This deepening crisis means that without interventions aimed at significantly ramping up affordable housing supply, the city's affordability gap could linger for generations.
Construction is scheduled to begin in the first quarter of 2026 with production operations anticipated to start in January 2027.
The redevelopment will complement the City of Beacon’s efforts to foster greater connectivity between the waterfront, Beacon Station and Main Street.
In addition to the financial payment, NAR has agreed to put in place a new MLS rule prohibiting offers of broker compensation on the MLS.
HGAR’s Fernandez reported to the more than 60 attendees that the association will release its latest Strategic Plan soon and asked that all members fill out their Member Engagement Profiles.
A key data point will be the CPI reaching its 2% target. The latest CPI number for February was 3.1%.
The development will feature multiple buildings in a variety of sizes tailored for advanced manufacturing uses.
The panelists blamed a host of problems on the passage of the Housing Stability and Tenant Protection Act (HSTPA) by New York State in 2019.
Williams told the Garden City gathering. “While the economy has come a long way toward achieving better balance and reaching our 2% inflation goal, we are not there yet.”
If the agreement is finalized, it will combine the strengths of both organizations and advance the level of care for patients in New York and Connecticut.
A report by TRIP, a Washington, DC-based national transportation research non-profit, calculated that crumbing roads and potholes cost New York State drivers $8.7 billion—an average of $715 per driver—last year in repairs, fuel and wear and tear.
Like 2022, the Regeneron was the IDA’s largest project by far in 2023. The expansion project is expected to create more than 2,700 construction jobs.
In addition, the governor reported that two Orange County communities—the villages of Highland Falls and Montgomery—$4.5 million each from the NY Forward program.
Certified communities include locations in Long Island, the Mid-Hudson, Central New York, Western New York, Mohawk Valley, Southern Tier, North Country, and Capital regions.
The property was originally developed at a reported cost of approximately $250 million and was one of the first new major multifamily projects to be built in White Plains in some time.
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