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.
From left, WRO’s Cecilia Alcantara and Andrew Smith, White Plains Mayor Thomas Roach, WRO Board Director Debra Budetti, WRO Executive Director Marlene Zarfes and WRO’s Cindy Gago and Nneka Reed. PHOTO BY JOHN VECCHIOLLA
WHITE PLAINS—During a period when home prices continue to rise and inventory continues to be at or near record lows, the timing of the 2024 Fair and Affordable Housing Expo could not have been better.
On April 27, Westchester Residential Opportunities hosted the program at the Westchester County Center in White Plains that attracted more than 500 aspiring home buyers. The program also featured three informational sessions focused on providing critical information to home buyers and renters.
The programs included “The Path to Homeownership” that included insights into the home buying process, mortgage basics, affordable homeownership and Fair Housing updates that were presented by officials with event sponsor Citi.
A presentation that concentrated on Fair & Affordable rentals included information on how to apply for affordable rentals, available rental assistance grants and Fair Housing regulations.
From left, Trustco Bank’s William Jansz and Siva Nair provided financing information to the expo attendees. PHOTO BY JOHN VECCHIOLLA
The final program of the day was presented by sponsor M&T Bank and covered credit issues and first-time homebuying grants.
The sponsors of the Fair and Affordable Housing Expo were: The Hudson Gateway Association of Realtors, Citi, Bank of America, Valley Bank, Chase, Citizens, M&T Bank, the Westchester County Department of Planning, Emigrant Mortgage, SONYMA and PCSB Bank.
HGAR’s Leah Caro serves on the WRO Board of Directors as Co-Chair; Debra Budetti serves as Secretary and Barry Kramer is the Chair of WRO’s Homeownership Advisory Committee and Fair Housing & Diversity Advisory Committee.
Marlene Zarfes, Executive Director of Westchester Residential Opportunities, said she was pleased that so many prospective buyers attended this year’s expo and noted that first-time homebuyers need assistance coping with high lending rates and prices. In addition, affordable rental units are also hard to find in Westchester and the surrounding area.
The 2024 Fair and Affordable Housing Expo was held at the Westchester County Center in White Plains on April 27 and attracted more than 500 aspiring home buyers. PHOTO BY JOHN VECCHIOLLA
“Without a doubt, this (expo) is needed now more than ever,” Zarfes said. “With the low inventory, the prices of homes going up and mortgage rates going up, it is just critical that we give people the information that they need to be able to not be evicted, not be foreclosed upon and find a home that works for them.”
She also noted that WRO provides assistance to those seeking affordable rental apartments. WRO’s affordablewestchester.org features a listing of affordable rentals and homes for sale in Westchester, including applications and brochures for available projects.
Among the dignitaries at the Fair and Affordable Housing Expo was White Plains Mayor Thomas Roach, who briefed attendees on the latest openings of housing developments that feature affordable units, as well as the pipeline of projects coming online in the near future.
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.
City and State honored 100 “New Yorkers who are on the front lines, creating jobs and spurring economic growth on the local, state and national levels.”
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.
