News

Orange County Secures Second FAST NY Grant to Help Foster Potential Shovel-Ready Projects
The potential development opportunities will focus on targeting offshore wind supply chain companies, state officials noted.

MTA Says Congestion Pricing Revenues Beat Projections; Raised Nearly $49 Million in January
Since the first-in-the-nation program began on Sunday, Jan. 5, through Friday, Jan. 31, tolls from the CRZ generated $48.66 million in revenue.

HGAR to Hold ‘Good Cause Eviction’ Informational Session on Feb. 28
HGAR believes that the law could have significant consequences for both landlords and tenants.

Harckham, Rosenthal Bill Would Exempt First-Time Homebuyers from Paying Mortgage Recording Tax
The Hudson Gateway Association of Realtors and the New York State Association of Realtors strongly support Senator Harckham and Assemblymember Rosenthal’s legislation that will enable more first-time homebuyers the opportunity to achieve the American dream of homeownership.

MARK YOUR CALENDAR: HGAR to Host Special Event Highlighting its Global Business Council on Feb. 25
The “Why Global?” session is open to all HGAR members and is designed to demonstrate how the association’s Global Business Council can help Realtors grow their international business.

NAR: Existing U.S. Home Sales Decreased 4.9% in January, But Increased Year-Over-Year for Fourth Consecutive Month
In January, existing-home sales in the Northeast fell 5.7% from December to an annual rate of 500,000, up 4.2% from January 2024.

Double-Digit Increases in Single-Family Home Sales Continued Throughout Most of the Hudson Valley in January
Inventory for almost all property types declined in all regions in January, but Rockland County saw a huge co-op inventory gain of 63.6% and 29.9% for condos.

Hudson Gateway REALTOR Foundation Donated More Than $100,000 to 52 Hudson Valley Charities, Non-Profits in 2024
The foundation’s 2024 events included a series of popular Pub Nights in various locations throughout the Bronx and Hudson Valley, its popular “Dancing with the Foundation” dance competition gala, individual donations, and corporate sponsorships

State Comptroller Cites Risks and Concerns with 2026 NYS Executive Budget Proposal
The predominant risks for DOB’s forecast are policies that may be implemented by the new federal administration, including those related to tariffs and the extension of the expiring provisions of the Tax Cuts and Jobs Act.

EXCLUSIVE: New York Power Authority Pays $30 Million For Downtown White Plains Site for New HQ
NYPA will construct the first major commercial office building in Westchester County in nearly a half-century.

State Legislators from Manhattan, Hudson Valley Introduce Rent Emergency Stabilization Tenant Act
Currently, localities must conduct a survey of rental housing they propose to regulate and demonstrate that the vacancy rate is below 5%. This bill leaves that option in place, but creates an alternative method.

City of Middletown Schedules Public Hearing on Good Cause Eviction Law for March 4
HGAR strongly opposes Good Cause Eviction, arguing it limits landlords' ability to manage properties. Automatic lease renewals, rent restrictions, and legal hurdles could discourage investment, shrink rental inventory, and raise costs for both landlords and tenants.