With the full legislature and governor facing re-election in 2026, HGAR and NYSAR are already preparing for what could be a watershed year for housing policy.
The NYC Rent Guidelines Board voted to approve rent increases of 3% for one-year leases and 4.5% for two-year leases on rent-stabilized apartments.
NAR successfully secured its top five priorities in the final package.
NEW YORK—On Giving Tuesday (Nov. 23) Hudson Gateway Realtor Foundation, Inc. presented a check for more than $1,500 to the Castle Hill YMCA in the Bronx who has served the local community for more than a decade.
Funds were raised during the Annual Golf and Tennis Outing held earlier this year by the Bronx Chapter of the Hudson Gateway Association of Realtors.
2022 HGAR President-elect Anthony Domathoti stated, “Why should we donate to the Castle Hill Y on Giving Tuesday? Because our youth and seniors are worth it.”
While many potential buyers believe they need a down payment of 20% for their first home purchase, the typical down payment for first-time buyers has ranged from 6% to 9%, dating back to 2018.
Indelicato joins the City of Yonkers with over 30 years of experience as an attorney and city planner for several Westchester County municipalities.
BRI officials stated that while the new increases prevent another destructive rent freeze, they once again fall short of what is required to keep up with rising costs.
A total of $789 million in funding is being directed to six projects in New York City ($603 million) and three projects in the Mid-Hudson region ($186 million).
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