New York RealEstateRama

NEW YORK, NY - July 8, 2009 - (RealEstateRama) – The average sale price of a home in New York City -- which includes cooperatives, condominiums and one-to-three family dwellings -- dropped 22 percent to $644,000 in the second quarter of 2009, according to a report released today by ResidentialNYC.com, the real estate listings Web site of The Real Estate Board of New York (REBNY).

New York, NY - July 8, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg and City Council Speaker Christine C. Quinn today announced a $20 million pilot program to turn unsold condominiums, unrented apartments and stalled construction sites into affordable housing opportunities for moderate- and middle-income families.

Hauppauge , NY - July 6, 2009 - (RealEstateRama) -- Following up on the success of last year’s event – in which over 500 homeless individuals were connected with vital human services in one location on one day -- Suffolk County Executive Steve Levy announced that the second annual “Stand Up for the Homeless” will be held August 5 at St. Joseph’s College in Patchogue.

New York, NY - July 1, 2009 - (RealEstateRama) — The Federal Reserve Bank of New York today released Below the Line: Estimates of Negative Equity among Nonprime Mortgage Borrowers, a new forthcoming article in the Bank’s Economic Policy Review series.

Syracuse, NY - July 2, 2009 - (RealEstateRama) — The New York State Energy Research and Development Authority (NYSERDA) today announced an award of $1.5 million to the Center for Clean Tech Entrepreneurship at the Tech Garden to establish a clean energy business incubator program that will provide business support to accelerate the successful development of early-stage, clean energy technology companies in Central Upstate New York.

Albany, NY - July 2, 2009 - (RealEstateRama) – Governor David A. Paterson and Senator Andrea Stewart-Cousins today announced the awarding of funds for critical affordable housing initiatives in Westchester County, including those for senior citizens and disabled New Yorkers.

New York, NY - June 30, 2009 - (RealEstateRama) -- The Board of the New York City Industrial Development Agency (NYCIDA) has approved a sales and real estate tax incentive package that will help Boundary Fence & Railing Systems Inc. to expand its operations in Richmond Hills, Queens.

UNIONDALE, NY - June 29, 2009 - (RealEstateRama) - Joined by Nassau County Executive Tom Suozzi, Hempstead Supervisor Kate Murray, and Islanders owner Charles Wang, U.S. Senator Charles E. Schumer today announced his support for the Lighthouse redevelopment project and said that he will push to secure federal transportation funding to upgrade and expand the transportation infrastructure essential for the project's success.

New York, NY - June 25, 2009 - (RealEstateRama) - Deputy Mayor for Economic Development Robert C. Lieber and New York Economic Development Corporation President Seth W. Pinsky (NYCEDC) today announced the grand opening of the first phase of the Mount Hope Community Center located at 55 Townsend Avenue in the Bronx.

NEW YORK, NY - June 25, 2009 - (RealEstateRama) – Today the New York City Housing Development Corporation (HDC) and West Harlem Group Assistance, Inc. (WHGA), a 39-year-old Community Development Corporation celebrated the completed renovation and reopening of the Mannie L. Wilson Towers Senior Residence, located at 565 Manhattan in Avenue.

New York, NY - June 24, 2009 - (RealEstateRama) - Commissioner Deborah VanAmerongen of the NYS Division of Housing and Community Renewal (DHCR), Priscilla Almodovar, President and Chief Executive Officer of NYS Housing Finance Agency (HFA), Michael Newman, Director, Bureau of Housing Development, OMH, Gloribel M. Cruz, Vice President, Affordable Housing Finance, HSBC Bank USA, N.A., Bill Traylor, President, Richman Housing Resources, LLC and Diane Louard-Michel, Director, NY Program, Corporation for Supportive Housing (CSH), joined Community Access and its partner, Alembic Development Company to break ground on a $37 million project that will create 105 units of affordable housing on Cedar Avenue, in the Morris Heights section of the Bronx.

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.

Albany, NY - June 23, 2009 - (RealEstateRama) – The New York State housing market posted sales gains for the third consecutive month with an 11-percent increase in closed sales of existing single-family homes in May compared to April, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS.

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.

Columbia, MD - June 17, 2009 - (RealEstateRama) - Enterprise Community Partners, Inc. commends Governor David A. Paterson for appointing and the New York State Senate for confirming on June 3, 2009 Naomi Bayer to the Board of Directors of the State of New York Mortgage Agency (SONYMA).

New York, NY - June 18, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) today reported that its Board of Directors has declared a dividend of $0.10 per share of common stock for the quarter ending June 30, 2009.

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.

ALBANY, NY - June 15, 2009 - (RealEstateRama) — The New York State Real Estate Board will hold a public hearing on general real estate issues on Wednesday, June 24, 2009 at 10:30 a.m. at Department of State, Division of Licensing Services, Alfred E. Smith State Office Building, 80 South Swan Street, 10th Floor Conference Room, Albany, NY and 123 William Street, 19th Floor Conference Room, New York, NY.