Four new single-family homes are being built in Canastota as part of an effort led by New York State Homes and Community Renewal alongside Syracuse Habitat for Humanity. The project targets low-income households seeking stable homeownership opportunities in Central New York.
Mayor Zohran Mamdani is weighing options for nearly 850 distressed rent-stabilized apartments in East Harlem as foreclosure looms. The city’s efforts follow a failed attempt earlier this year to block another large bankruptcy sale involving Pinnacle Group’s portfolio. Officials are considering nonprofit or community land trust buyers amid concerns over property conditions and financing challenges.
Governor Kathy Hochul has announced up to $150 million for installing energy-efficient heat pumps in small residential buildings across New York State. The initiative aims to reduce emissions while making housing more affordable for homeowners and renters.
Governor Kathy Hochul has announced nearly $350 million will go toward building or preserving over 750 affordable homes across New York State as part of her ongoing multi-billion dollar plan targeting the state’s housing crisis. Projects span multiple regions including New York City boroughs, Long Island, Albany County’s Cohoes community, and Utica.
Governor Kathy Hochul announced completion of Blocher Apartments—a $42.6 million project creating 93 new affordable homes in Williamsville—on April 9. The development includes accessible units and supportive services for residents with disabilities as part of broader statewide efforts under Hochul’s five-year Housing Plan.
Governor Kathy Hochul announced major advances against housing discrimination during Fair Housing Month. Nearly $1 million was awarded last year following investigations into complaints statewide. A conference on fair housing issues is scheduled later this month.
A year after major antitrust settlements involving broker commissions in New York City, average agent fees remain steady at about 5.7 percent per transaction according to recent surveys and industry voices cited in an April report.
A new ‘Deconstruct’ podcast episode investigates developer Josh Schuster’s securities fraud case and its impact on investors. The show also discusses key developments affecting New York City real estate.
Yellowstone Real Estate Investments has secured major financing to convert an office tower at Times Square into residential apartments and retail space. The project will include affordable housing units and reflects shifting trends away from hotel developments amid regulatory changes.
Tim Morabito has rejoined Douglas Elliman after leaving Compass to work alongside his father Enzo’s successful Hamptons real estate team. The move reflects ongoing collaboration between family members as well as Douglas Elliman’s plans for organic growth.