New York RealEstateRama

Sibley Building Currently Planning $200 Million Redevelopment, But Requires New Market Tax Credits to Move Forward on Plans – In Last Year’s “Fiscal Cliff” Deal, Schumer Secured Extension & Funding of NMTC

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced that the Federal Emergency Management Agency (FEMA), following their urging, had approved additional federal funds to rebuild the Niagara Engine Company No. 6 Fire House. The fire house was previously located in a high hazard floodplain in Schoharie County, where it was severely damaged during Hurricane Irene and Tropical Storm Lee.

“The right to private property is fundamental to our nation and our economy. Private property owners should not have to be afraid of their property being taken from them by their government,” said Reed. “The practice of Eminent Domain is all too often used as an excuse for government to do whatever it chooses, leaving landowners with little recourse to fight back. This bill brings us one step closer to stopping the practice once and for all.”

Mayor Bill de Blasio today announced that the City financed the creation and preservation of more than 17,300 affordable units during calendar year 2014. With 11,185 preserved units and 6,191 new construction units financed, the City exceeded its first year projections by more than 1,300 affordable units. Based on average household size, these new and preserved units are enough to affordably house nearly 42,000 New Yorkers.

The Housing and Community Development Network of New Jersey (the Network) today released a guide to implementing the New Jersey Supreme Court’s March 2015 decision on fair share housing. Developing Effective Municipal Housing Plans aims to help advocates and nonprofit community developers usher in a new era of housing planning and municipal collaboration.

Furman Center report finds that between 2011 and 2014, the number of unregulated and rent-stabilized units affordable to low-income renters continued to decline; report explores whether a new tax benefit for unsubsidized buildings could help slow the loss of affordability in this stock

Ulster County Executive Mike Hein is pleased to announce that Ulster County has been awarded two prestigious 2015 Achievement Awards from the National Association of Counties (NACo) in the categories of Human Services for “The Patriots Project: Transitional Veterans Housing” and County Resiliency and Sustainability for the “Carbon Footprint Reduction Program.”

The 8,000 member Steamfitters Local 638, which performs pipefitting and fire protection work throughout the five boroughs of New York City, Nassau and Suffolk counties, will graduate 20 steamfitters from its rigorous five-year apprenticeship program on Thursday, June 11 starting at 5:30 p.m. at Terrace on the Park at 52-11 111th St., Flushing, NY 11368

Community Development Corporation of Long Island (CDCLI) and the National Center for Suburban Studies at Hofstra University® hosted a convening today, attended by regional and national leaders, to present the latest research on the connection between safe, affordable housing and health outcomes.

Attorney General Eric T. Schneiderman today released the following statement on the U.S. Court of Appeals – D.C. Circuit’s decision dismissing challenges to the U.S. Environmental Protection Agency’s Proposed Clean Power Plan

Randy Crissman, a veteran New York Power Authority executive, has been honored by the American Public Power Association for his contributions to improve procedures for reliability compliance, monitoring and enforcement of government regulations at public power utilities.

U.S. Senator Charles E. Schumer today urged the Federal Emergency Management Agency (FEMA) to swiftly review and approve an appeal submitted by Binghamton University for federal funds to which they are entitled. Schumer explained that, following Tropical Storm Lee, FEMA approved a total project cost of $3,188,766 in funding for repairs to its University Downtown Center. The Center was inundated by flood water during Tropical Storm Lee, causing extensive damage to all electrical and mechanical services that support the building’s functions.<

Today, Congressman Tom Reed announced bipartisan legislation which would help American manufacturers with energy consumption and costs. The POWER Act, HR 2657 would encourage businesses to use new technologies to convert their “waste heat” into electricity.

State Senator Jeff Klein (D-Bronx/Westchester), together with Mayor Michael Volpe of the Village of Pelham, Pelham Town Supervisor Pete DiPaola, Pelham Deputy Supervisor Councilman Dan McLaughlin, Judge John Gardner, Judge John DeChiaro, and Town Council Member Blake Bell, today announced $195,000 in state funding for security and energy efficiency upgrades to Pelham Town Hall and the Daronco Town House at Pelham’s annual Block Party

Senate Democratic Leader, State Senator Andrea Stewart-Cousins, and Assemblymembers Shelley Mayer and J. Gary Pretlow were joined by tenants and tenant advocates today in calling on Governor Cuomo and the Republican Senate to renew and strengthen rent regulations that are set to expire on June 15, 2015. With more than 25,000 rent stabilized units in Westchester, with 16,000 of those in Yonkers

The owner of a Bardonia, New York, construction service company pleaded guilty to conspiring to defraud the New York Power Authority (NYPA) and filing a false tax return, the Department of Justice, the IRS and the New York State Inspector General announced today.

Senator Bonacic joined members of the local community and representatives from the Orange County Chamber of Commerce at the grand opening celebration of Mason’s Marketplace in New Hampton this past Friday.

Including Previously Announced Wheelock Transaction, Purchase Increases ARC Hospitality’s Pro Forma Lodging Portfolio to 153 Hotels Totaling 18,280 Rooms in 33 States

REALTORS from across New York State will travel to Albany on Tuesday, June 9, to show their support for an extension of the state’s successful property tax cap, which has helped make homeownership more affordable for both new and long-time New York homeowners.

Today, Brooklyn Borough President Eric L. Adams announced his Access to Legal Service program, a partnership he has forged with the Brooklyn Bar Association Volunteer Lawyers Project and Legal Services NYC-Brooklyn, to offer free professional assistance to Brooklynites in need. The initiative will run out of Room G-80 at Brooklyn Borough Hall between the hours of 2:00 PM and 5:00 PM on select days. On the second Wednesday of every month, the Brooklyn Bar Association Volunteer Lawyers Project will offer foreclosure intervention and prevention services

U.S. Senator Charles E. Schumer today revealed that there are hundreds of millions of dollars in new federal funding pots to help cover the Bay Park Sewage Treatment Plant’s Ocean Outfall Pipe. The plant serves over 500,000 residents in Nassau County and was crippled in the wake of Sandy and was knocked offline for two days after nine feet of saltwater entered the facility.

Representatives Steve Israel (D-NY) and Tim Murphy (R-PA) introduced bipartisan legislation to help improve efforts to end homelessness among our nation’s veterans. H.R. 2591, the Homeless Veterans Assistance Fund Act of 2015, creates the Homeless Veterans Assistance Fund and offers taxpayers an opportunity to help keep veterans off the streets by making a voluntary contribution to the fund on their federal income tax return form

New York City Department of Housing Preservation and Development (HPD) Commissioner Vicki Been and New York City Housing Development Corporation (HDC) President Gary Rodney joined BRP Companies, Macedonia African Methodist Episcopal (AME) Church, and development partners to celebrate the opening of Macedonia Plaza

Manhattan Borough President Gale A. Brewer and City Council Member Margaret Chin (D-1) responded today to a letter from David R. Weinreb, CEO of The Howard Hughes Corporation (HHC) addressed to Mayor Bill de Blasio on their effort to build a mixed use tower on the site of the Fulton Fish Market’s New Market Building adjacent to Pier 17, the South Street Seaport commercial development they are already renovating under a long term lease with the City’s Economic Development Corporation.

Governor Andrew M. Cuomo today announced that New York State will begin a statewide multi-media campaign using billboards, radio, television and social media to remind motorists about the deadly impacts of impaired driving. The campaign, funded by the Governor’s Traffic Safety Committee, builds on the state’s ongoing efforts to combat impaired driving and reduce the number of traffic fatalities