New York RealEstateRama

The New York City Department of Housing Preservation and Development (HPD), New York State Homes and Community Renewal (HCR), and New York City Council Speaker Melissa Mark-Viverito joined Lantern and partners to celebrate the ribbon-cutting ceremony for Prospero Hall in the East Harlem neighborhood of Manhattan. The 87 affordable apartments provide permanent supportive housing for formerly homeless New Yorkers, with a preference for formerly homeless veterans who may not be eligible for housing or services funded through the U.S. Department of Veterans Affairs (VA).

The New York Department of State will host a public meeting of the State Fire Prevention and Building Code Council on Friday, May 15, 2015, at 9:00 a.m. at the Governor Nelson A. Rockefeller Empire State Plaza Convention Center 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.

U.S. Senator Charles E. Schumer today urged his colleagues to vote against the House proposal to cut funding to a  key program that supports critical infrastructure projects across New York State. Schumer explained that the House funding bill included severe cuts to the incredibly important and popular Transportation Investment Generating Economic Recovery (TIGER) grant program

Congressman Brian Higgins (NY-26) and the Federal Home Loan Bank of New York announced the award of a $1.36 million grant to The Matt Urban Center of Buffalo to help finance the Hope House project, which involves the conversion of a former public school into permanent supportive housing for homeless women.

Orange County Executive Steve Neuhaus and Community Development Director Richard Mayfield are pleased to announce that once again applications are being accepted for the popular farmworker housing program.

Mayor Bill de Blasio today proposed a sweeping overhaul of a tax program to spur a new wave of affordable housing in New York City and stem the housing crisis that is making it so difficult for New Yorkers to make ends meet.

Empire State Development (ESD) today announced it will issue a Request for Proposals (RFP) for the purchase and redevelopment of approximately 325 acres of the former Mount McGregor Correctional Facility located in Wilton, New York. Mount McGregor closed in July 2014 as part of Governor Andrew M. Cuomo’s initiative to save New York taxpayers hundreds of millions of dollars by consolidating the state’s correctional facilities based on a declining inmate population

Schumer Writes to FEMA Urging Fed Agency To Be Ready To Approve Fire Management Assistance Grant To Help Reimburse Hudson Valley Communities As They Fight Back 1,700-Acre Forest Fire

In 2010, New York City reached an all-time population high. Yet, the average New Yorker in 2010 lived in a lower-density neighborhood than in 1970, according to a report released today by the NYU Furman Center. The report also finds that, despite common fears, density is related to certain positive neighborhood amenities and unrelated to many negative attributes, such as higher crime rates, crowded classrooms, and lower-performing schools

Schumer Successfully Secured A Direct Line To Senior Norfolk Southern Official; Norfolk Southern Railway Says Idling Was Due to Adverse Weather Conditions During Winter Months; But, If Idling, Noise And Emissions Continue To Be A Problem Corning Residents Will Now Be Able To Call & Voice Concerns

Carolyn Maloney (NY-12) Congressman Luke Messer (IN-06), who both serve on the House Financial Services Committee, introduced legislation last week that would require Federal banking regulators to include municipal bonds under the Liquidity Coverage Ratio (LCR).  This change will help encourage financial institutions to continue to invest in local communities following new regulations that threaten to slow or even stop cash flow for crucial infrastructure projects.

Congressman Tom Reed today voted in favor of protecting private property rights by supporting 2016 Energy and Water Development Related Agencies Appropriations Act. The bill passed the House with language preventing the Obama Administration from a power grab of private property relative to waterway regulation. “This bill is a victory for Americans from coast to coast and demonstrates that the House cares about protecting private property rights,” Reed said.

Congressman Tom Reed today formally established and hosted the first event of the Private Property Rights Caucus in the House of Representatives. The idea for the caucus came out of a recent roundtable Reed held with farmers and local officials in Allegany County. Fourteen Members of Congress from eleven states ranging from Maine to Arizona join Reed as original members of the caucus

In 2014 cities like Washington, D.C., Boston, Miami and Chicago attracted hundreds of thousands of youth travelers. Unfortunately for New York City, it is missing out on this tourism boom. In 2014 cities like Washington, D.C., Boston, Miami and Chicago attracted hundreds of thousands of youth travelers. Unfortunately for New York City, it is missing out on this tourism boom.

Today, U.S. Senator Charles E. Schumer presented the South Farmingdale Water District (SFWD) with a check for $3.3 million due to the recent U.S. Navy reimbursement settlement as a result of plume contamination. SFWD has borrowed almost $5 million from the Town of Oyster Bay to construct Plant No. 3, a water treatment facility to filter and purify the ground water impacted by the Bethpage plume.

Earlier today, Poppi Metaxas, the former President and Chief Executive Officer (CEO) of Gateway Bank, FSB (Gateway) pleaded guilty to conspiracy to commit bank fraud for her role in defrauding the bank of more than $1.8 million in the aftermath of the financial crisis.

ClickPay, the fastest growing provider of SaaS-based payment and billing solutions for the property management industry in the U.S., launched new ads across multiple digital billboards throughout Times Square.

The bill seeks to expand affordable housing for low-income grandparent-headed families by creating a competitive grant program within the Department of Housing and Urban Development for eligible non-profit organizations that provide specialized housing and supportive services to seniors raising children under the age of 18.

New York City Comptroller Scott M. Stringer announced that the New York City Pension Funds have taken steps to formally consider diversity as a criterion in manager evaluation and selection, by systematically asking current and prospective money managers about the diversity of their investment professionals.

As part of his continued efforts to help residents reduce their tax burden, County Executive Edward P. Mangano has arranged to bring the Department of Assessment office operations to libraries and community meeting halls throughout Nassau to assist homeowners with filing for their property tax exemptions

The New York State Supreme Court Appellate Division heard oral arguments on Thursday in the Mechanical Contractors V. NYCDOB, Case No. 13-10093, regarding controversy over whether the NYC Department of Buildings (DOB) has the legal authority to ignore Building Code requirements when buildings are constructed modularly. This includes the largest Lego-style modular construction project in North America located at Brooklyn’s Atlantic Yards (now rebranded as Pacific Park), a 32-story, 363 unit residential building.

Mayor Bill de Blasio today announced the selection of 11 organizations to deploy their innovative technologies and climate change solutions to at-risk and vulnerable small businesses. The technologies were selected from a group of 27 finalists competing in the Resiliency Innovations for a Stronger Economy (RISE : NYC) competition, a New York City Economic Development Corporation (NYCEDC) program designed to help small businesses impacted by Hurricane Sandy prepare for future storms, sea level rise, and other effects of climate change, while strengthening New York City’s long-term resiliency efforts

Two senior members of the House Ways & Means Committee are continuing their quest to remove a 1980’s era tax provision that discourages foreign investment in U.S. real estate.

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced $632,000 in federal grant funding and a $222,000 federal loan for the Town of Saranac in Clinton County to help finance improvements to Standish Water District. Funding was allocated through the United States Department of Agriculture’s (USDA) Water and Waste Disposal Loan and Grant program.

Governor Andrew M. Cuomo today launched two major economic development programs – the Upstate Revitalization Initiative and Round V of the Regional Economic Development Councils – officially kicking off the 2015 competitions for $1.5 billion and up to $750 million in state economic development resources, respectfully.