Chief among the reform measures included in the budget was disincentivizing institutional investors from buying up one- and two-family homes.
This draft language preserves or strengthens a raft of provisions vital to housing affordability.
In a third transaction, an existing 76-unit development completed about six years ago has a new owner.
HGAR officials attended and exhibited at the 2nd Annual NAR C5 conference at the Marriott Marquis in NYC August 15 – 17th. This year’s event focused on commercial real estate and included a panel titled “Partners in Growth: How Relationships with EDC’s Advances Your Business” that included Bridget Gibbons, Director, Economic Development Westchester County.
The legislative priorities of HGAR and NYSAR were focused on assisting first-time homebuyers with rising housing costs, helping alleviate the severe housing shortage in New York State, and addressing escalating insurance costs.
The Make-A-Wish donation will be presented at the Foundation’s May 15 “Dancing for the Foundation” event at the Glen Island Harbour Club in New Rochelle.
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