New York RealEstateRama

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced $2,318,695 in federal funds for 16 municipalities and housing authorities in the Capital Region. These funds were allocated through the U.S. Department of Housing and Urban Development’s (HUD) Family Self Sufficiency (FSS) program. The FSS program assists local social services agencies, community colleges, businesses and other local organizations in providing education and job training in order to help those participating in HUD’s housing voucher program and living in public housing gain marketable job skills.

Attorney General Eric T. Schneiderman, New York News Publishers Association, New York Press Association and the New York State Broadcasters Association today announced a joint initiative to crack down on rampant and unlawful advertising of foreclosure rescue scams. Scammers target vulnerable homeowners who are typically in midst of the foreclosure process and are seeking help with mortgage modifications

Governor Cuomo, Attorney General Eric T. Schneiderman and Mayor Bill de Blasio announced today that 128 landlords receiving lucrative tax benefits under Section 421-a of the New York Real Property Tax Law are now registering 1,823 market-rate apartments across New York City as rent-stabilized. As a result, affected tenants in all five boroughs will enjoy the protections of rent-stabilized leases on their apartments for the first time

Congressman Brian Higgins (NY-26) led a coalition of more than 90 members of the House of Representatives in calling for the extension of the Solar Investment Tax Credit and Production Tax Credit as a means to advance economic opportunity and support the growth of clean energy.

The New York State Energy Research and Development Authority (NYSERDA) announced a first-of-its kind agreement where a large-scale renewable project supported by NYSERDA’s Main Tier program for large-scale renewables will supply energy directly to a corporation rather than to the wholesale market

As world leaders from over 150 nations gather in Paris to craft a global solution to address climate change, it is disappointing that members of New York's Congressional delegation voted in favor of this measure, which seeks to undermine the single most important step the United States has taken to address climate change in its history. The Congressional Republicans' resolution against the Clean Power Plan is more politics as usual and ignores the resounding success of New York and other states in reducing carbon pollution while supporting economic growth.

Attorney General Eric T. Schneiderman, Governor Andrew M. Cuomo, and Mayor Bill de Blasio, joined by Commissioner James S. Rubin of  New York State Homes & Community Renewal (“DHCR”)  and Commissioner Vicki Been of the City’s Department of Housing Preservation and Development (“HPD”),  announced today that 128 landlords receiving lucrative tax benefits under Section 421-a of the New York Real Property Tax Law are now registering 1,823 market-rate apartments across New York City as rent-stabilized

The First Lady Of New York City Chirlane McCray, the New York City Department of Housing Preservation and Development (HPD), New York City Council Speaker Melissa Mark Viverito, New York State Assembly Member Michael A. Blake, and other officials joins Unique People Services, the Community Preservation Corporation (CPC), and development partners to celebrate the start of construction on Lynn’s Place.

After Superstorm Sandy victims faced an extensive, burdensome and fraud-ridden flood insurance claims process, U.S. Senator Kirsten Gillibrand and U.S. Representative Kathleen rice today announced their push for new bipartisan legislation to require more transparency and accountability from the Federal Emergency Management Agency (FEMA) so that home and property owners who carry flood insurance policies are better protected in the event of another storm.

At a special meeting Monday morning, the Manhattan Borough Board formally voted to deny its approval to Mayor Bill de Blasio’s Zoning for Quality & Affordability (ZQA) and Mandatory Inclusionary Housing (MIH) Zoning proposals unless a range of outstanding major concerns are addressed.

After Superstorm Sandy victims faced an extensive, burdensome and fraud-ridden flood insurance claims process, U.S. Senator Kirsten Gillibrand and U.S. Representative Kathleen rice today announced their push for new bipartisan legislation to require more transparency and accountability from the Federal Emergency Management Agency (FEMA) so that home and property owners who carry flood insurance policies are better protected in the event of another storm.

Deputy Mayor for Housing and Economic Development Alicia Glen, New York City Economic Development Corporation (NYCEDC) and NOT JUST A LABEL (NJAL), the world’s largest global network of contemporary designers and a leading curator of fashion talent, today announced the launch of a temporary retail store at the Waldorf Astoria New York, part of Mayor Bill de Blasio’s ‘Made in NY’ initiative

As colder weather descends on the northeast and homeowners receive shipments of home heating oil, the New York State Department of Environmental Conservation (DEC) is urging homeowners to inspect heating fuel oil storage tanks for leaks or spills

Hunter’s Point South is a massive, multi-phase project. The Phase I infrastructure, roadways, and waterfront park was completed by NYCEDC in August 2013, and will support mixed-use developments totaling more than 2,000 housing units.

HPD and the New York City Department of Small Business Services (SBS) also launched the 2015-16 capacity building course for M/WBEs in partnership with the New York State Association for Affordable Housing (NYSAFAH), Goldman Sachs Urban Investment Group, Holland & Knight, and Paul, Weiss. Expanding on the success of the inaugural course introduced last year, the new session includes nonprofit developers

Speaker Melissa Mark-Viverito and the New York City Housing Authority today unveiled a new mosaic mural honoring Dr. Antonia Pantoja, located on the Corsi Senior Center on East 116th Street in East Harlem. The mural was commissioned by the Dr. Antonia Pantoja Mural Committee and New Yorkers who were inspired by Dr. Pantoja’s lifetime of dedication to the Latino community in New York City and beyond

The 2015 New York State housing market growth trend continued into October, reaching the highest level of closed sales for the month in more than 25 years, according to the housing market report released today by the New York State Association of REALTORS. October 2015 closed sales increased nearly 2 percent to reach 11,216.

The Land and Water Conservation Fund (LWCF) expired on Sept. 30, 2015. The original 1965 LWCF law authorized offshore oil and gas royalties to be split 60 percent for state purposes and 40 percent for federal purposes.

The Beach Green North development is financed under Mayor Bill de Blasio’s Housing New York: A Five-Borough, 10-Year Housing Plan. The most comprehensive affordable housing plan in the City’s history and largest municipal housing plan in the nation, its goal is to create and preserve 200,000 units of affordable housing for very low- and middle income families to help address New York City’s affordability crisis.

Governor Andrew M. Cuomo today announced the grand opening of the rehabilitated F.W. Woolworth building in Watertown. This historic landmark, which was one of the nation's earliest F.W. Woolworth stores, has been transformed from a downtown eyesore into a vibrant building with 50 units of affordable rental housing and ground-level retail space.

The New York State Department of Labor today released October 2015 jobs numbers for the City of New York. According to the numbers, New York City's unemployment rate has reached its lowest level since August 2006, dropping a full four tenths of a percentage point since last month from 5.2 percent to 4.8 percent, putting it below the national unemployment rate for the first time since June 2011.

The City’s 15,000 unit plan is comprised of roughly 7,500 newly-constructed, congregate units and 7,500 scattered site units. The plan will cost $2.6 billion in capital funds over the next 15 years to develop the 7,500 congregate units. Of the total capital costs, approximately $1 billion will be a City cost – and all but $380 million has already been budgeted through Housing New York.

Auto debt continued its upward climb during the third quarter of 2015, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit. Auto loan balances increased for the 18th straight quarter, this time by $39 billion, and stand at $1.05 trillion as of the end of September

The Federal Home Loan Bank of New York (“FHLBNY”) announced today the results of the 2015 election for four positions on the FHLBNY’s Board of Directors whose terms will each commence on January 1, 2016. All four terms will run for four years, expiring on December 31, 2019

The New York State Association of REALTORS is a not-for-profit trade organization representing more than 50,000 of New York State’s real estate professionals. The term REALTOR is a registered trademark, which identifies real estate professionals who subscribe to a strict code of ethics as members of the National Association of REALTORS.