NYCEDC President Maria Torres-Springer, Council Member Donovan Richards, other local elected officials, City Planning Commission (DCP) Chairman Carl Weisbrod and Department of Housing and Preservation (HPD) Commissioner Vicki Been today announced the Roadmap for Action, an expansive, interagency plan to reestablish Downtown Far Rockaway as the commercial hub of the Rockaway peninsula.

According to a new report, becoming a homeowner in New York City’s real estate market is a considerable challenge for the vast majority of New York City households—including those earning up to six figures—due to the city’s severely constrained supply of affordable home-buying opportunities. And homeownership prospects do not necessarily improve by moving out of the city to the surrounding New York suburbs.

The workers at Acadia Realty Trust’s CityPoint Brooklyn residential building help make the building home for tenants and are proud to be part of the community but Acadia uses a contractor called Kent Services that employs the workers at CityPoint at substandard wages– in fact workers just next door make almost 50% more than they do

Members of 32BJ SEIU, the nation’s largest property services union, have voted to endorse State Representative Terry Adams in Stamford for the Democratic Primary on August 9 — a vote they will support with volunteer canvassing work through next Tuesday’s primary.

Driven by a very strong second quarter, home sales were up by 15.4 percent though the first six months of 2016 compared to the first half of 2015, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price increased by 2.2 percent compared to a year ago at the end of the June

The Urban Land Institute (ULI), a global research and education institute dedicated to responsible land use and building thriving communities, has been awarded a $100,000 grant from the New York Community Trust to raise awareness and encourage the use of resilient building practices in New York City, and to foster a greater understanding among the public and private sector nationwide regarding the many benefits of building for resilience.

MERSCORP Holdings, Inc. today announced the Appellate Division of the Fourth Judicial Department in New York unanimously overturned the trial court’s order and found that a mortgage for which MERS was the original mortgagee was valid, and granted J.P. Morgan Chase Bank’s (the “Bank”) motion for summary judgment in its’ foreclosure action.

In a victory for communities across New York State that are still struggling to recover from the foreclosure crisis, both houses of the Legislature passed two pieces of legislation that, combined, will have a tangible impact on upstate and Long Island communities still struggling to recover from neighborhood blight caused by the recession and the foreclosure crisis. Today, Governor Cuomo signed these two important pieces of legislation into law

Upon the completion of the 2016 Legislative Session, Empire Justice Center was excited to see significant strides in addressing wage theft, and two huge victories that will impact the ongoing effects of the forclosure crisis on homeowners and communities.  At the same time, the organization also expressed incredible disappointment that, for the third year in a row, essential protections for crime and domestic violence victims were not enacted by the New York State Senate.

With a nearly 10-percent increase in home sales compared to May 2015, the New York State housing market posted its 16th consecutive month of growth compared to the same month in the prior year, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price grew by 3.2 percent compared to a year ago.

MERSCORP Holdings, Inc. and Intercontinental Exchange (NYSE: ICE), today announced that ICE will acquire a majority equity position in MERSCORP Holdings, Inc., owner of Mortgage Electronic Registration Systems, Inc. (collectively “MERS”). In addition, ICE and MERS have entered into a software development agreement to modernize and enhance the MERS® System.

Partnership Elects New Board Members, Presents Awards to New York City Dept. of Small Business Services, Honors Security Efforts, Unveils Video Focusing on Neighborhood Transformation

Environmental groups are applauding the Cuomo Administration for announcing that New York State will participate in a federal auction to obtain a lease for offshore wind energy development in an area 11 miles off the Rockaways. By signaling their intent to pursue this lease and facilitate the development of an offshore wind project, the Cuomo Administration is showing much-needed innovative leadership to finally launch an offshore wind industry for New York

The Federal Reserve Bank of New York today released results from its February 2016 SCE Housing Survey, which provides information on consumers' housing-related experiences and expectations. The survey shows a modest decline in home price growth expectations. However, the majority of households still view housing as a good financial investment. Mortgage rate expectations have declined since last year’s survey, and renters’ perceived access to mortgages has become easier.

A report released today documents how borrowers with limited English proficiency (LEP) face a heightened vulnerability to fraud and predatory practices when navigating the financial system.

The New York State Association of REALTORS (NYSAR) was joined by New York State Senator Betty Little (R-Glens Falls) and Assemblymember Phil Ramos (D-Brentwood) on REALTOR Lobby Day in support of the NY First Home legislative proposal designed to assist New Yorkers in their quest to become first-time homeowners. The program would create a new tax-free savings account to help cover costs associated with the purchase of a first home in the state

A new report by the NYU Furman Center explores gentrification within the context of New York City's neighborhoods. Of the city's 55 neighborhoods, the report classifies 15 as "gentrifying" and analyzes how their housing and population have changed over the past two decades.

York State Homes and Community Renewal (HCR) today announced the completion of an extensive upgrade and modernization program for Brighton Towers, a 600-unit, two-building Mitchell-Lama complex in the South Valley neighborhood of Syracuse, that will keep rents affordable to seniors and households of limited means for an additional 40 years. The $45 million acquisition and renovation of the property was largely financed through Governor Andrew M. Cuomo’s New York State Homes and Community Renewal (HCR).

As Contract Expiration Date Looms, New York Security Officers March for Good Jobs and Benefits. With the contract deadline fast approaching on April 30, hundreds of security officers—members of 32BJ SEIU—marched through downtown Manhattan Monday, April 4 at 4 pm to demand a fair contract.

The HomeOwnership Center (HOC), headquartered in Utica, NY, is now accepting applications for the City of Utica’s Homeowner Occupied Rehabilitation Program. Rehabilitation projects funded under this grant are targeted to be completed during 2016

Brooklyn District Attorney Ken Thompson, together with New York City Department of Investigation Commissioner Mark G. Peters, today announced in a 40-count indictment that a contractor, his subcontractor and a foreman have been variously charged with stealing over $1 million in wages by underpaying 27 employees who worked on a construction project in Brooklyn that was financed by the New York City Housing Authority (NYCHA). The defendants allegedly instructed the workers to lie to integrity inspectors about how much they were actually earning and also demanded kickbacks from four workers.

The New York State housing market started the new year on a strong note as closed sales jumped more than 13 percent compared to January 2015 to reach 7,640, according to the housing market report released today by the New York State Association of REALTORS (NYSAR). The January 2016 statewide median sales price remained unchanged compared to a year ago

Building service workers union 32BJ SEIU said today that 24 contracted cleaners at WeWork who fought to improve their jobs last year returned to the co-working start-up’s offices in New York this week for their first days of work with a new contractor.

“The New York State Association of REALTORS (NYSAR) and its 50,000 REALTORS applaud Gov. Andrew M. Cuomo for his newly launched Fair Housing Enforcement Program. New York State’s REALTORS vigorously support the ideal that no one should be discriminated against based on race, color, national origin, disability or familial status as well as the additional protected classes under New York State Law including sexual orientation, military status, age or being a victim of domestic violence.

With more American businesses installing solar than ever before, the Solar Energy Industries Association (SEIA) is gathering the brightest minds in the solar, corporate, finance and legal sectors under one roof in New York City for the inauguralSolar Goes Corporate event. On Feb. 17, inside The New York Times Building, event attendees will have a chance to hear how to successfully develop, deploy and invest in solar projects – all while saving money and cutting their companies’ carbon footprint along the way.