New York RealEstateRama

Mayor Bill de Blasio and Housing Preservation and Development Commissioner Vicki Been today met tenants at a Bronx building in the midst of major upgrades and renovations through City affordable housing preservation initiatives. Protecting and improving existing affordable housing is a major component of the Mayor’s Housing New York Plan. Last year, the City initiated preservation work at 11,185 apartments. This year, the City is expanding its toolkit to reach more New Yorkers whose homes are becoming unaffordable or distressed

Congressman Eliot Engel, a senior member of the House Energy and Commerce Committee, is pleased to announce the Federal Emergency Management Agency (FEMA) has awarded over $5 million in funds to Westchester County to repair areas in Rye Playland damaged during Superstorm Sandy. The allocation includes $1,683,346.50 for repairs to the North Boardwalk, and an additional $3,404,703.65 in funding for permanent work on other areas of the park that were damaged during the storm.

Yonkers Property Owners to Receive Tax Rebates from New York State as City Stays Within 2% Tax Cap for Fourth Consecutive Year YONKERS, NY -...

The New York State Department of Transportation (NYSDOT) will hold a public meeting on Tuesday, April 21, at 6:30 p.m. regarding planned construction projects in 2015 for the Village of Owego and Town of Owego, Tioga County. The meeting will be held at Tioga Opportunities, Inc, 9 Sheldon Guile Boulevard, Owego. Doors will open at 6:15 p.m. with a presentation to be given at 6:30 p.m.

Hanley Investment Group, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that Senior Vice President Jeremy McChesney negotiated the sale of four single-tenant absolute NNN 7-Eleven stores in Erie County, New York, totaling nearly $3 million. McChesney currently has two other East Coast 7-Eleven stores in escrow and two additional ones available for sale.

Nassau County Comptroller George Maragos hosted the third annual “Comptroller’s Entrepreneurial High School Challenge” where over 250 business students from High Schools across the County competed for a $10,000 scholarship from NYIT and $5,000 in cash prizes from Healthplex.

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced that the U.S. Department of Housing and Urban Development (HUD) will provide $12,252 in federal funding for the Niagara Falls Neighborhood Housing Services.

U.S. Senators Charles E. Schumer and Kirsten Gillibrand today announced that the U.S. Department of Housing and Urban Development (HUD) will provide $13,258 in federal funding for Better Neighborhoods, Inc., located in Schenectady.

Developer Peter Moore Disregarded Martin Act Requirements While Blatantly Marketing Investments In TriBeCa Loft Building Settlement Bars Moore From the Real Estate Securities Industry For Six Months. Schneiderman: Promoters Of Real Estate Investments Need To Follow The Rules And If They Don’t, They Will Be Held Accountable.

Governor Andrew M. Cuomo today announced communities across the state have come together to bring clean and affordable solar power to their localities at a discounted cost of up to 20 percent. With 26 campaigns launching through Reforming the Energy Vision, communities can obtain solar installations as a large group rather than an individual household—making it cheaper for everyone involved. In addition, the program is helping remove many of the obstacles that inhibit solar options, such as feasibility studies and finding the right contractor.

Results from the March 2015 Survey of Consumer Expectations suggest that expectations have rebounded compared to last month. In particular, after a marked decline in February, expectations about home prices, earnings growth and household spending returned to levels that prevailed during the second half of 2014.

Federal Funds Will Help Organizations Provide Financial Counseling Services to New Homebuyers, Homeowners, Renters Today, U.S. Senators C

The New York City Department of Housing Preservation and Development (HPD) joined Services for the UnderServed (SUS), Enterprise Community Partners, Inc. (Enterprise), Bank of America and other project partners to celebrate the housewarming of The Truxton Residence, a 48-unit supportive and affordable housing development in the Ocean Hill neighborhood of Brooklyn. Residents of this development have on-site access to critical supportive services through SUS. To mark the building’s opening, officials planted a blueberry bush in the building’s landscaped backyard for the enjoyment of all residents

Initiative Estimated to Provide At Least $100 Million in Building Work to Reduce City Emissions While Lowering Energy Costs, Preserving Funds for Vital Repairs...

Today, close to our nation’s annual tax day, New York Representatives Jerrold Nadler, Nita Lowey and Steve Israel announced the re-introduction of the Tax Equity Act, a forward-thinking piece of tax legislation designed to adjust federal tax brackets to reflect the actual cost of living in major metropolitan areas.

Today, at the Johnstown Shopping Center, U.S. Senator Charles E. Schumer urged the Federal Emergency Management Agency (FEMA) to examine the outdated flood maps that have incorrectly placed the Johnstown Shopping Center, as well as up to 50 other properties in the surrounding area, in the Cayudutta Creek’s flood zone. Now that more comprehensive and accurate analyses are available, Schumer will urge FEMA to rectify the situation by correcting the maps and working with local leaders to ensure that thorough engineering analysis is completed to provide the data necessary to make these important adjustments.

Today, at the Tubman Home/Visitor’s Center, standing with Harriet Tubman relatives, U.S. Senator Charles E. Schumer urged the National Park Service (NPS) to work with Auburn and Harriet Tubman Home officials to finalize details that will formally put Harriet Tubman National Historical Park on the fast track to being established and receiving critical federal funding

The lawmakers represent districts which, respectively, span the counties of Westchester and Rockland, New York City, and Long Island, and are home to constituents who both pay higher taxes and contend with higher basic living costs than most Americans.

High numbers of Bronx taxpayers are paying tax preparers rather than using free options.

The Brownfield Opportunity Areas Program helps local communities establish revitalization strategies that return dormant and blighted areas into productive areas to spur economic development.

The Federal Reserve Bank of New York today launched a series of reports detailing trends in borrowing and indebtedness at the state and local level. The Regional Household Debt and Credit Snapshot includes data about mortgages, student loans, credit cards, auto loans and delinquencies for New York City and its boroughs, as well as various metro areas in New York State, northern New Jersey and western Connecticut. There are a total of 27 Snapshots.

Attorney General Eric T. Schneiderman today announced a lawsuit against the board of directors of two Brooklyn-based nonprofits, Brooklyn Child & Family Services, Inc. and Project Teen Aid Housing Development Fund Corp., for alleged gross negligence and failed management of the organizations – and of two converted townhouses in the Bedford-Stuyvesant section of Brooklyn

Last night the New York State Legislature voted to include $4.5 million for homeless youth shelters in the 2015-16 budget, $2.1 million more than previous years and the first appreciable increase in funding for such shelters since 2008.

New York City Mayor Bill de Blasio and U.S. Senator Charles Schumer announced today approximately $3 billion in federal funding to repair and protect 33 public housing developments that sustained severe damage during Hurricane Sandy – the largest FEMA grant in the history of the agency. Half of the funds will be designated for repairs, while the other half will be aimed at implementing resiliency measures to better protect developments from future disasters. The funding is authorized by FEMA’s Alternative Procedures, which provides a lump sum payment instead of the typical incremental funding by FEMA

The Center for NYC Neighborhoods today launched a new webbased tool that tracks the 16,000 one- to four-family homes on the NYC Department of Finance’s 60-day lien sale list: cnycn.org/taxliensale. Every year, the Department of Finance sells the liens of properties that have unpaid debts – including property taxes, water bills and other charges –which can result in an increased financial burden for families already behind on their bills, and even result in foreclosure