New York RealEstateRama

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Shopping Center, U.S. Senator Charles E. Schumer urged the Federal Emergency Management Agency (FEMA) to examine the outdated flood maps that have incorrectly placed the Johnstown Shopping Center, as well as up to 50 other properties in the surrounding area, in the Cayudutta Creek’s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

Initiative Estimated to Provide At Least $100 Million in Building Work to Reduce City Emissions While Lowering Energy Costs, Preserving Funds for Vital Repairs and Upgrades, and Creating Hundreds of Green Jobs.

Through a series of competitive Energy Performance Contracts (EPC), it is estimated that at least $100 million in work will occur across nearly 300 NYCHA developments to upgrade and retrofit thousands of buildings, dramatically reducing greenhouse gas emissions and generating tens of millions of dollars in cost savings, as well as creating more than 500 jobs.

After fees, manager performance is $2.5 billion below benchmark over 10 years, new analysis of City pension system reveals. Calls for review of investment fee structure, alignment of pay with performance.

Turner's Interiors group in New York recently turned over 120,000 square feet of luxury retail space within Brookfield Property Partners’ 375,000-square-foot retail offering at Brookfield Place.

Governor Andrew M. Cuomo today announced a $160 million investment designed to grow large scale clean energy projects statewide. As part of the State’s Reforming the Energy Vision (REV) strategy, this funding is being made available to support public-private sector partnerships in clean energy projects. Funding will be administered competitively, and proposals will improve energy affordability and reliability, while also expanding new economic development opportunities and protecting the environment.

Governor Andrew M. Cuomo today announced a $160 million investment designed to grow large scale clean energy projects statewide. As part of the State’s Reforming the Energy Vision (REV) strategy, this funding is being made available to support public-private sector partnerships in clean energy projects. Funding will be administered competitively, and proposals will improve energy affordability and reliability, while also expanding new economic development opportunities and protecting the environment

Earlier today, federal agents arrested Stacey Stackhouse, the former executive director of Village of Hempstead Housing Authority (VHHA) and James Alimonos, Michael Lambros, and Demetrios Kaouris, who performed construction work for the agency, for their involvement in a wire fraud conspiracy in connection with the theft of federal funds.

Eastman Business Park Will Use Funding For Manufacturing And Job Creation Opportunities In Rochester. The project aims to provide technology entrepreneurs with more efficient and economical pathways to develop their businesses.

The Federal Home Loan Bank of New York (FHLBNY) and MAX Exchange (MAX), a multi-seller to multi-buyer exchange and clearing house for residential mortgage loans, announced a pilot program that will enable approved FHLBNY members to sell conforming and jumbo residential whole loan mortgages on an open exchange platform.

Earlier today, federal agents arrested Stacey Stackhouse, the former executive director of Village of Hempstead Housing Authority (VHHA) and James Alimonos, Michael Lambros, and Demetrios Kaouris, who performed construction work for the agency, for their involvement in a wire fraud conspiracy in connection with the theft of federal funds.