New York RealEstateRama

Washington, D.C. - August 10, 2009 - (RealEstateRama) -- Congressman Eliot Engel announced that Rockland County was awarded three housing grants totaling $3,273,306 from the U.S. Department of Housing and Urban Development (HUD).

Albany, NY - August 7, 2009 - (RealEstateRama) -- The new Birchez at Esopus affordable housing development for seniors was the site of a recent forum aimed at encouraging local investment in affordable housing through the new Upstate Equity Fund. Bankers, developers, and local officials, including Congressman Maurice Hinchey and Ulster Town Supervisor Nicky Woerner, gathered to learn about the benefits of the Low Income Housing Tax Credit (LIHC) Program and the need for local investment in affordable housing.

Combined Rural Development Recovery Act Funding in New York Now Exceeds $120 Million. SYRACUSE, N.Y. - August 10, 2009 - (RealEstateRama) -- The U.S. Department of Agriculture has announced that the number of home loans funded through the American Reinvestment and Recovery Act (ARRA) has now exceeded 50,000. The announcement was made yesterday in Washington, D.C. by Agriculture Deputy Secretary Kathleen Merrigan.

Albany, NY - August 10, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that New York will offer a federal income tax credit to first-time homebuyers to encourage home sales in the State. The New York State Mortgage Credit Certificate (MCC) will enable first-time homebuyers to claim a tax credit equal to 20% of their annual mortgage interest costs, potentially saving the average homebuyer about $1,500 each year.

Vestal, NY - August 10, 2009 - (RealEstateRama) -- Congressman Maurice Hinchey (D-NY) today visited Binghamton University to announce that he's secured a new $5 million federal investment to further establish the school as a leader in solar energy research and development.

Agreement seen as a national model for inclusive, diverse and sustainable communities. WASHINGTON, DC - August 10, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development and the U.S. Department of Justice today announced a historic civil rights settlement with Westchester County, New York. The landmark agreement will result in the construction of 750 units of affordable housing in neighborhoods with small minority populations; will remove existing impediments to fair and affordable housing; and will require the County to take active steps to ensure its housing and development practices are fair to families without regard to their race or ethnicity

New York, NY - August 6, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today issued an audit finding that the city’s Department of Housing Preservation and Development (HPD)’s Cornerstone Program, which is supposed to provide affordable housing to qualified New Yorkers, has provided a relatively small percentage of the completed housing units to low-income families.

New York, NY - August 5, 2009 - (RealEstateRama) -- Mayor Michael R. Bloomberg and New York City Housing Authority (NYCHA) Chairman John B. Rhea today unveiled NYCHA's new energy efficiency demonstration project at the Castle Hill Houses in the Bronx. By 2011, it will lower energy usage by 2.25 million kilowatt hours of electricity a year, reduce carbon emissions by more than 4,900 tons annually, and save $1.2 million a year.

NEW YORK, NY - August 4, 2009 - (RealEstateRama) -- Deputy Mayor Robert Lieber, joined by New York City Housing Development Corporation (HDC) President Marc Jahr, New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero and Neil Weissman of the Jackson Development Group celebrated the groundbreaking of St. Ann’s Terrace, a 600 unit mixed-income development in the Melrose section of the Bronx and the first in the nation to use recycled bonds.

New-build hotel near Times Square is the first of its kind in Manhattan, providing guests with an "apartment experience" at an attractive price in a prime location. ATLANTA, GA - August 5, 2009 - (RealEstateRama) -- Start spreading the news - Candlewood Suites has arrived in New York City. As the city's first midscale extended-stay hotel, the Candlewood Suites is bringing a full-scale apartment experience at a midscale hotel price to business and leisure travelers at a prime location just one block from Times Square.

New York, NY - August 1, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today expressed his outrage over unsafe conditions at seven buildings that house homeless families - Aladdin Hotel in Manhattan and six Pilgrim Icahn cluster site buildings in the Bronx.

Washington, DC - July 30, 2009 - (RealEstateRama) -- Today, U.S. Senator Charles E. Schumer announced that the Department of Transportation and Housing, and Urban Development (THUD) Appropriations Subcommittee has approved $1 million to the Rockland Housing Action Coalition for the purpose of building and operating permanent, supportive housing for disabled veterans and their families at Camp Shanks.

New York, N.Y. - July 29, 2009 - (RealEstateRama) -- The New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the second quarter ending June 30, 2009. According to RealtyTrac there were foreclosure filings on 13,664 properties in New York during the second quarter, representing a 15 percent decrease compared to the second quarter of last year and a 24 percent increase over the previous quarter

Albany, NY - July 29, 2009 - (RealEstateRama) -- Governor David A. Paterson signed into law legislation that will extend affordable housing for another 30 years to the tenants of the 5,881-unit Starrett City housing complex in Brooklyn – the nation’s largest publicly assisted affordable housing complex.

Albany, NY - July 28, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced the award of $30 million in affordable housing grants through the American Recovery and Reinvestment Act (ARRA).

Albany, NY - July 24, 2009 - (RealEstateRama) -- Commissioner VanAmerongen participated in the third annual Patterns for Progress Housing the Hudson Valley Conference, held recently at Marist College in Poughkeepsie. Residents, community leaders, bankers, and real estate professionals gathered for a discussion of housing issues facing the Hudson Valley.

WASHINGTON, D.C. - July 23, 2009 - (RealEstateRama) -- Rep. Paul Tonko (NY-21) joined the House of Representatives Thursday in approving the Department of Transportation, and Housing and Urban Development Appropriations Act, 2010, which builds on the Recovery Act to make smart investments that will provide short-term help in the form of housing and jobs to those hurt most by the economic downturn, and long-term solutions like highway and public transit improvements to put our economy on sound footing for the future.

New York, NY - July 27, 2009 - (RealEstateRama) -- The New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the second quarter ending June 30, 2009. According to RealtyTrac there were foreclosure filings on 13,664 properties in New York during the second quarter, representing a 15 percent decrease compared to the second quarter of last year and a 24 percent increase over the previous quarter.

NEW YORK, NY - July 14, 2009 - (RealEstateRama) -- 545 Madison Avenue, a 17-story, class-A building in the Plaza District that stands as one of New York City's “greenest” new office towers, was highlighted as a model of sustainability at a recent “Retrofitting Commercial Buildings to be Green” conference sponsored by the Urban Land Institute in Washington, D.C.

WASHINGTON, DC - July 27, 2009 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that it has charged Sunrise Villas, LLC, with housing discrimination for allegedly refusing to allow residents at its Long Island, NY, age 55-and-over housing complex to have service animals that assist persons with disabilities.

New York, NY - July 22, 2009 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Governor David A. Paterson, Assembly Speaker Sheldon Silver, Eli Lilly and Company CEO Dr. John C. Lechleiter and Alexandria Real Estate Equities CEO Joel S. Marcus today announced ImClone will locate its research headquarters at New York City’s new Alexandria Center for Science and Technology at the East River Science Park.

Albany, NY - July 23, 2009 - (RealEstateRama) -- The New York State housing market continued to show positive sales growth as the second quarter came to a close, fueled by a 30-percent increase in statewide sales between May and June, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS. Statewide existing single-family sales also posted a 55-percent increase in the 2009 second quarter compared to the first three months of the year.

Manhattan, NY - July 22, 2009 - (RealEstateRama) -- New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael Cestero together with New York City Housing Development Corporation (HDC) President Marc Jahr, Artimus Construction Principal Robert Ezrapour and Citi National Director, North America Community Relations, Gina Doynow today announced the completion of Susan’s Court, a 125-unit mixed-income housing development in Central Harlem.

New York, NY - July 22, 2009 - (RealEstateRama) -- Mayor Michael R. Bloomberg, Governor David A. Paterson, Assembly Speaker Sheldon Silver, Eli Lilly and Company CEO Dr. John C. Lechleiter and Alexandria Real Estate Equities CEO Joel S. Marcus today announced ImClone will locate its research headquarters at New York City’s new Alexandria Center for Science and Technology at the East River Science Park.

Albany, NY - July 21, 2009 - (RealEstateRama) -- New York State Department of Taxation and Finance Acting Commissioner Jamie Woodward announced today that a Spencerport man who conducts seminars across the United States and Canada in commercial real estate investing faces five felony counts for failing to file state personal income tax returns for seven consecutive years.