New York RealEstateRama

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced $178,704 in federal funds to Chautauqua Opportunities, Inc. The funding was allocated through the U.S. Department of Housing and Urban Development’s (HUD) Resident Opportunities and Self Sufficiency (ROSS) program and will be used to advance local programs designed to help those most in need become self-sufficient through housing, skills training, and health care services

Governor Andrew M. Cuomo today announced the completion of Stadium Estates, an $11 million, affordable housing development that is revitalizing Rochester's JOSANA neighborhood and creating 45 affordable homes. Stadium Estates is part of Governor Cuomo's unprecedented commitment to affordable housing and community renewal, which includes $20 billion in the 2016-17 state budget for comprehensive statewide affordable housing and homelessness action plans

Governor Cuomo today announced $29.7 million in grants to support 18 critical municipal water infrastructure projects in the North Country. These grants are part of the second round of NYS Water Grants funded through the state’s highly successful Water Infrastructure Improvement Act

New York City Economic Development Corporation (NYCEDC) today officially announced the creation of a food manufacturing hub at the Brooklyn Army Terminal (BAT) Annex building. NYCEDC has designated the entire 55,000 square foot space to serve up to 10 growing food manufacturing companies and expects four new companies to move into the Annex by the end of the year. Based on NYCEDC’s projections, the full activation of the Annex building has the capacity to create over 100 new jobs in Sunset Park

At the next Building Ulster County Together Breakfast, Ulster County Executive Mike Hein is pleased to welcome Cynthia Nikitin, Senior Vice President from the Project for Public Spaces, to discuss the benefits of the County’s growing trail system. The breakfast will be held from 7:30 – 9:30 AM on Monday, August 15^th at the Best Western Plus in Kingston. Cynthia – a part-time Ulster County resident for the past 20 years – will share examples of successful trail systems and will explain what it takes to capitalize on trails as engines of economic growth

The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which reported that household debt increased by $35 billion (a 0.3 percent increase) to $12.29 trillion during the second quarter of 2016. This moderate growth was driven by increases in auto loan and credit card debt, which increased by $32 billion and $17 billion respectively.

The New York Department of State will hold a public hearing and meeting on Tuesday, September 20, 2016 at 10:30 a.m., regarding the profession of real estate salespersons and brokers. The meeting will take place at the following locations: 99 Washington Avenue, Albany; 65 Court Street, Buffalo; and 123 William Street, New York City. The public has the right to attend the meeting at any of these locations.

The New York Department of State will host a public meeting of the State Fire Prevention and Building Code Council on Thursday, August 25, 2016, 10:00 a.m. at 99 Washington Avenue in Albany; 123 William Street in New York City; and 65 Court Street in Buffalo. The meeting will be held via videoconference at all locations.

A measure authored by U.S. Reps. Grace Meng (D-Queens) and Eliot L. Engel (D-Bronx/Westchester) to protect public housing residents from insufficient heat during winter months has been signed into law by President Obama

A measure authored by U.S. Reps. Eliot L. Engel (D-Bronx/Westchester) and Grace Meng (D-Queens) to protect public housing residents from insufficient heat during winter months has been signed into law by President Obama.

Following reports of homeownership dipping to its lowest level since 1965, Representative Sean Patrick Maloney has renewed calls for passage of legislation he introduced last year to make it easier for first-time homebuyers to save for a down payment. Current law allows first time homebuyers to make penalty-free withdrawals from their IRA to go toward the purchase of a home. However, the current limit of $10,000, which was enacted nearly 20 years ago and not indexed to inflation, has not kept up with rising costs and stagnating wages. Rep. Maloney’s bipartisan First Time Homeowner Savings Plan Act would help the law catch up, by increasing the limit to $25,000 for first time homebuyers.

Mayor Paul Dyster, Congressman Brian Higgins (NY-26), representatives from the U.S. Department of Housing and Urban Development, members of the Niagara Falls City Council and residents broke ground on the Niagara Falls Skate Park. Located within Hyde Park just off Hyde Park Boulevard was planned in strong partnership with entities including the Niagara Falls Youth Bureau, the Niagara Falls Police Department, Department of Community Development and Department of Public Works

According to a new report, becoming a homeowner in New York City’s real estate market is a considerable challenge for the vast majority of New York City households—including those earning up to six figures—due to the city’s severely constrained supply of affordable home-buying opportunities. And homeownership prospects do not necessarily improve by moving out of the city to the surrounding New York suburbs.

Mayor Bill de Blasio, Attorney General Eric T. Schneiderman, the Department of Housing Preservation and Development (HPD), the Housing Development Corporation (HDC), the Department of Veterans’ Services, and other City and State officials join The Bridge and their development partners to announce the start of construction on the Melrose Commons Supportive Housing development in the Bronx. Located at 425 East 161st Street, the new building will provide permanent supportive housing for 58 homeless adults with special needs, with a preference for veterans

The Federal Reserve Bank of New York today issuedRegional Household Debt and Credit Snapshots, which examine borrowing and indebtedness trends throughout the Federal Reserve’s Second District, and are analogous to the national Quarterly Report on Household Debt and Credit. They include data about mortgages, home equity lines, student loans, credit cards, auto loans, and delinquencies for New York City and each of its boroughs, as well as metro areas throughout New York State, northern New Jersey, and western Connecticut.

The workers at Acadia Realty Trust’s CityPoint Brooklyn residential building help make the building home for tenants and are proud to be part of the community but Acadia uses a contractor called Kent Services that employs the workers at CityPoint at substandard wages– in fact workers just next door make almost 50% more than they do

Members of 32BJ SEIU, the nation’s largest property services union, have voted to endorse State Representative Terry Adams in Stamford for the Democratic Primary on August 9 — a vote they will support with volunteer canvassing work through next Tuesday’s primary.

New York City Economic Development Corporation (NYCEDC) today announced that it will partner with The Doe Fund to expand its Quality of Life (QOL) program, which will employ formerly homeless, formerly incarcerated and low-income individuals to work on a range of City-led initiatives

Following is a statement from Sean Gallagher, vice president of state affairs at the Solar Energy Industries Association (SEIA), on the New York Public Service Commission's approval of a 50 percent Clean Energy Standard by 2030

New York State Homes and Community Renewal (HCR) announced that the Housing Trust Fund Corporation (HTFC) approved a $154,868 grant to the Utica Municipal Housing Authority in Oneida County for completion of essential security enhancements at the 93-unit Chancellor Apartments at 417 Bleecker Street. The HTFC Board awarded the funds under the Public Housing Modernization Drug Elimination program.

A brief released today by the NYU Furman Center describes the process of tax lien sales in New York City, which affected over 15,000 properties and roughly 43,600 residential units between 2010 and 2015.

Mayor Bill de Blasio today announced that his administration secured 23,284 affordable apartments and homes during Fiscal Year 2016, the second highest production in New York City history and the most since Ed Koch was mayor.

The New York Power Authority Board of Trustees approved on Tuesday funding awards under the Power Authority’s Western New York Power Proceeds program and a hydropower allocation to a Niagara firm. Those actions are expected to lead to capital investments of more than $3.6 million and support 53 jobs, including 38 new positions

Mayor Bill de Blasio today announced that his administration secured 23,284 affordable apartments and homes during Fiscal Year 2016, the second highest production in New York City history and the most since Ed Koch was mayor.

The New York Power Authority Board of Trustees today approved a low-cost hydropower allocation to Roth Industries in Jefferson County that will allow the manufacturer to begin an expansion project at its Watertown facility, creating eight new jobs and $6.7 million in capital investments