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SCHUMER: OVER 40 PERCENT OF DUTCHESS COUNTY’S 20,000 VETS DON’T UTILIZE PROPERTY TAX BENEFITS...

New York, NY - June 17, 2013 - (RealEstateRama) -- Today, at the Dutchess County Office Building, U.S. Senator Charles Schumer launched a two-pronged plan to help ensure that veterans returning home to Dutchess County from Iraq and Afghanistan are receiving critical benefits that will allow them to afford a home and live stable civilian lives. Schumer highlighted county data that shows that about 40 percent of the over 20,000 veterans in Dutchess have not applied for the property tax benefit for veterans that is available to them and worth hundreds of dollars a year. A disconnect in communication between the Department of Veterans Affairs (VA) and localities that administer federal and state benefits are to

STATEMENT OF MAYOR MICHAEL R. BLOOMBERG ON PASSAGE OF THE CITY’S LEGISLATION TO REFORM...

WASHINGTON, D.C. - June 14, 2013 - (RealEstateRama) --"Today, the New York State Legislature passed important City-proposed legislation that will allow for significant reforms to the board of the New York City Housing Authority and streamline its management. Moving forward, board members will no longer be salaried, but rather serve in part-time positions with stipends for time dedicated to board activities. This bill will also increase the overall size of the Housing Authority’s board from four to seven and provide for additional tenant representation with three of the seven board members being required to be public housing residents, ensuring a more diverse range of views. Across the country, cities have abandoned public housing, but we refused to do that.

New York State Senate Passes Klein Bill to Stop Homeowner Insurance Scams

ALBANY, NY - June 12, 2013 - (RealEstateRama) -- On Tuesday, the New York Senate passed legislation to protect homeowners from insurance scams by establishing a strict firewall between public adjusters and contractors. The legislation (S.3771A) was written by Senator Klein in response to a series of complaints filed by homeowners against City Island-based Adjustrite, a contracting firm that had established a coordinated scheme whereby a public adjuster directed homeowners to a local contractor with whom he worked and had a nefarious financial arrangement. The bill, known as the “Gayla Marsh Bill,” was named after Gayla Marsh, who fell victim to Adjustrite. Her son, Chancy Marsh, notified Senator Klein’s office and, together, identified other victims of Adjustrite

Using Eminent Domain to Address Underwater Mortgage Debt

NEW YORK, NY - June 11, 2013 - (RealEstateRama) -- With more than 11 million homes still “underwater,” the mortgage debt overhang caused by the housing bubble remains an impediment to economic growth and a burden on communities across the country. One possible solution to this problem is for state and municipal governments to use their eminent domain authority to purchase and restructure underwater mortgages. This novel solution is proposed in a new report from the Federal Reserve Bank of New York

Senate Approves Bills to Cut Red Tape That Hurts Job Creation

New York, NY - June 11, 2013 - (RealEstateRama) -- The New York State Senate passed 14 regulatory reform bills today as the first part of a major initiative, that includes statewide public forums, to identify and eliminate thousands of costly and unnecessary government regulations that inhibit job creation and drive up local property taxes.

Museum of the City of New York Hosts Talk with New York-based Architect and...

New York, N.Y. - June 11, 2013 - (RealEstateRama) -- Join acclaimed architect and interior designer William T. Georgis and several artisans with whom he collaborates—Michele Oka Doner, Nancy Lorenz, and Mike Gracie—for a lively discussion of his work and new book, Make It Fabulous: The Architecture & Designs of William T. Georgis on Thursday, June 13

Realtor simplifies New York property search for agents and buyers alike with online IDX...

EUGENE, OR - June 11, 2013 - (RealEstateRama) -- Warwick, New York property listings are now synced automatically to the website built by Linda Czubak and affiliated with the IDX, Inc. revolutionary IDX Broker software. As a member of the Greater Hudson Valley MLS (GHVMLS), Czubak has long had access to thousands of detailed New York area property listings. Now, her clients can experience the same level of unprecedented access, being able to view real estate listings that were once classified only for agents and broker to view, right on the convenient IDX enabled website Czubak hosts. The New York based real estate business Czubak manages is also now completely mobile, thanks to the IDX Broker application for iPhone.

Realtor simplifies New York property search for agents and buyers alike with online IDX...

EUGENE, OR - June 11, 2013 - (RealEstateRama) -- Warwick, New York property listings are now synced automatically to the website built by Linda Czubak and affiliated with the IDX, Inc. revolutionary IDX Broker software. As a member of the Greater Hudson Valley MLS (GHVMLS), Czubak has long had access to thousands of detailed New York area property listings. Now, her clients can experience the same level of unprecedented access, being able to view real estate listings that were once classified only for agents and broker to view, right on the convenient IDX enabled website Czubak hosts. The New York based real estate business Czubak manages is also now completely mobile, thanks to the IDX Broker application for iPhone

HPD, NYCHA, & HHC Announce New Initiative to Help Keep City’s Promise to Double...

New York, NY - June 10, 2013 - (RealEstateRama) -- NYC Department of Housing Preservation and Development (HPD) Commissioner Mathew M. Wambua attended the 13th Annual New York State Supportive Housing Conference today where he announced that later this month, HPD in partnership with the NYC Housing Authority (NYCHA) and NYC Health and Hospital Corporation (HHC), will be issuing a Request for Qualifications (RFQ) to identify qualified developers to help the City in its efforts to double its production of supportive housing.

Gillibrand Urges SBA to Expedite Disaster Loans for Nearly One Thousand Small Biz and...

New York, NY - June 10, 2013 - (RealEstateRama) -- With nearly one thousand New Yorkers facing delays on securing Sandy-related federal loans and hundreds more still waiting on a final decision on their disaster loan applications, U.S. Senator Kirsten Gillibrand today urged the U.S. Small Business Administration (SBA) to expedite and streamline the disaster loan application process for New York businesses and homeowners devastated by Superstorm Sandy. Senator Gillibrand is also urging the agency to ensure that disaster loans are in fact low-interest, since the SBA has discretion to set the interest rate for each individual applicant, with rates set as high as eight percent

IDX Broker software employed by Temra Taylor to help simplify the online real estate...

EUGENE, OR - June 10, 2013 - (RealEstateRama) -- IDX, Inc. welcomes Temra Taylor to the growing network of agents and brokers who have chosen IDX Broker software, as a way of revolutionizing their real estate websites. Plainview, New York properties can now be found on one convenient IDX enabled website, that of Taylor, where they can search quickly and easily for their dream home. As a member of the Long Island MLS (MLSLI), Taylor has long had access to thousands of detailed property listings on the MLSLI. Now, her clients can experience unprecedented access and ease during the online search, with the IDX solution Taylor hosts

Customized search tools enabled on the Southwest Indiana real estate website of Joyce Beymer,...

EUGENE, OR - June 10, 2013 - (RealEstateRama) -- Today, real estate broker Joyce Beymer and IDX, Inc. announce the unveiling of the unique, thorough, and comprehensive real estate website Beymer has synced with an IDX solution. The IDX Broker software she has integrated onto her search page gives Beymer and her clients a detailed database of Rhinebeck, New York listings, displaying thousands of Mid Hudson MLS (MHMLS) listings seamlessly and instantly. Home seekers can experience an online property search comparable to none, thanks to the IDX enabled website Beymer hosts.

Tenants Rally and Testify for Stronger Rent Law Enforcement

- June 10, 2013 - (RealEstateRama) -- NYC Tenants and grassroots organizations from around the city will gather at a rally in support of stronger regulations for rent law enforcement, in order to prevent illegal overcharges, harassment and eviction. Immediately following the rally, tenants will testify at a hearing to review the state housing agency's proposed amendments the rules regarding rent regulation enforcement.

Department of Environmental Protection Completes Green Infrastructure Projects in Brooklyn That Will Improve Water...

New York, NY - June 7, 2013 - (RealEstateRama) -- New York City Department of Environmental Protection (DEP) Commissioner Carter Strickland today joined New York State Department of Environmental Conservation (DEC) Regional Director Venetia Lannon to announce that the recently completed installation of green infrastructure in the Bushwick section of Brooklyn will prevent more than one million gallons of stormwater from reaching the combined sewer system each year and thereby improve the health and cleanliness of the water in Newtown Creek and New York harbor.

Senate Majority Coalition Announces Major Initiative to Eliminate State Regulations That Cost Money and...

New York, NY - June 7, 2013 - (RealEstateRama) -- Senate Republican Conference Leader Dean Skelos and Independent Democratic Conference Leader Jeff Klein today announced that the Senate Majority Coalition will begin an unprecedented initiative to identify and eliminate thousands of costly and unnecessary government regulations that strangle business and job growth and drive up municipal and school property taxes.

JMC Holdings, LLC Hires Head of Asset Management to Oversee Rapidly Expanding Portfolio

New York (June 6, 2013) – JMC Holdings, LLC, a burgeoning real estate investment company launched by Matt Cassin and David Taylor, announced this week that Christopher Deppoliti has been hired as the company’s Head of Asset Management. In his role, Deppoliti will be responsible for overseeing JMC Holdings’ real estate investment portfolio and monitoring the performance of individual assets, which includes commercial and residential properties located in Manhattan and along the East Coast.

Assembly Approves Legislation to Strengthen Mitchell-Lama Housing Program

WASHINGTON, D.C. - June 6, 2013 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Housing Committee Chair Keith L.T. Wright today announced the approval of a comprehensive package of legislation that would help to preserve Mitchell-Lama housing by increasing protections for current tenants and changing eligibility requirements to allow more middle-class families to participate in the program.

HPD & HDC Join Barrier Free Living And Alembic To Break Ground On New...

Bronx, NY - June 5, 2013 - (RealEstateRama) -- New York City’s Housing Development Corporation (HDC),the Department of Housing Preservation and Development (HPD and the Mayor’s Office for People with Disabilities (MOPD), along with the New York State Homeless Housing and Assistance Corporation (HHAC)joined Barrier Free Living (BFL), Alembic Developmentand Foxy Management on East 139th Street in the Bronx today to celebrate the start of construction on Barrier Free Living Apartments, BFL’s first permanent supportive housing development that, when complete, will provide 120 apartments with a preference for the disabled and survivors of domestic abuse. Also in attendance were project partners and supporters including theCorporation for Supportive Housing (CSH), Citi Community Capital, Richman Housing Resources and local elected officials.

Citi, L+M Development Partners Announce $150 Million New York Affordable Housing Preservation Fund II

New York, NY - June 5, 2013 - (RealEstateRama) -- Citi and L+M Development Partners (L+M) have launched a second New York Affordable Housing Preservation Fund. NYAH II, a $150 million real estate private equity venture, is designed to be an entrepreneurial solution to stem the loss of affordable housing particularly in low- and moderate-income neighborhoods in New York City.

State Announces Construction Underway on Supportive Housing in the Bronx

New York, NY - June 5, 2013 - (RealEstateRama) -- The State Office of Temporary and Disability Assistance (OTDA) today announced that ground has been broken on a project that will create 120 units of permanent supportive housing in the Bronx for chronically homeless domestic violence victims with physical disabilities and their families. Construction of the Barrier Free Living Apartments is being supported with $7 million from the State’s Homeless Housing and Assistance Program (HHAP).

Assembly Passes Comprehensive Sandy Insurance Reform Package to Protect Homeowners and Businesses in the...

New York, NY - June 5, 2013 - (RealEstateRama) -- Assembly Speaker Sheldon Silver and Insurance Committee Chair Kevin Cahill joined with colleagues to announce the Assembly's passage of an expansive legislative package that would help reform the arduous recovery and rebuilding process in the wake of widespread damages caused by Hurricane Sandy. The bills would establish a Homeowner's Bill of Rights, reform the insurance process to make it more timely and efficient and hold insurance companies to a higher standard of accountability.

A.G. Schneiderman Sues HSBC For Holding Hundreds Of Struggling Homeowners In Legal Limbo

BUFFALO - June 5, 2013 - (RealEstateRama) -- Attorney General Eric T. Schneider­­man today filed a lawsuit against HSBC Bank USA and HSBC Mortgage Corporation (USA) for failing to follow state law related to foreclosure actions, putting homeowners at greater risk of losing their homes. Under state law, residential mortgage lenders, servicers and their agents who sue to foreclose on a homeowner are required to file a “Request for Judicial Intervention” (RJI) when they file their proof of service with the county clerk. The process mandates that the lender then attend a settlement conference within 60 days. The purpose of this court-supervised conference is to provide an opportunity for borrowers to negotiate alternatives to foreclosure, including loan modifications that make mortgage payments more affordable, with the intent that they avoid losing their homes.

Department of State Board of Real Estate Appraisal to Hold Meeting

ALBANY, NY - June 4, 2013 - (RealEstateRama) -- The New York Department of State will hold a public meeting on Monday, June 10, 2:00 p.m. at 99 Washington Avenue in Albany, 65 Court Street in Buffalo, and 123 William Street in NYC. The Department’s Division of Licensing Services issues licenses to persons who conduct appraisals on real estate, and the Board of Real Estate Appraisal assists the Department in adopting rules and regulations relating to this discipline

Rebuilding Together, Lowe’s and Meredith Corporation Revitalize Devastated Homes in Gerritsen Beach, Brooklyn

New York, NY - June 3, 2013 - (RealEstateRama) -- On Thursday, June 6, Rebuilding Together, a Safe and Healthy Housing organization that believes Community Starts at Home, is joining together with 500 volunteers from presenting sponsors Lowe’s, Meredith Corporation and other key sponsors to renovate nearly a dozen homes and community areas devastated by Hurricane Sandy in the Gerritsen Beach section of Brooklyn, New York

Representative Clarke Commends the Extension of the Making Home Affordable Program

WASHINGTON, D.C. - June 3, 2013 - (RealEstateRama) -- BROOKLYN, NY – Today, Representative Yvette D. Clarke released the following statement after the Department of the Treasury and the Department of Housing and Urban Development announced an extension of the Making Home Affordable Program through December 31, 2015