Tag Archives: new york city news

Owner of Applied Construction Inc. Sentenced for Underpaying 16 Workers On NYC Affordable Housing Project

(Source: Attorney General Eric T. Schneiderman) – Attorney General Eric T. Schneiderman today announced the sentencing of Applied Construction Inc., its owner, Mohammad T. Riaz, its manager, Mohammad Arshad, and two foremen, Zbigniew Lakomiec and Socrates “Tony” Carrera, for failing to pay prevailing wages to workers on a public works construction project at a residential […]

NY Governor Cuomo Strives to Help Protect Spanish-Speaking Tenants

(Source: Governor Andrew M. Cuomo) – Governor Andrew M. Cuomo today announced a major settlement agreement that will help make communities more just and affordable by ending the reported harassment and intimidation of mainly Spanish-speaking immigrant tenants in nearly 1,800 apartments within 49 buildings in Harlem, Washington Heights, Brooklyn and the South Bronx.

Queens Resident Admits Role in $1.7 Million Mortgage Fraud Scheme

(Source: FBI) – U.S. Attorney William J. Hochul, Jr. announced today that Sean Ola-Ojo, 33, from Queens, New York, pleaded guilty to a felony charge for his role in a mortgage fraud scheme, before U.S. District Judge David H. Larimer. The defendant faces up to 41 months in prison when sentenced.

NY Homeowners and Renters Encouraged to Apply for Home Energy Assistance Program – November 18th

(Source: Governor Andrew M. Cuomo) – Governor Andrew M. Cuomo today announced that households across the state can begin applying for heating assistance this winter through New York’s Home Energy Assistance Program (HEAP) on Monday, November 18. HEAP, which is overseen by the New York State Office of Temporary and Disability Assistance (OTDA), is a […]

Property Owners Reminded of Legal Obligations to Provide Heat and Hot Water to Tenants

(Source: HPD) – New York City Department of Housing Preservation and Development (HPD) Commissioner RuthAnne Visnauskas today reminded residential building owners of their legal obligation to provide tenants with hot water year-round and heat when the outdoor temperature warrants it.

Manhattan Property Sales Prices Reach New Peak in Q2 2013

(Source: Furman Center) – Manhattan sales prices have reached a new peak, surpassing the prior pre- recession peak achieved in the fourth quarter of 2007, according to the 2013 Quarterly Housing Update: 2nd Quarter released today by NYU’s Furman Center for Real Estate and Urban Policy. Citywide, sales prices have increased 10 percent since the […]

Habitat for Humanity Home Sales to Provide Shelter for Hurricane Sandy Victims on Staten Island

(Source: Douglas Elliman Real Estate) – The sale of one water view Hamptons home, brokered by Douglas Elliman Real Estate, will rebuild ten new homes for victims of Hurricane Sandy. The home at 108 Westminster Road in Watermill was bequeathed to the nonprofit organization Habitat For Humanity New York City when it hit the market […]

Mayor Bloomberg and Agencies Announce $732M in Funding for NYC Public Housing

(Source: Mayor Bloomberg) – Mayor Michael R. Bloomberg, New York City Housing Authority Chairman John B. Rhea, New York City Housing Development Corporation President Marc Jahr, and U.S. Housing and Urban Development Acting Regional Administrator Mirza Orriols today announced that the city’s latest capital project bond issuance has generated approximately $732 million – the largest […]

Real Estate Attorney Pleads Guilty to forging NYC Condominium Sales Documents

(Source: Attorney General Eric T. Schneiderman) – Attorney General Eric T. Schneiderman today announced the felony guilty plea of real estate attorney Eduard Fridman to securities fraud. Fridman admitted in State Supreme Court in Manhattan to forging six condominium plan acceptance letters from the Attorney General’s Real Estate Finance Bureau and filing certain of them […]

NACA Homeowner Event Being Held in NYC – July 18 – 22

(LoanSafe.org) – Homeowners and homebuyers are invited to this event to receive free mortgage assistance. Borrowers at this event will get the chance to meet one-on-one with a mortgage counselor to discuss your financial hardship, while prospective homebuyers will also have the chance to learn about various housing options available.

New York City HDC Approves Over $462M in Funding to Support Affordable Housing

(Source: New York City Housing Development Corporation) – The New York City Housing Development Corporation (HDC) Board of Directors have approved issuing $462.2 million in Multi-Family Housing Revenue Bonds to advance HDC’s affordable housing lending activities under Mayor Michael R. Bloomberg’s New Housing Marketplace Plan.

NYC Council Members Announce Agree Upon 2014 Financial Budget

(Source: Mayor Michael Bloomberg) – Mayor Michael R. Bloomberg, City Council Speaker Christine C. Quinn and members of the City Council today announced an agreement for an on-time, balanced budget for Fiscal Year (FY) 2014 that includes no tax increases, while continuing investments in essential City services. The budget remains balanced through billions of dollars […]

Senator Gillibrand Urges the SBA to Accelerate and Streamline the Disaster Loan Process for Homeowners

(Source: Senator Kirsten Gillibrand) — 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 […]

Department of Housing Preservation and Development Announces Efforts to Secure Supportive Housing Units in NYC

(Source: Department of Housing Preservation and Development) – 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 […]

NY State Officials Announce “NYC Build it Back” Initiative to Aid Disaster Recovery Efforts

(Source: Mayor Michael Bloomberg) — Mayor Michael R. Bloomberg, Deputy Mayor for Operations Cas Holloway, Deputy Mayor for Economic Development Robert K. Steel, Director of the Mayor’s Office of Housing Recovery Operations Brad Gair and Housing Preservation and Development Commissioner Mathew M. Wambua today announced NYC Build it Back, a new City program to assist […]

New Residential Building Permits in NYC Reach Highest Peak Since 2008

(Source: Furman Center for Real Estate and Urban Policy) – Indicators of new housing development in New York City look promising,  according to the Quarterly Housing Update (PDF) released today by NYU’s Furman Center for  Real Estate and Urban Policy.

Mayor Bloomberg Announces $90.3M Property Tax Deduction for Homes and Businesses Impacted by Hurricane Sandy

(Source: Mayor Bloomberg) – Mayor Michael R. Bloomberg and Finance Commissioner David M. Frankel today announced a $90.3 million reduction in property taxes for homes and businesses impacted by Hurricane Sandy. The reduction is a result of reassessments that the Department of Finance conducted to ensure that the final values reflected damages to homes and […]

Former Director of Construction Services for the NYC Department of Housing to Serve Over One Year in Prison

(Source: FBI) – Earlier today, Michael Provenzano, formerly director of Construction Services for the New York City Department of Housing Preservation and Development (HPD), was sentenced to a term of imprisonment of 18 months followed by three years of supervised release, and ordered to pay $30,000 restitution to the city of New York and a […]

NYC Rep Offers Affordable Housing Alternatives

(Source: City Comptroller John C. Liu) – City Comptroller John C. Liu today warned that New York faces a looming crisis as the elderly population rises and rents skyrocket, and offered a comprehensive strategy to alleviate the shortage of affordable housing options.