$147,000,000 — Negotiated Sale
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$147,000,000 — Negotiated Sale
$300,000,000 — Negotiated Sale
New York’s new rent law, signed in June, bars landlords from collecting more than one month’s security deposit from prospective tenants. But that hasn’t stopped brokers and property owners from demanding larger sums from apartment hunters a “good faith” deposit that can cost applicants dearly if they have second thoughts.
The final documents to begin redeveloping the former Manufacturers Hanover building are being revised with input from area CEOs.
As New York State’s Division of Homes and Community Renewal recently noted in a memo, it is the Board that will decide whether landlords can up their rents on these empty apartments based on the renewal increases approved by the board for one- and two-year leases.
New York State Homes and Community Renewal, Auburn Housing Authority and 3d Development Group, LLC have partnered to refurbish Malone Village. The phase 1 renewal site is complete with phase 2 of the housing complex now under construction.
Chautauqua Home Rehabilitation and Improvement Corporation (CHRIC) has been awarded funding by the New York State Office of Community Renewal for three home repair programs designed to assist people with disabilities who need accessibility modifications, including funding dedicated specifically to veterans who need accessibility modifications, and seniors who have emergency repair needs.
A Mitchell-Lama co-op in East Flatbush has been the scene of a legal drama concerning its board and allegations of poor living conditions, despite scoring an $11 million state loan for needed repairs.
State Sen. Julia Salazar introduced a bill in the New York State Senate yesterday to place new limitations on buyouts of rent-regulated apartments. The legislation, if approved, would go into effect July 1, 2020.
It’s been over two months since the new package of laws protecting tenants were made official in New York state. The landmark bill, the Housing Stability And Tenant Protections Act of 2019, included several protections that activists had long advocated for under the fight for “universal rent control.”
Some real estate brokers in New York City continue to charge prospective renters more than $20 for application fees despite a new state law that prohibits landlords from doing so.
The NY Rising Housing Recovery Program was developed to facilitate home repairs, rehabilitation, mitigation, and elevation for the owners of storm-damaged properties on Long Island and in the New York upstate region affected by Superstorm Sandy, Tropical Storm Lee, and Hurricane Irene. LiRo provided oversight and coordination of program and construction management to ensure the program policies were established and implemented efficiently, cost-effectively, and in compliance with all governing regulations.
Eligibility requirements were announced Aug. 30 for the 2019 Lake Ontario-St. Lawrence River Flood Relief and Recovery Program that will assist homeowners directly impacted by this year’s record breaking Lake Ontario flooding.
The grants were awarded through the GLDC's microenterprise program, which awards up to $20,000 to eligible small businesses.
MacFarquhar, a Wellsville resident, questioned changes in the original plan for 23 North when the rehabilitation project was presented to the public in late 2017. During that event in the auditorium of the David A. Howe Library, officials said the village and town would move into commercial space at 23 North, paying only utilities at the former Burrous Building. The move would allow the village to sell the Municipal Building and place it back on the tax rolls.
Hunt Real Estate Capital, a lender focused on affordable housing, provided over $192 million to finance the purchase and renovation of over 1,300 units of housing in Bushwick.
Dunn Development Corp. announced the closing of financing for Austin 147, a residential new construction building that will feature 80 units of supportive and affordable rental housing for low and moderate-income families.
The Herkimer County legislature has unanimously voted to approve a $400,000 grant application for the new Adirondack Food and Fuel.
Moody's Investors Service has assigned a rating of Aa2 to the proposed approximately $201 million of New York State Housing Finance Agency (the "Agency" or "NYS HFA") Affordable Housing Revenue Bonds, 2018 Series F (Climate Bond Certified/Green Bonds), and Affordable Housing Revenue Bonds, 2018 Series G (the "2018 Series F and G Bonds"). Moody's also maintains a Aa2 rating with a stable outlook on all outstanding parity debt issued under the Agency's General Resolution adopted on August 2007 (the "Resolution"). This rating action does not apply to bonds issued as part of the New Issue Bond Program ("NIBP") under the 2009 Supplemental Series Indenture, which are also rated Aa2.