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DFS FINES SN SERVICING CORP. $100,000 FOR VIOLATIONS OF VACANT AND ABANDONED PROPERTY LAW
Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services (DFS) has fined SN Servicing Corp., a New York State-registered mortgage loan servicer, $100,000 for failing to maintain two properties in Gloversville, N.Y., under New York’s Abandoned Property Relief Act, which requires banks and mortgage services to fulfill certain maintenance obligations at “zombie” properties.
Inflation Expectations Stable while Home Price Growth Expectations Continue to Deteriorate
The Federal Reserve Bank of New York’s Center for Microeconomic Data released the December 2018 Survey of Consumer Expectations, which shows no change in short-term inflation expectations and a slight uptick in medium-term inflation expectations
SCHUMER, GILLIBRAND ANNOUNCE $3.5 MILLION IN FEDERAL FUNDING TO HELP REMOVE LEAD HAZARDS FROM...
U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand today announced $3,532,078 in federal funding for the City of Utica. The funding was awarded by the U.S. Department of Housing and Urban Development (HUD) and will be used to help remove or address lead hazards in 180 housing units for low and very low-income families throughout Utica.
SEIA Praises Governor Cuomo for Pledging 100 Percent Clean Electricity Goal for New York
The Solar Energy Industries Association (SEIA) commended New York Governor Andrew Cuomo for pledging to move New York to 100 percent carbon-free electricity by 2040, which he announced in a speech on his early 2019 policy agenda
Rep. Katko: Farm Bill Provides Economic Development, Infrastructure Investment Opportunities for Wayne County
U.S. Rep. John Katko (NY-24) today announced that, following his advocacy, Wayne County has been added to a list of counties in New York State eligible for Northern Border Regional Commission (NBRC) funding opportunities. The designation was included in the text of the bicameral Farm Bill released today.
MAYOR DE BLASIO AND GOVERNOR CUOMO ANNOUNCE COMMUNITY ADVISORY COMMITTEE TO GUIDE AMAZON HEADQUARTERS...
Mayor Bill de Blasio and Governor Andrew M. Cuomo today announced the formation of a Community Advisory Committee (CAC) to share information and solicit ongoing community input about Amazon’s planned headquarters project in Long Island City, Queens.
Department of Civil Service Announces New Career Opportunities for Engineers in New York State
The Department of Civil Service today announced the New York State Career Opportunities in Engineering Program, a new civil service exam program that will provide qualified engineers with immediate and continuous access to a wide array of job opportunities across state government. More than 250 engineering positions are expected to be filled statewide over the next six months
Inflation Expectations Stable in November; Home Price and Earnings Expectations Decline
The Federal Reserve Bank of New York’s Center for Microeconomic Data released the November 2018 Survey of Consumer Expectations, which shows little change in short- and medium- term inflation expectations, but generally more pessimistic housing and labor market expectations.
Chairman of The Rochester Housing Authority Charged With Lying To The FBI
U.S. Attorney James P. Kennedy, Jr. announced today that George H. Moses, 50, of Rochester, NY, was charged by criminal complaint with making false statements to Special Agents of the FBI. The charge carries a maximum penalty of five years in prison and a $250,000 fine
Jennifer Brown, Founding Executive Director of the Flatiron/23rd Street Partnership, to Depart After More...
Jennifer Brown, the first and only Executive Director of the Flatiron/23rd Street Partnership Business Improvement District (BID), will leave this fall after more than a dozen years of service to the neighborhood. Ms. Brown will begin work next month as Executive Director of the Montclair Center BID, working in the area where she and her family live.
Consumers’ Expectations Largely Stable; while Home Price Growth Expectations Continue to Retreat
The Federal Reserve Bank of New York’s Center for Microeconomic Data released the August 2018 Survey of Consumer Expectations, which shows a slight increase in the medium-term inflation expectations.
MAYOR DE BLASIO AND COUNCIL MEMBER RODRIGUEZ CELEBRATE CITY COUNCIL APPROVAL OF THE INWOOD...
The de Blasio Administration and Council Member Ydanis Rodriguez today celebrated the City Council’s approval of the Inwood neighborhood rezoning, the City’s plan to ensure Inwood remains an affordable, attractive neighborhood for working and immigrant families.
Homebuyer demand keeps NY housing market moving
The New York State housing market posted a solid first half of the year with 60,043 closed sales, falling only 3.8 percent behind the 2017 record sales pace, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price continued to grow though the first six months of 2018, climbing 8.9 percent from the first half of 2017 to reach $262,500
OGS Announces Upcoming Construction and Consulting Opportunities
RoAnn M. Destito, New York State Office of General Services Commissioner today announced bidding for one construction contracts listed below by county. Firms interested in additional information or to acquire bid documents should visit the OGS website
Stefanik, Kilmer Introduce Broadband for All Act
Representatives Elise Stefanik (R-NY) and Derek Kilmer (D-WA) introduced the Broadband for All Act. The bill creates refundable tax credits for businesses and groups of people who team up to build the infrastructure that connects them to the country’s existing rural broadband service.
YOUR KEY TO NYC: MAYOR DE BLASIO ANNOUNCES LARGEST YEAR FOR AFFORDABLE HOUSING PRODUCTION...
Mayor de Blasio today announced that his administration financed 32,116 affordable homes last year, breaking the all-time record previously set by former Mayor Ed Koch in 1989 of 25,243 units. The City also broke the record for the most new construction with 9,140 affordable homes; almost 60 percent of all homes financed will serve New Yorkers making less than $47,000 for a family of three
SCHUMER, GILLIBRAND ANNOUNCE $125,000 IN FEDERAL FUNDING FOR CNY FAIR HOUSING, INC. IN SYRACUSE
U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand announced $125,000 in federal funding for CNY Fair Housing, Inc. in Syracuse. The funds were provided by the U.S. Department of Housing and Urban Development (HUD) Fair Housing Initiatives Program (FHIP) Education and Outreach Initiative grants
REAL ESTATE PROFESSIONALS INVITED TO JOIN JUNE TRADE MISSION TO THE PHILIPPINES
Looking to foster investment opportunities between real estate stakeholders in the Philippines and the U.S., the Filipino American Real Estate Professional Association Silicon Valley chapter is organizing a trade mission to the Philippines on June 16-29. The trade mission will take participants to Manila, the country's capital, to the island of Palawan, which has the best beaches in the world, and to Vigan, a city known for its preserved Spanish colonial and Asian architecture
Press Launch for Making Room: Housing for a Changing America
Focused on the 21st-century housing needs of a changing America, the National Building Museum's Making Room exhibition is poised for the first scheduled transformation of the exhibition's centerpiece-the 1,000-square-foot "Open House" built within the galleries.
New York City Fire Fatalities Rise 35% in 2017
While 2016 was the Big Apple’s safest year in terms of fire fatalities, 2017 experienced a 35% spike, increasing from 48 fire deaths to 73 in the year just concluded. The 2016 low corresponded with a decades-long trend than can be largely attributed to an increase in fire sprinkler system installations, as New York City regulations have consistently expanded requirements for sprinklers.
Maloney Announces Nearly $3 Million in Unused Federal Funding Going to Two Flood Mitigation...
Three years after he stood at Maple Avenue Park to announce that $11.5 million worth of unused Housing and Urban Development (HUD) Community Development Block Grant Disaster Relief (CDBG-DR) funding would remain available to Orange County for flood mitigation in the wake of Hurricane Irene, Representative Sean Patrick Maloney (NY-18) announced two flood mitigation projects totaling $2.8 million.
GOVERNOR CUOMO UNVEILS 6TH PROPOSAL OF THE 2018 STATE OF THE STATE: CONTINUE TO...
Governor Andrew M. Cuomo today unveiled the 6th proposal of the 2018 State of the State: the 2018 taxpayer savings plan to continue to combat New York's most burdensome tax - the local property tax.
Governor Cuomo Announces Completion of $56.6 Million Rehabilitation of 320 Affordable Housing Units in...
Project Preserves Affordability for 700 Residents at "Cedars of Chili" for 40 Years. Investment Complements 'Finger Lakes Forward' - Region's Successful Upstate Revitalization Initiatives to Grow Economy, Create New Opportunities
Mayor de Blasio and Speaker Mark-Viverito Announce Major Investments to Fill East Harlem Greenway...
Mayor Bill de Blasio and Speaker Melissa Mark-Viverito today announced a major investment to advance construction of a brand new section of the Greenway, between East 125th and East 132nd streets. This investment would close one of the last remaining gaps in the Manhattan Waterfront Greenway, a major step towards completing a contiguous 32-mile waterfront pedestrian promenade and bicycle path around Manhattan.
HPD JOINS AAFE AND ENTERPRISE COMMUNITY PARTNERS TO PRESERVE HISTORIC AFFORDABLE BUILDING IN CHINATOWN
The New York City Department of Housing Preservation and Development, Asian Americans for Equality (AAFE), and Enterprise Community Loan Fund, Inc. (ECLF) today unveiled 81 Madison Street, a 20-unit building in Manhattan’s Chinatown neighborhood that was one of the first buildings to undergo HPD’s Green Housing Preservation Program, which provided financing for improvements to the non-profit-owned building