That fact that both sales and home prices continue to increase is an indication of the high demand and low supply that exists throughout the New York metro area and lower Hudson Valley,” said HGAR CEO Lynda Fernandez.
In October, the regional single-family closed median sale price was $706,000, marking an 8.6% year-over-year increase from $650,000 in October 2023.
The award was cited by the Hudson Valley Chapter of NYSCAR for the agents’ work in facilitating the sale of Eastgate Business Park in Goshen.
YONKERS–The Municipal Housing Authority for the City of Yonkers held a lottery on Aug. 2 for 3,000 Yonkers residents who qualify for affordable housing. For the first time in more than 10 years, MHACY has opened its waiting list for Housing Choice Vouchers (Section 8) for affordable housing.
MHACY is seeking to add 3,000 people to its waiting list for vouchers. The vouchers are provided through the U.S. Department of Housing and Urban Development and subsidizes rental units in market rate buildings for income-qualifying tenants. MHACY has received more than 14,500 applications.
Residents had a little more than two weeks, from June 27 to July 13 to apply for the list. The lottery was held on August 2 and 3 at the Yonkers Riverfront Library to draw the names of those who will be eligible to receive vouchers as they become available.
“Opening the MHACY waiting list has been 10 years in the making. We are not surprised by the number of people who have applied for housing and are excited to be able to make quality affordable housing available. It is a basic need,’’ said Wilson Kimball, President and CEO of MHACY. “Our partnership with Mayor Spano and the City of Yonkers on several affordable housing issues helped us reach this day. And nothing would have been possible without the support of the Board of Commissioners of MHACY.’’
Yonkers Mayor Mike Spano, who was on hand for the lottery drawing on Aug. 2, said, “Housing is key to the vitality of any city. In addition to the thousands of units of new market rate housing that are going up, we have renovated MHACY housing and are now making more affordable housing available through the use of these vouchers in partnership with building owners.’’
Chairman of the MHACY Board of Commissioners James Landy added, “Opening our waiting list is momentous as it allows people needing rental assistance the chance to find affordable decent housing that has become out of reach for so many. We are very proud to afford Yonkers residents this opportunity.”
The lottery drawing was public and monitored by auditors to assure fairness in the selection process and was livestreamed on the MHACY Facebook page.
The Municipal Housing Authority for the City of Yonkers is the largest provider of affordable housing in the City of Yonkers and the second largest public housing authority in New York State.
That fact that both sales and home prices continue to increase is an indication of the high demand and low supply that exists throughout the New York metro area and lower Hudson Valley,” said HGAR CEO Lynda Fernandez.
In October, the regional single-family closed median sale price was $706,000, marking an 8.6% year-over-year increase from $650,000 in October 2023.
The award was cited by the Hudson Valley Chapter of NYSCAR for the agents’ work in facilitating the sale of Eastgate Business Park in Goshen.
MTA CEO Janno Lieber and others expressed support for the lower tolling fee that the governor said would bring in the $15 billion to the MTA that the higher fee was projected to raise.
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