New York State’s Housing Finance Agencies Again Rank as the Country’s Largest Provider of...
New York, NY - February 2, 2010 - (RealEstateRama) -- New York State's housing finance agencies, for the third year in a row, led the country in financing multifamily and single-family affordable housing in 2009.
Schumer, Gillibrand, Nadler Seek HUD Mortgage Assistance To Help Keep St. Vincent’s Doors Open
New York, NY - February 1, 2010 - (RealEstateRama) -- With St. Vincent’s Hospital on the brink of bankruptcy, U.S. Senators Chuck Schumer and Kirsten Gillibrand and Congressman Jerrold Nadler (D-Manhattan) urged the U.S. Department of Housing and Urban Development (HUD) to help the only Level-1 trauma center serving neighborhoods from Midtown to Downtown stave off closure.
NYS Affordable Housing Corporation and SONYMA Approve $38.9 Million in Funding to Preserve 296...
NEW YORK, NY - January 28, 2010 - (RealEstateRama) -- The boards of the New York State Affordable Housing Corporation (AHC) and the State of New York Mortgage Agency (SONYMA) today approved $38.9 million in grants and mortgage insurance commitments to preserve 296 units of housing in New York State.
FHA and Ginnie Mae take action against TopDot Mortgage
WASHINGTON, DC - January 25, 2010 - (RealEstateRama) -- The Federal Housing Administration’s Mortgagee Review Board (MRB) today immediately and permanently withdrew the FHA approval of Premium Capital Funding, LLC, a Jericho, New York-based lender doing business as TopDot Mortgage.
Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage...
New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages.
State of New York Mortgage Agency Approves $37.5 million Insurance
NEW YORK, NY - January 28, 2010 - (RealEstateRama) -- The board of the State of New York Mortgage Agency (SONYMA) today approved a commitment to insure a $37.5 million mortgage on a 144-unit apartment building in Brooklyn that was originally built to be sold as condominium units.
NYSERDA Joins Businesses to Showcase Ways Homeowners Can Save Energy and Money with Alternative...
Albany, NY - January 28, 2010 - (RealEstateRama) -- It’s never been easier to find out how to cut your energy costs and make your home more environmentally friendly than at this year’s Great Northeast Home Show.
Senators Stachowski, Klein and Thompson Unveil Comprehensive Foreclosure Law in Buffalo
NEW YORK, NY - January 27, 2010 - (RealEstateRama) -- Senator Jeff Klein (D-34th Senate District), Senator William Stachowski (D-58th Senate District) and Senator Antoine Thompson (D-60th Senate District) were joined by officials from the Town of Cheektowaga and City of Buffalo
Harlem Receives First ‘Green Retrofit’ Housing Stimulus Award
Congressman Rangel Hails Funding for Energy-Efficiency Renovations on 135th Street Multi-Family Housing Project.
Washington, DC - January 25, 2010 - (RealEstateRama) -- Congressman Charles Rangel...
Enterprise, Chase, United Fund Advisors invest $22.3 Million NMTC in Harrison Circle Building at...
COLUMBIA, Md. - January 19, 2010 - (RealEstateRama) -- Enterprise Community Investment, Inc. (Enterprise), a national leader in affordable housing and community development, and National Community Fund I, LLC, an affiliate of United Fund Advisors, LLC, recently closed on a $22.3 million New Markets Tax Credit (NMTC) transaction.
IBM Helps Community Preservation Corporation Tackle Housing Demands
NEW YORK, NY - January 13, 2010 - (RealEstateRama) -- The Community Preservation Corporation (CPC), a New York-based nonprofit that helps finance and develop multi-family housing in the metropolitan area, today announced it is working with IBM (NYSE: IBM) to manage its technology infrastructure and loan processing applications, helping CPC increase processing speed and efficiency, minimize human latency and improve quality and reliability.
Public Advocate de Blasio Calls for Changes to City Homeless Policies
NEW YORK, NY - January 19, 2010 - (RealEstateRama) -- Public Advocate Bill de Blasio today held a press conference with advocates calling for changes to the City’s approach to homelessness.
Manhattan U.S. Attorney Charges President of Home Free Realty Inc. with Stealing $1.5 Million...
New York, NY - January 14, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST, JR., the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI"),
Mayor Bloomberg Announces New York City to Receive More Than $20 Million in Stimulus...
New York, NY - January 14, 2010 - (RealEstateRama) -- Mayor Michael R. Bloomberg announced today that the U.S. Department of Housing and Urban Development (HUD) has awarded more than $20 million in Recovery Act funding to the New York City Department of Housing Preservation and Development under HUD's Neighborhood Stabilization Program 2.
Schumer Announces Over $5 Million In Hud Money For Community Housing Coalition To Rehabilitate...
Washington, DC - January 14, 2010 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer announced that Community Builders in Albany has been awarded $5,521,006 through the Department of Housing and Urban Development’s Neighborhood Stabilization Program.
HUD awards almost $500,000 to help public housing residents obtain jobs, economic independence
NEW YORK, NY - January 12, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $467,177 to nine public housing authorities to help public housing residents find jobs that lead them toward economic independence. (Please see a listing of New York grantees below.)
Congressman Tonko Announces Funding To Help Cohoes, Schenectady And Troy Housing Authorities Hire Workers
ALBANY, N.Y. - January 12, 2010 - (RealEstateRama) -- Congressman Paul Tonko today announces the Housing and Urban Development’s (HUD) release of funding for the Family Self Sufficiency Program.
Congressman Higgins Encourages Residents to Take Advantage of Homebuyer Tax Credit
Washington, DC - January 7, 2010 - (RealEstateRama) -- Congressman Brian Higgins (NY-27) joined Bonnie Saletta, President of Midtown Realty in Fredonia, NY and other local realtors to remind residents about the opportunity to receive up to an $8,000 tax credit with the purchase of a home.
Governor Reaffirms Commitment to Affordable Housing
Albany, NY - January 7, 2010 - (RealEstateRama) -- Governor David A. Paterson once again demonstrated his commitment to affordable housing and community revitalization by proposing the "Sustainable Neighborhoods" program in his State of the State address.
Commissioner Delivers Testimony to Assembly Housing Committee
Albany, NY - January 4, 2010 - (RealEstateRama) -- Commissioner VanAmerongen recently testified before the State Assembly Housing Committee, providing information on DHCR's accomplishments during the last 12 months as well as the challenges the agency will face in the coming year.
NYCEDC Seeks Developer for Industrial Building in Sunset Park
New York, NY - December 28, 2009 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today issued a Request for Proposals (RFP) for the disposition and development of a vacant 1.1 million-square-foot warehouse building, known as Federal Building #2, in the vibrant industrial waterfront area of Sunset Park, Brooklyn.
Starrett City Refinancing Completed; Complex Will Remain Affordable for Another 30 Years
Albany, NY - December 28, 2009 - (RealEstateRama) -- State Housing Commissioner Deborah VanAmerongen announced that refinancing has been finalized at the 5,881-unit Starrett City housing complex in Brooklyn, the largest publicly assisted affordable housing complex in the nation.
Rep. Israel Joins with Veterans Leaders to Announce Historic Federal Investment to Help Homeless...
Bay Shore, NY - December 23, 2009 - (RealEstateRama) -- On Wednesday, Rep. Steve Israel (D – Huntington) joined the directors of two homeless veterans organizations on Long Island – Frank Amalfitano, President of the United Veterans Beacon House and Gregory Curran, Northport VAMC’s Homeless Veterans Coordinator – to announce the largest federal investment to date to help homeless veterans.
Governor Paterson Announces State Approval of $665 Million Sale in Housing Bonds to the...
New York, NY - December 18, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that New York State has approved the sale of $665.2 million in housing bonds to the federal government that will lower the cost of borrowing for first-time homebuyers and developers of affordable multifamily rental apartments.
Rep. Israel Announces $200,000 in New Federal Funding to Prevent Home Foreclosure in Central...
Central Islip, NY - December 17, 2009 - (RealEstateRama) -- On Thursday, Rep. Steve Israel announced $200,000 in new federal funding for the Central Islip Neighborhood Stabilization Project, a program that prevents foreclosures with aggressive community outreach and rehabilitates vacant homes to sell to first-time home buyers.
