NYCEDC Seeks Developer For Willoughby Square Project
New York, NY - September 23, 2010 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for a developer to construct an approximately 1.15-acre street-level public space to be located on top of underground parking garage that it will also construct and operate.
New York’s Top Housing Official Announces Consolidation of Housing Agencies to Form Single New...
Albany, NY - September 22, 2010 - (RealEstateRama) -- The State's main housing agencies have been integrated under a single leadership structure to form a new organization well-equipped to respond to the growing need for affordable housing in New York.
New York State Housing Agencies Approve $263 Million in Financings and Awards to Build...
NEW YORK, NY - September 17, 2010 - (RealEstateRama) -- New York State's housing agencies have approved $263.1 million in financings and grants to build and renovate affordable housing, promote business development and create jobs.
Governor Paterson Announces $28 Million in Awards to Not-for-Profit Groups for Important Housing Programs
Albany, NY - September 16, 2010 - (RealEstateRama) -- Governor David A. Paterson today announced 94 awards totaling more than $28 million to not-for-profit housing agencies and local governments across the State that will help to build, rehabilitate or modify 1,472 homes for low-income families, people with disabilities and frail elderly homeowners and tenants.
New Jersey Woman Pleads Guilty to Operating $45 Million Real Estate Investment Ponzi Scheme
NEW YORK, NY - September 14, 2010 - (RealEstateRama) -- Antoinette Hodgson pleaded guilty today to conspiracy to commit wire fraud in connection with her operation of a $45 million Ponzi scheme that fraudulently solicited investments in real estate from more than 20 New York and New Jersey investors, announced Preet Bharara, U.S.
The General Colin L. Powell Apartments, The First Newly Built Multifamily Co-op In Bronx...
Bronx, NY - September 9, 2010 - (RealEstateRama) -- General Colin L. Powell visited his childhood neighborhood in the South Bronx today to welcome families to their new affordable co-op homes in a building named in his honor.
SONYMA Mortgage Rates Reduced to Lowest Level in 40 Years
New York, NY - September 7, 2010 - (RealEstateRama) -- The State of New York Mortgage Agency (SONYMA) is now providing the lowest interest rates ever offered for its two primary programs in the agency's 40-year history.
Banks Meet September First Deadline On Foreclosure Relief
NEW YORK, NY - September 1, 2010 - (RealEstateRama) -- New York City Comptroller John C. Liu today announced that talks have officially begun between his office and five of the City’s largest banks on steps the banks can take to reform the loan modification process, improve customer service and help save more New Yorkers from foreclosure.
Mayor Bloomberg, Senator Schumer, Congressman Serrano, Speaker Quinn and City Housing Officials Cestero and...
New York, NY - September 7, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Senator Charles E. Schumer, Congressman Jose E. Serrano, City Council Speaker Christine C. Quinn, New York City Department of Housing Preservation and Development Commissioner Rafael E. Cestero and New York City Housing Development Corporation President Marc Jahr today announced a plan to improve conditions at 1520 Sedgwick Avenue in the South Bronx
Schumer Announces Nearly $2 Million Coming To Jamestown In Housing Grants
Washington D.C. - August 30, 2010 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer announced that the City of Jamestown has been awarded $1,940,046 in housing grants from the U.S. Department of Housing and Urban Development (HUD).
Real Estate Attorney and Loan Officer Found Guilty in Multi-Million-Dollar Mortgage Fraud Scheme at...
New York, NY - August 27, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that RAVI PERSAUD,
Governor Paterson Announces $119 Million in Statewide Housing and Community Revitalization Awards
Albany, NY - August 27, 2010 - (RealEstateRama) -- Governor David A. Paterson today announced $119 million in housing and community renewal awards to help communities across the State develop affordable housing, revitalize downtowns, and upgrade water and sewer systems.
Mayor Ryan, Binghamton Housing Authority and Community Partners Cut the Ribbon on New 8-Unit,...
BINGHAMTON, NY - August 26, 2010 - (RealEstateRama) -- Mayor Matt Ryan today joined Binghamton Housing Authority Executive Director David Tanenhaus and community partners to cut the ribbon on a new eight-unit, handicap accessible, energy efficient, affordable housing project at 4-6 Lisle Avenue.
Redefault Rates on Loan Modifications Actually Improving, Says State Foreclosure Prevention Working Group
New York, NY - August 24, 2010 - (RealEstateRama) -- While the number of foreclosures continues to seriously outpace the number of loan modifications being made, there are reasons to be optimistic about the performance of those loan modifications. According to a report issued today by the State Foreclosure Prevention Working Group, recent loan modifications are performing better than modifications made earlier in the mortgage crisis.
Senate Bill Guaranteeing Protections for Tenants of Foreclosed Buildings Signed into Law
New York, NY - August 19, 2010 - (RealEstateRama) -- Senator Andrea Stewart-Cousins (35th District – D/WF) announced that a new law guaranteeing greater protections (S7139) for tenants of buildings in foreclosure has been signed into law.
Construction Begins on 35-Unit Senior Citizen Development in South Buffalo
Albany, NY - August 18, 2010 - (RealEstateRama) -- Buffalo Regional Office Director, Tom VanNortwick, was on hand recently to help break ground on Holy Family Senior Apartments in South Buffalo.
Schumer Proposal Would Allow HUD To Increase the Size of Loans Guaranteed by FHA...
WASHINGTON, DC - August 4, 2010 - (RealEstateRama) -- Sen. Charles E. Schumer (D-NY) introduced legislation today that would increase the access to Federal Housing Administration (FHA) loan guarantees for mutli-family housing developments, by raising the cost per unit that FHA will insure for high-cost areas like New York.
Rocky Glen Helps Fill Affordable Housing Need in Dutchess County
Albany, NY - July 21, 2010 - (RealEstateRama) -- The Views at Rocky Glen in the Town of Fishkill officially opened recently when DHCR...
Lowey Visits Leading Solar Energy Company
PORT CHESTER, NY - July 19, 2010 - (RealEstateRama) -- Congresswoman Nita Lowey (D-Westchester/Rockland) today visited the headquarters of Mercury Solar Systems, one of the leading solar integrators on the East Coast, to promote state and federal investments in clean, renewable energy.
Community Development Agreement Will Invest $10 Million in Buffalo’s Commercial Districts
BUFFALO, NY - July 19, 2010 - (RealEstateRama) -- Mayor Byron W. Brown today was joined by Congressman Brian Higgins, and Jordan Levy and Larry Quinn of the Erie Canal Harbor Development Corporation to announce a community development agreement that will bring investment and job creation to the city’s emerging waterfront and its traditional neighborhood commercial districts.
Engel Announces $10.7 Million For Hebrew Home Seniors
Washington, DC - July 16, 2010 - (RealEstateRama) -- Congressman Eliot Engel announced federal grants of $10,748,900 for the Hebrew Home for a substantial rehabilitation of Hudson House on Johnson Avenue to create 59 one-bedroom apartments for low-income seniors.
New York State Approves $18.4 Million in Grants and Financings for Affordable Housing, Economic...
NEW YORK CITY, NY - July 15, 2010 - (RealEstateRama) -- New York State's housing agencies today approved $18.4 million in grants and financings to build and renovate affordable housing, help businesses grow and create jobs, and assist homeowners at risk of foreclosure.
Brooklyn’s Broadway Stages Goes Green with Solar Energy Project
Albany, NY - June 15, 2010 - (RealEstateRama) -- The New York State Energy Research and Development Authority (NYSERDA) is partnering with Broadway Stages in Brooklyn, one of New York’s premier sound stage facilities, on a solar energy project that will reduce the film stage’s energy costs by more than $70,000 annually.
Towns’ Statement on Public/Private Partnership that Will Bring Affordable Housing to Brooklyn
BROOKLYN, NY - July 13, 2010 - (RealEstateRama) -- U.S. Rep. Edolphus “Ed” Towns (NY-10) issued the following statement today, applauding Goldman Sachs’ partnership with Mayor Bloomberg, New York City agencies, developers and Carver Bank that will create a 105 unit apartment and retail complex in Bedford-Stuyvesant, Brooklyn:
Rep. Engel Announces $3.4 Million HUD Grants For Rockland County Housing
Washington, DC - July 13, 2010 - (RealEstateRama) -- Congressman Eliot Engel (D-NY-17) announced three U.S. Housing and Urban Development (HUD) grants for Rockland County
