Albany, NY- April 28, 2009 - (RealEstateRama) — OTDA Commissioner David Hansell joined Schenectady Mayor Brian Stratton and Margaret Anderton, Executive Director of Bethesda House, for a groundbreaking ceremony at the site of the organization’s new Liberty House Apartments project in Schenectady.

New York, NY - May 1, 2009 - (RealEstateRama) — The New York State Banking Department today issued a legal opinion stating that New York lenders are able to participate in the federal Hope for Homeowners program.

Albany, NY - April 23, 2009 - (RealEstateRama) — The New York State Public Service Commission (Commission) and the New York State Energy Research and Development Authority (NYSERDA) announced today that the Low-Income Forum on Energy (LIFE) will hold a series of meetings across the State to help address the challenges and opportunities facing low-income families as they seek affordable energy in the wake of the downturn in the economy.

New York, NY - April 28, 2009 - (RealEstateRama) — CPower (www.cpowered.com), a leading energy management firm, today announced the closing of its Series B round of financing. This $10.68 million investment was led by a new investor in the company, Mayfield Fund, as well as returning investors, including Bessemer Venture Partners, Expansion Capital Partners, Schneider Electric Ventures, New York City Investment Fund and Consensus Business Group.

New York, NY - May 1, 2009 - (RealEstateRama) — The Federal Reserve Bank of New York welcomes today’s implementation of the Treasury Market Practices Group’s (TMPG) recommendation that settlement fails in U.S. Treasury securities transactions be subject to a financial charge when short-term rates are low.

Albany, NY - April 30, 2009 - (RealEstateRama) — Governor David A. Paterson today sent a letter to the members of the New York State Congressional Delegation, urging them to bolster New York’s affordable housing efforts by supporting an increase in the multifamily mortgage loan limits used by the Federal Housing Administration (FHA) in high-cost areas.

Brooklyn, NY - April 28, 2009 - (RealEstateRama) — Benton J. Campbell, United States Attorney for the Eastern District of New York, today announced that Madison Home Equities, Inc., a mortgage lender located in Carle Place, Long Island, and Madison’s president, Nadine Malone, have entered into a consent decree and judgment that permanently enjoins them from making loans insured by the Federal Housing Administration (FHA), an agency of the United States Department of Housing and Urban Development (HUD).

Hauppauge , NY - April 29, 2009 - (RealEstateRama) — Seeking to ease the transition for returning veterans who have served honorably in the Middle East, Suffolk County Executive Steve Levy announced passage of legislation he drafted which provides a preference for returning veterans in the county’s 72-h affordable housing program.

Albany, NY - April 28, 2009 - (RealEstateRama) — State Senator Joe Robach announced today that he has created an online petition on his State Senate website for citizens to register their support for reinstating the STAR Rebate Check Program.

Albany, NY - April 28, 2009 - (RealEstateRama) — Statement from New York State Association of REALTORS President Daniel J. Hartnett: New York’s 56,000 REALTORS today applaud Gov. David A. Paterson for taking a first step towards providing meaningful property tax relief for our state’s homeowners.

New York, NY - April 26, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg, Housing and Urban Development Secretary Shaun Donovan and members of the New York Congressional Delegation today announced selections for New York City Housing Authority (NYCHA) projects that will benefit from $423 million of federal stimulus funding received under the American Recovery and Reinvestment Act (ARRA), which was signed by President Obama in February.

New York, NY - April 27, 2009 - (RealEstateRama) — As the subprime crisis continues to intensify, New York City Comptroller William C. Thompson, Jr. today announced that 4,658 individuals and families have called his Foreclosure Intervention Helpline to ask for help to avoid losing their homes.

Albany, NY- April 24, 2009 - (RealEstateRama) — More than 90 foreclosure prevention counselors and legal service providers gathered today to discuss the progress of their efforts to provide free assistance to troubled homeowners facing default.

Albany, NY - April 22, 2009 - (RealEstateRama) — Assembly Speaker Sheldon Silver, Assembly Housing Committee Chair Vito J. Lopez and Assembly Mitchell-Lama Housing Subcommittee Chair Jonathan L. Bing today announced the passage of a legislative package to preserve thousands of affordable apartments units by strengthening the Mitchell-Lama program.

Albany, NY - April 22, 2009 - (RealEstateRama) — Commissioner VanAmerongen was on hand recently to break ground on Prospect Hill Homes, a quality...

NEW YORK, NY - April 21, 2009 - (RealEstateRama) — The New York City Housing Development Corporation (HDC) Board of Directors today welcomed NYC Department of Housing Preservation and Development Commissioner Rafael E. Cestero as the new HDC Board Chairman and at the meeting approved the nation’s first “recycled” bonds for affordable housing projects in the Bronx and Staten Island.

Albany, NY - April 16, 2009 - (RealEstateRama) — On April 7, Commissioner Deborah VanAmerongen, DHCR staff, and Michael Skrebutenas, Deputy Secretary for Economic Development and Housing, joined Omni Housing Development, LLC, The Wesley Community, and Saratoga Springs Mayor Scott Johnson to break ground on the $18 million rehabilitation of Embury Apartments.

New York, NY - April 14, 2009 - (RealEstateRama) — Governor David A. Paterson today announced the award of $59 million in Neighborhood Stabilization Program (NSP) grants to assist communities affected by the foreclosure and subprime mortgage crises.

New York, NY - April 7, 2009 - (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) today announced two separate Requests for Qualifications (RFQs) for firms to provide construction management services and design services for the $150 million Willets Point Offsite Infrastructure Project, which will connect the 62-acre development site to existing transportation, water and sewage facilities.

New York, NY - April 9, 2009 - (RealEstateRama) — Finance Commissioner Martha E. Stark and Acting Department of Environmental Protection Commissioner Steven Lawitts today...

Albany, NY - April 6, 2009 - (RealEstateRama) — Governor David A. Paterson today announced $253 million in affordable housing grants coming to New York...

Albany, NY - April 1, 2009 - (RealEstateRama) — Assembly Speaker Sheldon Silver and Ways and Means Committee Chair Herman D. Farrell, Jr. today announced that the SFY 2009-2010 budget includes $502 million for the Public Housing Capital Fund to rehabilitate, modernize and develop public housing as well as $141 million for the Homelessness Prevention Program to fund homelessness prevention services on a county-by-county and statewide basis.Silver and Farrell said the state budget restores $48.5 million in critical funds to programs that help community-based organizations preserve and restore housing in depressed areas.

NEW YORK, NY - April 2, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved a $600,000 grant to Home HeadQuarters, Inc. to finance the construction of 15 affordable single-family homes in the City of Syracuse.

NEW YORK, NY - April 2, 2009- (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved a $300,000 grant to the Oswego Housing Development Council, Inc. for the acquisition and rehabilitation of 24 homes in Oswego County.

NEW YORK, NY - Thursday, April 2, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved $1.075 million in grants to the Housing Partnership Development Corporation to create 43 new housing units in New York City.