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.
Rockland County designated $13.5 million in American Rescue Plan Act funds for the initiative, which the county intends to commit by the end of this year.
NEW CITY—Rockland County Executive Ed Day, County Legislature Chairman Jay Hood Jr., and Community Development Director Alexandra S. Obremski, announced on June 13 that the county’s Housing Loan Fund is live and accepting applications.
The fund was one of the recommendations made to the county of Rockland in the first-ever comprehensive community and housing needs assessment. This program, approved unanimously by the Rockland County Legislature on April 16th, will provide direct loans to borrowers in support of the creation or preservation of housing that is attainable to the average Rockland resident. Proceeds from loan repayments will flow back into the fund for future housing opportunities.
“We have aging populations who can’t afford to downsize, young families who can’t afford to upgrade, and skyrocketing unaffordable rents for those in between,” said Rockland County Executive Day. “This is the first of many steps we will be taking to address the complex housing hurdles this county is facing.”
“The county’s Housing Loan Fund is an important step in encouraging and supporting the experts who can help address the national housing shortage on the local level,” said Rockland County Legislature Chairman Jay Hood Jr. “I urge all developers, municipalities, and affordable housing organizations to apply to the program so we can provide safe and proper housing to the individuals, seniors and families who need it.”
Rockland County designated $13.5 million in American Rescue Plan Act funds for the initiative, which the county intends to commit by the end of this year. Eligible applicants include not-for-profit and private housing developers who must be current on all municipal taxes and fees and have a record of timely payment. Additionally, any new buildings must be constructed to the green building standard outlined in Columbia Law School’s Center for Climate Change Law’s Model Municipal Green Building Ordinance.
Rockland County Legislature Minority Leader Lon M. Hofstein said, “In today’s economy, even with both parents finding it necessary to work, it is still very difficult to secure a home that meets their family’s needs and falls within their budget. This new Housing Loan Fund can offer relief by bringing more affordable units to the market, assisting families in their quest to afford the home that they desire.”
The county’s Housing Needs Assessment findings included:
In addition to the creation of the fund, Rockland County is hiring a Housing Coordinator which was another recommendation of the HNA to lead the county’s housing initiatives.
Those interested in applying for the Housing Loan Fund can find details at https://rocklandgov.bonfirehub.com/opportunities/141816.
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.
The FARE Act will undoubtedly lead to higher rents and reduced access to available rental listings for prospective tenants, exacerbating housing affordability challenges New Yorkers already face.
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.
