of the Bronx.

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