New York, NY - June 24, 2009 - (RealEstateRama) - New York City Comptroller William C. Thompson, Jr. submitted testimony today to the City Council’s General Welfare Committee regarding the Department of Homeless Services’ Family Income Contribution Requirement and Client Conduct and Responsibility Procedure, which was designed to charge homeless New Yorkers rent to stay in City shelters.

New York, NY - June 22, 2009 - (RealEstateRama) - New York City Economic Development Corporation (NYCEDC) has issued a Request for Proposals (RFP) seeking development for an approximately 100,000-square-foot site in the Castle Hill section of the Bronx. NYCEDC is looking for a developer to acquire and redevelop the site for industrial uses.

Washington, DC - June 22, 2009 - (RealEstateRama) – Today, U.S. Senator Charles E. Schumer and Kings County District Attorney Charles J. Hynes announced that the Kings County Mortgage Fraud and Real Estate Crimes Unit has led to the indictment of eight individuals and the opening of more than 80 cases.

Albany, NY - June 22, 2009 - (RealEstateRama) - Commissioner VanAmerongen was on hand recently to celebrate the groundbreaking of Canal Village Apartments in the City of Rome. The development of eleven buildings with 33 affordable housing units is the first step of a major revitalization effort of the South Rome neighborhood.

WASHINGTON, DC - June 17, 2009 - (RealEstateRama) - U.S. Senator Charles E. Schumer today revealed that current tax rules are costing the approximately 800,000 Upstate New York homeowners who do not itemize their taxes up to $415 million per year or more.

Albany, NY - June 17, 2009 - (RealEstateRama) - State Office of Temporary and Disability Assistance (OTDA) Commissioner David A. Hansell recently announced $80 million in funding for housing programming for residents of New York State at the Supportive Housing Network of NY’s 9th Annual New York State Supporting Housing Conference in New York City.

WASHINGTON, DC - June 16, 2009 - (RealEstateRama) – Rep. Carolyn B. Maloney (D-NY) hailed House passage of H.R.1647, which provides the nonprofit subsidiary of the National Cooperative Bank, NCB Capital Impact, with the designation as a Community Development Financial Institution.

New York, NY - June 16, 2009 - (RealEstateRama) - New York City Economic Development Corporation (NYCEDC) announced that it closed on the sale of a 10,000-square-foot parcel of City-owned land to Comfort Bedding, a mattress manufacturer based in Brownsville, Brooklyn.

New York, NY - June 16, 2009 - (RealEstateRama) — The Federal Reserve created the Term Asset-Backed Securities Loan Facility (TALF), to help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities (ABS) collateralized by auto loans, student loans, credit card loans, equipment loans, floorplan loans, insurance premium finance loans, loans guaranteed by the Small Business Administration, residential mortgage servicing advances, or commercial mortgage loans.

Smithtown, NY - June 16, 2009 - (RealEstateRama) — New York State Office of General Services (OGS) Commissioner John C. Egan, New York State Energy Research and Development Authority (NYSERDA) President and Chief Executive Officer Francis J. Murray Jr., New York Power Authority (NYPA) President and Chief Executive Officer Richard M. Kessel, Long Island Power Authority (LIPA) President and Chief Executive Officer Kevin S. Law, and State Senator John Flanagan recently unveiled a new 200-kilowatt fuel cell.

Yonkers, NY - June 15, 2009 - (RealEstateRama) – Continuing in his mission to expand the amount of quality, affordable housing for hardworking Yonkers residents, Mayor Philip A. Amicone, chairman of the Yonkers Industrial Development Agency (IDA), joined the CEO of L+M Development Partners Inc., Ron Moelis, in a ceremony marking the start of construction on the $54.5 million 330 Riverdale Avenue affordable housing complex located in the heart of the city's Ludlow neighborhood.

WASHINGTON D.C. - June 12, 2009 - (RealEstateRama) — U.S. Senator Charles E. Schumer today announced that Chautauqua Home Rehabilitation and Improvement Corporation of Jamestown will receive a YouthBuild grant in the amount of $402,532 from the United States Department of Labor.

NEW YORK, NY - June 9, 2009 - (RealEstateRama) – The New York City Housing Development Corporation (HDC) approved $378 million in Multi-Family Revenue...

New York, NY - June 11, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg today announced a new public campaign to encourage more New Yorkers to get the free legal assistance, mortgage counseling and education services that are available through the Center for NYC Neighborhood network of providers. While the program has been effective for those who have taken advantage of it, many New Yorkers who have suffered foreclosure filings have not sought the free help. The campaign will urge New Yorkers to call 311 and will highlight the confidentiality of the services.

New York, NY - June 10, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg today announced the creation of the Recovery Zone Facility Bond Program to provide financial assistance to commercial and industrial projects in all five boroughs that are unable to get traditional financing due to current economic conditions.

NEW YORK, NY- June 10, 2009 - (RealEstateRama) – The New York City Housing Development Corporation (HDC), the New York City Department of Housing Preservation and Development (HPD) and Bronx Pro Real Estate Management completed financing for 850 Jennings Street, an eight-story affordable rental apartment building to be constructed in the Crotona Park East section of the Bronx.

NEW YORK, NY - June 9, 2009 - (RealEstateRama) – The Board of Directors of the New York City Housing Development Corporation (HDC) approved $55.5 in tax-exempt Multi-family Housing Revenue Bonds for two affordable housing projects; one new construction in Manhattan and the other a large-scale refinancing and renovation project in Queens.

Washington D.C. - June 10, 2009 - (RealEstateRama) — U.S. Senator Charles E. Schumer today revealed that there are nearly 12,000 homeless veterans living in Upstate New York, and that the problem will likely worsen in the coming years as soldiers from Iraq and Afghanistan return home and recent veterans continue to struggle with untreated mental health and substance abuse problems.

NEW YORK, NY - June 9, 2009 - (RealEstateRama) — Attorney General Andrew M. Cuomo today announced his office is taking legal action against a leading New York foreclosure rescue company for charging illegal up-front fees and engaging in consumer fraud.

New York, NY - June 4, 2009 - (RealEstateRama) — LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, announced that ALEKSANDER LIPKIN, a/k/a "Alex," GARRI ZHIGUN, GALINA ZHIGUN, JOSEPH PAPERNY, FAINA PETROVSKAYA, JOHN GELIN, TOMER SINAI, and DANIEL MIKHLIN were each sentenced by United States District Judge RICHARD J. HOLWELL

NEW YORK, NY - June 5, 2009 - (RealEstateRama) — New York State today announced that Catholic Charities Progress of Peoples Development Corporation has been chosen to buy and develop the Bernard Fineson Developmental Disabilities Senior Office site in Howard Beach, Queens, into low- and moderate-income senior housing.

NEW YORK, NY - June 4, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved $4.965 million in grants to finance the acquisition and renovation of 378 units of affordable housing throughout New York State.

NEW YORK, NY - June 4, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved $700,000 in grants to finance renovations for 50 housing units in Cheektowaga and Lackawanna in Erie County.

NEW YORK, NY - June 4, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved $2.27 million in grants to two nonprofit organizations to help acquire and rehabilitate 96 affordable homes on Long Island.

NEW YORK, NY - June 4, 2009 - (RealEstateRama) — The board of the New York State Affordable Housing Corporation (AHC) today approved $900,000 in grants to renovate 114 homes in the Southern Tier.