According to a new report, becoming a homeowner in New York City’s real estate market is a considerable challenge for the vast majority of New York City households—including those earning up to six figures—due to the city’s severely constrained supply of affordable home-buying opportunities. And homeownership prospects do not necessarily improve by moving out of the city to the surrounding New York suburbs.

Mayor Bill de Blasio, Attorney General Eric T. Schneiderman, the Department of Housing Preservation and Development (HPD), the Housing Development Corporation (HDC), the Department of Veterans’ Services, and other City and State officials join The Bridge and their development partners to announce the start of construction on the Melrose Commons Supportive Housing development in the Bronx. Located at 425 East 161st Street, the new building will provide permanent supportive housing for 58 homeless adults with special needs, with a preference for veterans

The Federal Reserve Bank of New York today issuedRegional Household Debt and Credit Snapshots, which examine borrowing and indebtedness trends throughout the Federal Reserve’s Second District, and are analogous to the national Quarterly Report on Household Debt and Credit. They include data about mortgages, home equity lines, student loans, credit cards, auto loans, and delinquencies for New York City and each of its boroughs, as well as metro areas throughout New York State, northern New Jersey, and western Connecticut.

The workers at Acadia Realty Trust’s CityPoint Brooklyn residential building help make the building home for tenants and are proud to be part of the community but Acadia uses a contractor called Kent Services that employs the workers at CityPoint at substandard wages– in fact workers just next door make almost 50% more than they do

Members of 32BJ SEIU, the nation’s largest property services union, have voted to endorse State Representative Terry Adams in Stamford for the Democratic Primary on August 9 — a vote they will support with volunteer canvassing work through next Tuesday’s primary.

New York City Economic Development Corporation (NYCEDC) today announced that it will partner with The Doe Fund to expand its Quality of Life (QOL) program, which will employ formerly homeless, formerly incarcerated and low-income individuals to work on a range of City-led initiatives

Following is a statement from Sean Gallagher, vice president of state affairs at the Solar Energy Industries Association (SEIA), on the New York Public Service Commission's approval of a 50 percent Clean Energy Standard by 2030

New York State Homes and Community Renewal (HCR) announced that the Housing Trust Fund Corporation (HTFC) approved a $154,868 grant to the Utica Municipal Housing Authority in Oneida County for completion of essential security enhancements at the 93-unit Chancellor Apartments at 417 Bleecker Street. The HTFC Board awarded the funds under the Public Housing Modernization Drug Elimination program.

A brief released today by the NYU Furman Center describes the process of tax lien sales in New York City, which affected over 15,000 properties and roughly 43,600 residential units between 2010 and 2015.

Mayor Bill de Blasio today announced that his administration secured 23,284 affordable apartments and homes during Fiscal Year 2016, the second highest production in New York City history and the most since Ed Koch was mayor.

The New York Power Authority Board of Trustees approved on Tuesday funding awards under the Power Authority’s Western New York Power Proceeds program and a hydropower allocation to a Niagara firm. Those actions are expected to lead to capital investments of more than $3.6 million and support 53 jobs, including 38 new positions

Mayor Bill de Blasio today announced that his administration secured 23,284 affordable apartments and homes during Fiscal Year 2016, the second highest production in New York City history and the most since Ed Koch was mayor.

The New York Power Authority Board of Trustees today approved a low-cost hydropower allocation to Roth Industries in Jefferson County that will allow the manufacturer to begin an expansion project at its Watertown facility, creating eight new jobs and $6.7 million in capital investments

RoAnn M. Destito, New York State Office of General Services Commissioner today announced bidding for eleven construction contracts listed below by county. Firms interested in additional information or to acquire bid documents should visit the OGS website

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.

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced that Long Island MacArthur Airport is receiving a $5,880,437 U.S. Department of Transportation (DOT) Federal Aviation Administration (FAA) grant to construct an Aircraft Rescue and Firefighting Building.

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced that Long Island MacArthur Airport is receiving a $5,880,437 U.S. Department of Transportation (DOT) Federal Aviation Administration (FAA) grant to construct an Aircraft Rescue and Firefighting Building

A webcast on the request for proposals (RFP) that has been issued by the New York State Office of General Services (OGS) for the purchase and development of 27 acres of prime real estate in the Governor W. Averell Harriman State Office Campus in Albany will be held on Wednesday, July 27 at 11:00 a.m.

Ulster County Executive Mike Hein visited Karina Dresses in uptown Kingston, a business that recently relocated from Brooklyn, to announce the launch of two advertising campaigns by the Ulster County Economic Development Alliance focused on promoting Ulster County as the ideal place to live and develop and grow business in today’s always connected economy.

Driven by a very strong second quarter, home sales were up by 15.4 percent though the first six months of 2016 compared to the first half of 2015, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price increased by 2.2 percent compared to a year ago at the end of the June

Rochester’s Cornerstone Group, Ltd., New York State Homes and Community Renewal, PathStone Corporation, Community Preservation Corporation, and partners today announced the opening of Long Pond Senior Housing, the first phase of a 120-unit housing development in the Town of Greece that provides 54 one and two-bedroom apartments with support services to help income-eligible and frail seniors remain independent.

The New York City Economic Development Corporation (NYCEDC), in partnership with the Department of Housing and Preservation (HPD), is releasing a request for expressions of interest (RFEI) for the long-term lease and redevelopment of an approximately 158,000 square foot site along the Harlem River in the South Bronx. The site is currently vacant and represents a unique opportunity to create an iconic gateway for the southwest Bronx, connect residents to the Harlem River waterfront, and support the growth of the Lower Concourse neighborhood. 

The U.S. Department of Housing and Urban Development (HUD) today awarded $5.4 million to help New York families living in public housing and those participating in HUD’s Housing Choice Voucher Program connect with services to further their education, find good jobs, and to set them on a path to self-sufficiency. The award is part of a larger $75 million announcement nationwide. Read more about the local impact of the grants announced today.

RoAnn M. Destito, New York State Office of General Services Commissioner today announced bidding for nine construction contracts listed below by county

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.