New York RealEstateRama

Albany, NY - September 21, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the Empire State Development (ESD) Board of Directors has authorized the transfer of the Tryon Boys and Girls Center (Tryon Facility) to the Fulton County Industrial Development Agency (FCIDA) for redevelopment

Yonkers, NY - September 20, 2012 - (RealEstateRama) -- The revitalization of the Cottage Gardens public housing complex took another step forward today, as the Yonkers Industrial Development Agency (YIDA) voted to move ahead with a plan to demolish two of the housing complex’s deteriorated buildings and add a 50 unit mixed income affordable housing apartment building.

New York, NY - September 19, 2012 - (RealEstateRama) -- For the third year in a row, Nassau County Executive Edward P. Mangano delivered to the Legislature a No-Property Tax Increase Budget that reduces spending for a second consecutive year and continues to deliver essential services for the people of Nassau. Aggressive fiscal management and a continued commitment to spending cuts is evident as County Executive Mangano and the Republican Legislative Caucus have cut over $290 million in spending from Nassau’s budget. Since 2009, County Executive Mangano has fostered a government of less spending, fewer employees and fewer appointees

NEW YORK, N.Y. - September 19, 2012 - (RealEstateRama) -- City Comptroller John C. Liu today announced a new housing study, “Rents through the Roof,” that found middle-income New Yorkers are increasingly being squeezed by rising rents. Unfortunately, however, they can expect little relief from existing plans to create affordable housing

New York, NY - September 14, 2012 - (RealEstateRama) -- NYCHA Chairman John B. Rhea announced the recent receipt of $44 million in low-income housing tax credit equity payments associated with NYCHA’s Federalization transaction. The purpose of the Federalization transactions was to make necessary repairs to the portfolio of 21 housing developments while also securing an additional $65-75 million in recurring annual federal operating and capital subsidies for 11,743 apartments at 13 of the 21 sites.

Albany, NY - September 14, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that $72 million is available through New York State Homes & Community Renewal (HCR) for shovel-ready projects to build affordable housing units across the state.

WASHINGTON, DC - September 14, 2012 - (RealEstateRama) -- Congressman Gregory W. Meeks (D-NY), a senior member of the House Financial Services Committee, released the following statement today in support of the Federal Reserve’s plan to strengthen the economy:

YONKERS, NY - September 7, 2012 - (RealEstateRama) -- Yonkers Mayor Mike Spano announced today that City taxpayers no longer will continue to subsidize free trash collection for local commercial properties in downtown Yonkers, saving taxpayers $300,000 per year. Starting November 15, the City of Yonkers will discontinue trash removal services for commercial businesses located within the Yonkers Downtown/Waterfront Business Improvement District (BID).

New York, NY - August 28, 2012 - (RealEstateRama) -- In advance of a New York State Homes and Community Renewal (HCR) hearing on revisions to the Rent Stabilization Code, tenants, community leaders and elected officials banded together to call the proposed changes inadequate. Tenants and elected leaders demanded tough new enforcement rules, and called on Governor Cuomo to champion these efforts for stronger tenant protections.

New York, NY - August 27, 2012 - (RealEstateRama) -- Tomorrow morning, dozens of tenants, community leaders and elected officials will join together and call on Governor Cuomo to issue new rules for rent law enforcement. For over a year, a crucial portion of the 2011 rent laws has been ignored: a promise to revise the Rent Stabilization code and add new rules and regulations. These news rules could increase New York State Homes and Community Renewal's power to prevent landlord fraud, unsanctioned rent increases, and illegal evictions

New York, NY - August 27, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today announced that the state has secured an agreement to acquire the final piece of property needed to advance the U.S. Peace Bridge Plaza enhancement project, breaking through years of paralysis that has impeded the new plaza's progress. Lieutenant Governor Robert J. Duffy held a press conference with local officials today in Buffalo to mark this major milestone in the development of the Peace Bridge Plaza.

New York, NY - August 24, 2012 - (RealEstateRama) -- In 2009, the United States Congress passed the American Recovery and Reinvestment Act (ARRA), providing $5 billion nationally for the Weatherization Assistance Program (WAP), and HCR received approximately $396 million. Our WAP sub-grantees put this funding to work-making more than 70,000 homes of low-income people safe, affordable, and energy efficient-far exceeding our original goal of 45,000 housing units.

Hauppauge, NY - August 23, 2012 - (RealEstateRama) -- The Department of Health Services, said today that the beach closure issued for Bay Hills Property Owners Association Beach in Huntington Bay has been lifted, as results of recent samples collected show the water quality to be within acceptable levels.

NEW YORK, NY - August 23, 2012 - (RealEstateRama) -- The Federal Reserve Bank of New York will release its Q2 2012 Quarterly Report on Household Debt and Credit Wednesday, August 29. The report will be available under embargo at 10 a.m. EDT for release an hour later.

New York, NY - August 23, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, announced today that Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan federal court for their roles in a $9 million mortgage fraud scheme in which 12 people were originally charged and 11 have pled guilty. Warren was sentenced to 51 months in prison and ordered to forfeit $1,993,000 after pleading guilty on April 11, 2012, to one count of conspiracy to commit wire fraud and bank fraud and one count of wire fraud. Parks was sentenced to time served and ordered to forfeit $2,554,000 after pleading guilty on April 19, 2012, to one count of conspiracy to commit wire fraud and bank fraud. U.S. District Judge Naomi R. Buchwald imposed both of today’s sentences.

Yonkers, NY - August 22, 2012 - (RealEstateRama) -- The Yonkers Industrial Development Agency (YIDA) today gave initial approvals for a $22 million redevelopment of five properties in downtown Yonkers into lofts, retail and restaurant space.

August 21, 2012 - (RealEstateRama) -- A beach closure was issued today for Southold Town Beach in Southold and Bay Hill Property Owners Association Beach in Huntington due to elevated bacterial numbers. West Meadow Beach in Stony Brook and Tanner Park Beach in Copiague are reopened, as results of recent samples collected show the water quality to be within acceptable levels.

Albany, NY - August 20, 2012 - (RealEstateRama) -- Governor Andrew M. Cuomo today signed a series of bills as part of the NY-Sun initiative that will make solar energy more affordable for homeowners and businesses as well as create new jobs in the state’s growing solar energy sector.

New York, NY - August 10, 2012 - (RealEstateRama) -- Cyclists swamped Park Avenue South today in the family-friendly Ride for the American Dream protest of a “race to the bottom” at some luxury residential buildings developed by TF Cornerstone

YONKERS, NY - August 10, 2012 - (RealEstateRama) -- Yonkers Mayor Mike Spano is calling upon volunteers in Yonkers and the Westchester County area to assist seniors with foreclosure prevention. Yonkers Office for the Aging and Westchester Residential Opportunities (WRO) will host an informational session for volunteers Tuesday, August 21 from 2pm to 3:30pm at the Chema Center at 430 Riverdale Avenue in Yonkers to discuss the foreclosure prevention outreach.

New York, NY - August 10, 2012 - (RealEstateRama) -- With more than 120,000 members in eight states and Washington, D.C., including 70,000 members in New York, 32BJ SEIU is the largest union of property service workers in the country and the largest private sector union in the states

NEW YORK, N.Y. - August 9, 2012 - (RealEstateRama) -- City Comptroller John C. Liu announced today that over the past fiscal year, his office recovered $1,978,370 from the insurance companies of individuals who damaged or destroyed City government property. The amount is the highest ever recovered for damage claims by the City Comptroller’s office, and marks a 34% increase over last year’s total, the prior record.

Patchogue, NY - August 8, 2012 - (RealEstateRama) -- Congressman Tim Bishop is leading the effort in Congress to protect the tax deductions for mortgage interest and charitable contributions from being reduced or eliminated next year. Last week, Bishop offered an amendment to preserve the deductions in a tax reform package to be considered under expedited procedures in the House in 2013; however, Bishop's amendment was defeated on a party-line vote

WASHINGTON, DC - August 7, 2012 - (RealEstateRama) -- Senator Charles Schumer (D-NY), Rep. Carolyn Maloney (D-NY), and Senator Kirsten Gillibrand (D-NY) along with Reps. Patrick McHenry (R-NC), Jerrold Nadler (D-NY), and Michael Grimm (R-NY) have introduced the “Interstate Land Sales Disclosure Act Update of 2012” (S. 3499/H.R. 6337) to allow condominium developers and their lenders some certainty as the economy continues to recover

New York, NY - August 3, 2012 - (RealEstateRama) -- Nassau County Executive Edward P. Mangano and the Nassau County Industrial Development Agency today announced the approval of an economic development compact for a proposed $93 million complex in downtown Mineola that will provide much needed housing for working young professionals and affordable housing for seniors.