New York RealEstateRama

Washington, D.C. - May 6, 2009 - (RealEstateRama) — An amendment by Senators John Kerry and Kirsten Gillibrand to protect renters from being thrown out of their homes after a foreclosure passed the Senate today as part of the larger housing bill, the Help Families Save Their Homes Act of 2009 (S. 896.) S. Amdt. 1036, the Protecting Tenants at Foreclosure Act, ensures that tenants and families nationwide have at least 90 days to find their next home if they are renting in a building that is foreclosed upon.

New York, NY - May 6, 2009 - (RealEstateRama) — New York City Economic Development Corporation (NYCEDC) and the Upper Manhattan Empowerment Zone (UMEZ) announce the Harlem Business Assistance Fund, a grant program intended to offset some expenses small businesses may incur in relocating to 125th Street and its vicinity. The program is funded by New York City Industrial Development Agency and will be administered by UMEZ on behalf of the City.

Albany, NY - May 6, 2009 - (RealEstateRama) — For the first time in the agency's history, the state Division of Housing and Community Renewal (DHCR) has developed a Statewide Affordable Housing Needs Study. The report involved an unprecedented effort to reach out and gather first-hand information from local leaders and housing professionals who best understand the housing and community development needs of their own communities.

Albany, NY - May 6, 2009 - (RealEstateRama) — Governor David A. Paterson today announced the availability of $35 million in Downstate Regional Blueprint Fund grants to finance business investment, infrastructure upgrades and downtown redevelopment that will advance New York’s economic vitality.

NEW YORK, NY - May 6, 2009 - (RealEstateRama) — The New York State Association for Affordable Housing (NYSAFAH) has named nyhomes, New York State's affordable housing bank, as its 2008 Innovator of the Year.

WASHINGTON, DC - May 5, 2009 - (RealEstateRama) — Today, U.S. Senator Charles E. Schumer unveiled new legislation that would require the Department of Housing and Urban Development and the Treasury Department to draw up a plan to ensure major affordable housing complexes in New York City and across the country do not default on their mortgages and send those properties into a state of total disrepair. More than 60,000 units in New York City are now in buildings in danger of foreclosure.

Hello Living’s Newest Condominium Building opens on May 7 with Japanese Art Exhibition. Developer To Offer First Five Buyers $3000 Designer Discount. Brooklyn, NY - May 5, 2009 - (RealEstateRama) — On Thursday, May 7th, 2009, Triumph Property Group will open ISHI, an eight story, 36-unit loft-like, Asian-inspired condominium property. Located at 542 St. Marks Avenue in Prospect Heights, Brooklyn, the building is part of developer Eli Karp’s state-of-the-art Hello Living project. A grand-opening reception will take place at the building from 6:00pm to 10:00pm.

New York, NY - May 4, 2009 - (RealEstateRama) — The Port Authority today released a report detailing the progress it has made through the first quarter of 2009 to achieve rebuilding milestones at the World Trade Center site and looking ahead to milestones for the second quarter.

Syracuse, NY - April 30, 2009 - (RealEstateRama) — The construction of new housing on the near East Side has officially begun, as Housing Visions breaks ground on its 28 unit housing development. Loguen Homes is a continuation of the revitalization efforts undertaken by Housing Visions.

New York, NY - May 3, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg today announced community development projects and programs that will benefit from more than $48 million of federal stimulus funding received under the American Recovery and Reinvestment Act (ARRA), signed by President Obama in February.

Albany, NY- April 28, 2009 - (RealEstateRama) — OTDA Commissioner David Hansell joined Schenectady Mayor Brian Stratton and Margaret Anderton, Executive Director of Bethesda House, for a groundbreaking ceremony at the site of the organization’s new Liberty House Apartments project in Schenectady.

New York, NY - May 1, 2009 - (RealEstateRama) — The New York State Banking Department today issued a legal opinion stating that New York lenders are able to participate in the federal Hope for Homeowners program.

Albany, NY - April 23, 2009 - (RealEstateRama) — The New York State Public Service Commission (Commission) and the New York State Energy Research and Development Authority (NYSERDA) announced today that the Low-Income Forum on Energy (LIFE) will hold a series of meetings across the State to help address the challenges and opportunities facing low-income families as they seek affordable energy in the wake of the downturn in the economy.

New York, NY - April 28, 2009 - (RealEstateRama) — CPower (www.cpowered.com), a leading energy management firm, today announced the closing of its Series B round of financing. This $10.68 million investment was led by a new investor in the company, Mayfield Fund, as well as returning investors, including Bessemer Venture Partners, Expansion Capital Partners, Schneider Electric Ventures, New York City Investment Fund and Consensus Business Group.

New York, NY - May 1, 2009 - (RealEstateRama) — The Federal Reserve Bank of New York welcomes today’s implementation of the Treasury Market Practices Group’s (TMPG) recommendation that settlement fails in U.S. Treasury securities transactions be subject to a financial charge when short-term rates are low.

Albany, NY - April 30, 2009 - (RealEstateRama) — Governor David A. Paterson today sent a letter to the members of the New York State Congressional Delegation, urging them to bolster New York’s affordable housing efforts by supporting an increase in the multifamily mortgage loan limits used by the Federal Housing Administration (FHA) in high-cost areas.

Brooklyn, NY - April 28, 2009 - (RealEstateRama) — Benton J. Campbell, United States Attorney for the Eastern District of New York, today announced that Madison Home Equities, Inc., a mortgage lender located in Carle Place, Long Island, and Madison’s president, Nadine Malone, have entered into a consent decree and judgment that permanently enjoins them from making loans insured by the Federal Housing Administration (FHA), an agency of the United States Department of Housing and Urban Development (HUD).

Hauppauge , NY - April 29, 2009 - (RealEstateRama) — Seeking to ease the transition for returning veterans who have served honorably in the Middle East, Suffolk County Executive Steve Levy announced passage of legislation he drafted which provides a preference for returning veterans in the county’s 72-h affordable housing program.

Albany, NY - April 28, 2009 - (RealEstateRama) — State Senator Joe Robach announced today that he has created an online petition on his State Senate website for citizens to register their support for reinstating the STAR Rebate Check Program.

Albany, NY - April 28, 2009 - (RealEstateRama) — Statement from New York State Association of REALTORS President Daniel J. Hartnett: New York’s 56,000 REALTORS today applaud Gov. David A. Paterson for taking a first step towards providing meaningful property tax relief for our state’s homeowners.

New York, NY - April 26, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg, Housing and Urban Development Secretary Shaun Donovan and members of the New York Congressional Delegation today announced selections for New York City Housing Authority (NYCHA) projects that will benefit from $423 million of federal stimulus funding received under the American Recovery and Reinvestment Act (ARRA), which was signed by President Obama in February.

New York, NY - April 27, 2009 - (RealEstateRama) — As the subprime crisis continues to intensify, New York City Comptroller William C. Thompson, Jr. today announced that 4,658 individuals and families have called his Foreclosure Intervention Helpline to ask for help to avoid losing their homes.

New York, NY - April 27, 2009 - (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today the completion of $40 million of building re-development improvements at three of its signature office properties, 711 Third Avenue, 810 Seventh Avenue in Manhattan, and 16 Court Street in Brooklyn. Each property has undergone a comprehensive re-positioning which includes capital improvements featuring unique designs reflective of each building.

Albany, NY - April 23, 2009 - (RealEstateRama) — The New York State housing market posted both sales and selling price gains for the first time in 2009 during March, providing a strong signal to those buyers waiting for the market to “hit bottom” that they may well have already missed it.

With home builders convening at their annual trade show this week, news of the state mandate that fire sprinklers must be included into any new home built beginning in 2012 was met with concern by many in attendance.