“At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun.
The report warns that if Westchester fails to address its growing housing shortfall, the county could lose between 8,400 to 12,000 jobs annually and $533 million to $742 million in annual earnings.
The move effectively keeps congestion pricing tolls in effect through at least June 9.
In his new role, Irace will focus on cultivating strategic partnerships, recruiting new investment to the region, and promoting development opportunities.
An additional lane will ease congestion to tourist destinations and support local businesses that rely on efficient transportation for deliveries.
Business leaders praised Halahan’s work since 2002 as President and CEO of the Orange County Partnership and also hailed Eckert’s appointment.
The potential development opportunities will focus on targeting offshore wind supply chain companies, state officials noted.
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.
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.
The Orange County Partnership, founded in 1986, has assisted in a total of 873 attractions and expansion projects in 38 years.
The NYSERDA grant announcement builds on the recent allocation of nearly $4 million in federal funding to the Educational and Cultural Trust Fund of the Electrical Industry.
Eckert of the Orange County Partnership said that national developer interest in Orange County remains “very strong” despite the present financial market volatility.
For the build alternative that involves the construction of a general use third lane with interchange improvements and mobility and access improvements, the total cost estimate is $1,412,500,000.
The spirit of the region is also captured in the new Orange County Tourism tagline: “The Fresh State of Mind.”
New York Gov. Kathy Hochul announced on May 28 that federal assistance is available to New Yorkers in Ontario, Orange, and contiguous counties who were impacted by last year’s early July flood event.
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