New York RealEstateRama

Senate Democratic Leader Andrea Stewart-Cousins and her Senate colleagues have released their 2015-16 State Budget priorities. The priorities include:  adding another $2 billion in funding for education;  increasing the minimum wage; creating more affordable housing and job opportunities through capital projects; increasing aid to local municipalities to help reduce property taxes; increased funding for EPIC, the prescription drug plan for seniors, and for kinship care. The list of priorities, in the form of a budget letter to the republican Senate Majority Leader

Today, Rep. Jerrold Nadler sent the following letter to the New York City Planning Commission and the New York City Department of Housing Preservation and Development regarding maintaining affordability within Riverside South

Administration Proposed Cutting $200 Million from HUD’s Community Development Block Grant (CDBG) Program In Upcoming Fiscal Year – Rochester Received More Than $9.5 Million in Funding in 2014 Alone & It Is A Major Driver In City-Wide Development; CDBG Funding Has Allowed the City to Create and Retain Thousands of Local Jobs for Low-Income Workers

Congresswoman Nita M. Lowey (Westchester/Rockland), the Ranking Member on the House Appropriations Committee, today announcedmore than $3.8 million in new Early Head Start grants from the U.S. Department of Health and Human Services (HHS) to organizations in the Lower Hudson Valley

New York real estate heir Robert Durst was charged today with the 2000 murder of his friend, Susan Berman, the Los Angeles County District Attorney’s Office announced. Durst (dob 4/12/43) is charged in case SA089983 with one count of first-degree murder with the special circumstances of murder of a witness and lying in wait and gun use allegations

“NYCHA residents live in deteriorating and unsafe buildings where conditions like mold, broken fire doors, leaking roofs, and falling plaster ceilings consistently plague developments in all five boroughs."

While the property’s apartments and common areas have been renovated over the years, Rose is analyzing the feasibility of a new renovation program, which would include combining units to create more three- and four-bedroom apartments.

Assembly Speaker Carl Heastie, Housing Committee Chair Keith L.T. Wright and Social Services Committee Chair Andrew Hevesi today announced the Assembly's Families First budget proposal commits more than $645 million for housing rehabilitation and community development programs, as well as services to prevent homelessness to ensure that all New Yorkers have a place to call home.

"Without 421-a, our housing crisis will take an immediate turn for the worse."

The funding was obtained by Franklin Place New York, LLC, a two-year, interest-only loan that carries an unprecedented starting interest rate of 8%.

More than $645 million for housing rehabilitation and community development programs, as well as services to prevent homelessness to ensure that all New Yorkers have a place to call home.

With its large size and location in the heart of downtown Albany, the project site offers a unique opportunity for major development in the city’s downtown urban core.

As the State Senate Coalition announced its $139.7 billion one-house budget resolution on Wednesday, State Senate Coalition Co-Leader Jeff Klein (D-Bronx/Westchester) and the members of the Independent Democratic Conference unfurled key achievements for New York’s hardworking families.

The New York State Senate Republican Majority will act this week on its “Brighter Future” budget plan that creates a new property tax rebate program for middle-class homeowners, extends historic opportunities to students and makes significant investments in New York’s infrastructure to create good-paying jobs

The CDBG program provides the Cities of Binghamton, Elmira and Ithaca, as well as other municipalities like it around New York and the nation, with critical funding for transformative and unique development projects.

The properties are located at 150 Park Avenue and 1150 Mt. Hope Avenue in Rochester, New York, and include a total of 52 units.

About 1,000 Bronx residential workers, 32BJ Union Leaders, Congressman Charlie Rangel, Congressman José Serrano, Bronx Borough President Ruben Diaz Jr., and other elected officials

Results from the February 2015 Survey of Consumer Expectations (SCE) paint a multifaceted picture of the direction of the US economy. Median consumer inflation expectations at the short term horizon declined slightly to 2.8 percent, but remained stable at the three-year horizon. Both home price expectations and household spending change expectations fell to their lowest levels since the inception of the survey in June 2013

The Free File program is an essential resource for every New Yorker. The free tax filing service helps millions of people save money every year and claim credits like the Earned Income Tax Credit

With more than 1,000 new rental residences currently under construction throughout Nassau.

Individuals will have the opportunity to live in an apartment alone, with a roommate, or with a trained family. Apartments will be equipped with remote technology tailored to the medical needs of each person.

As a leading provider of supportive housing services in New York City, CUCS strongly supports a New York/New York IV agreement to create 30,000 units of supportive housing over the next ten years. We urge Governor Cuomo and Mayor de Blasio to partner and make this a reality for New York and you can too by pledging to stand against homelessness. In a great op-ed in the Daily News, our colleague at the National Coalition for the Homeless advocates for more

American Realty Advisors, an institutional real estate investment manager with approximately $6.7 billion in assets under management, has acquired the Shoppes at South Hills, a grocery-anchored retail power center in Poughkeepsie, New York. This asset was acquired in a joint venture with DLC Management Corporation, a privately-held, vertically-integrated owner, operator, and manager of shopping centers throughout the United States

The Western New York Regional Economic Development Council (WNYREDC) will hold a Consolidated Funding Application (CFA) Technical Conference from 1 to 4 p.m. on Wednesday, March 11 at the Chautauqua Suites Hotel and Expo Center, 215 West Lake Road in Mayville.

Senate Democratic Leader Andrea Stewart-Cousins announces that applications are being accepted for the $20 million, new NY Bridge Community Benefits Program. The 35th State Senate District that Senator Stewart-Cousins’ represents includes Tarrytown and other rivertowns within the Town of Greenburgh where the bridge is being constructed