Inventory for all property types declined in almost all areas, except for Rockland’s condo and co-op markets, the latter with an 84.6% gain. The Bronx led the region for new listings, with a 31.9% increase.
PrimeSource, which is a leading manufacturer of proprietary brands and a distributor of premier third-party brands, will utilize the location to service New York, New Jersey, Connecticut and Pennsylvania.
NEW YORK—The U.S. Department of Housing and Urban Development announced on May 27 it had awarded approximately $796 million in funding to 71 public housing authorities (PHAs) in New York to make capital investments in their public housing properties.
This funding is part of $3.2 billion in Fiscal Year 2022 Capital Fund Program awards to 2,813 PHAs in 50 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands.
Among the highest awards in the Hudson Gateway Association of Realtors’ market area included the New York City Housing Authority at almost $709 million, followed by The Municipal Housing Authority City Yonkers at approximately $2.23 million and the White Plains Housing Authority at nearly $1.7 million.
“It is essential for public housing authorities to preserve existing affordable housing, and this HUD funding will go a long way to assist with major improvements,” said Alicka Ampry-Samuel, HUD Regional Administrator for New York and New York Jersey. “HUD’s Capital Fund Program allocates funding annually for the development, financing, and modernization of public housing properties and management improvements to ensure their residents’ health, safety and quality of life.”
HUD’s Public Housing Capital Fund Program offers annual funding to all public housing authorities to build, renovate, and/or modernize the public housing in their communities. PHAs can use the funding to complete large-scale improvements such as replacing roofs or making energy-efficient upgrades to heating systems and installing water conservation measures.
The following is the list of awards in the New York City/Hudson Valley region:
The Municipal Housing Authority City Yonkers, $2,225,993.00 New York City Housing Authority, $708,752,984.00 Tuckahoe Housing Authority, $301,939.00 Tarrytown Municipal Housing Authority, $376,283.00 Port Chester Housing Authority, $1,081,501.00 North Tarrytown Housing Authority, $207,278.00 Mount Kisco Housing Authority, $195,382.00 White Plains Housing Authority, $1,693,208.00 Housing Authority of Newburgh, $311,411.00 Village of Spring Valley Housing Authority, $363,784.00 Woodridge Housing Authority, $147,683.00 Monticello Housing Authority, $325,414.00 Peekskill Housing Authority, $997,244.00 New Rochelle Housing Authority, $385,095.00 Port Jervis Housing Authority, $186,070.00
“We are thrilled to be opening our first office in Columbia County and expanding our reach in the Hudson Valley,” said Liz Nunan, President and CEO of Houlihan Lawrence.
Uniting 1st Priority Mortgage and Hudson United Mortgage offer a wealth of expertise and an expanded array of unique loan products, serving borrowers across the region, company officials stated.
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.
Pursuant to the merger agreement, which was approved by the boards of directors of HVCU, Catskill Hudson and Catskill Hudson Bank, Catskill Hudson stockholders will receive $40.50 in cash for each share of Catskill Hudson common stock.
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