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Property development in New York is difficult for a number of reasons: the high cost of construction and materials, the lack of space, and local laws. These factors are discussed in more details below

Jennifer Brown, the first and only Executive Director of the Flatiron/23rd Street Partnership Business Improvement District (BID), will leave this fall after more than a dozen years of service to the neighborhood. Ms. Brown will begin work next month as Executive Director of the Montclair Center BID, working in the area where she and her family live.

Representative Sean Patrick Maloney (NY-18) joined Reps. Jackie Walorski (R-Ind.), Earl Blumenauer (D-Ore.), and Brian Fitzpatrick (R-Pa) to introduce legislation which will strengthen public-private partnerships and boost investment in America’s infrastructure. The Move America Act will expand private activity bonds and infrastructure tax credits, which will attract billions of dollars in capital and give state and local governments greater flexibility to fund critical infrastructure projects

Congresswoman Elise Stefanik (R-NY-21) has cosponsored H.R. 2657, the POWER Act. Currently, the Internal Revenue Code provides tax credits to consumers who purchase renewable energy producing items. This legislation would expand that provision in the tax code to include combined heat and power systems and waste heat to power systems.

The New York State housing market remained robust in the 2015 third quarter with closed sales increasing by 9.1 percent compared to the 2014 third quarter, according to the housing market report released today by the New York State Association of REALTORS. The statewide median sales price also continued its growth trend in the third quarter, increasing by 4.3 percent compared to a year ago.

State Investment will Leverage Over $170 Million in Private Investment to Expand New York’s Clean Energy Markets WASHINGTON, D.C. - October 23, 2015 -...

The U.S. Department of Housing and Urban Development (HUD) and New York City Department of Housing Preservation and Development (HPD) joins the Community Partners Commission Association (CPCA), the Ridgewood Bushwick Senior Citizens Council, Inc. (RBSCC) and partners to announce the opening of the Coretta Scott-King Senior Houses in East New York, Brooklyn. The new development includes 51 units of affordable housing with onsite supportive services for very low-income senior citizens and their families

The New York Department of State will host a public meeting of the State Fire Prevention and Building Code Council on Monday November 2, 2015, 10:00 a.m. at the Governor Nelson A. Rockefeller Empire State Plaza Convention Center in Albany, 123 William Street in New York City and 65 Court Street in Buffalo. The Meeting will be held via videoconference at all locations.

The Solar Electric Power Association has named Jill Anderson, NYPA Senior Vice President for Public Affairs and Business Development, to its Board of Directors. SEPA is an educational nonprofit organization based in Washington, DC, dedicated to enabling the transition to a clean energy economy by facilitating utility integration and deployment of solar, distributed energy resources, and supporting technologies onto the grid.

Win, one of the largest nonprofits serving homeless women and their families in New York City, was joined today by New York City’s Department of Housing Preservation and Development (HPD) Commissioner Vicki Been, New York City Housing Development Corporation (HDC) President Gary Rodney, and partners to break ground on a new affordable housing development in Brooklyn’s Brownsville neighborhood.

The New York City Housing Preservation and Development (HPD), The New York City Housing Development Corporation (HDC), the New York City Housing Authority (NYCHA) joined Rella Fogliano, President of MacQuesten Development, the Union Grove Community Economic Development Corporation (UGCEDC), and development partners along with Bronx Borough President Ruben Diaz, Jr., New York City Councilwoman Maria Del Carmen Arroyo, New York State Senator Ruben Diaz, and representatives from Bronx Community Board 3,  today to celebrate the Grand Opening of Mother Arnetta Crawford Apartments, a newly constructed apartment complex that is aiding in the  transformation of the Crotona Park East neighborhood of the Bronx

Governor Cuomo announced the groundbreaking of a $7 million visitor center at Five Rivers Environmental Education Center in Albany County that will serve as an active learning site for natural resource and environmental topics as well as a model of green building techniques

Overall consumer distress rates in New York, New Jersey, and Connecticut are lower than those in the nation, according to the Federal Reserve Bank of New York’s latest Regional Household Debt and Credit Snapshots. The 27 different Snapshots include data about mortgages, student loans, credit cards, auto loans and delinquencies for New York City (including a separate view of each of its boroughs), as well as various metro areas in New York State, northern New Jersey and western Connecticut that make up the Federal Reserve’s Second District.

Consumer expectations in the September 2015 Survey of Consumer Expectations (SCE) show relatively stable median consumer inflation expectations at both the short and long term horizon. Inflation expectations, as well as median one-year ahead expected growth in the costs of several commodities (food, housing, medical, college education) are all at or near their lowest levels since the start of the survey in June 2013

Standing at Tioga Opportunities Inc. in Owego, U.S. Senator Charles E. Schumer today urged the U.S. Department of Health and Human Services (HHS) to immediately provide New York the maximum amount of funding for the Low Income Home Energy Assistance Program (LIHEAP). Schumer said this critical home heating assistance program is vital for the Southern Tier’s most vulnerable seniors and families, who depend on this money due to the rising cost of home heating.

New York State Homes and Community Renewal (HCR) today announced the completion of the Woodrow Wilson Townhomes rehabilitation project in the City of Amsterdam. The state-of-the art modern upgrades and repairs to the100-unit Mitchell-Lama development will keep the apartments affordable for another 40 years. Woodrow Wilson Townhomes is one of the first Mitchell Lama renovation projects completed as part of the Governor’s $1 billion House New York plan to create and preserve more than 14,300 affordable homes across the State

Senator Charles Schumer and Congressman Brian Higgins (NY-26) are calling on the U.S. General Services Administration (GSA) to guard against land speculation and to consider community and economic impact in their sale of the vacant Dillon Courthouse. Schumer and Higgins pointed to previous examples where developers have purchased buildings in Buffalo with no plans for immediate reuse, noting the detrimental impact that can have on the community, and urged GSA to prevent that scenario with the Dillon Courthouse

The U.S. Environmental Protection Agency and the U.S. Department of Justice today announced that Wyeth Holdings LLC, a subsidiary of the Pfizer Corporation, will perform nearly $194 million worth of cleanup work at the American Cyanamid Superfund Site in Bridgewater Township, New Jersey. The cleanup work that the company has agreed to perform includes work to address six disposal areas at the site, where chemicals were manufactured for nearly 100 years. In addition, the company will pay $1 million for EPA’s past costs of overseeing cleanup work at the sit

NEW YORK - April 28, 2014 - (RealEstateRama) -- HAP Investments, a New York based international real estate investment and development company along with designer Karim Rashid announced today the ground breaking for 329 Pleasant Avenue, to be known as