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NYS Homes and Community Renewal

Lifestyle
Work Begins On Affordable Apartments In Hudson Valley Work Begins On Affordable Apartments In Hudson Valley
Work Begins On Affordable Apartments In Hudson Valley Construction has begun to rehabilitate 212 affordable apartments in three cities and towns in the Hudson Valley. According to New York Gov. Kathy Hochul, all three properties are in Ulster County in the cities of Kingston and Saugerties and the town of Ulster. The properties will undergo extensive capital improvements, including sustainability upgrades and the introduction of new energy-efficiency measures. “To make housing more accessible and affordable, we need to increase supply and preserve the homes we already have,” Hochul said. “This project in the Hudson Valley provides over 200 ho…

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by Kathy Reakes
Business
Nearly 600 'Distressed Mortgages' Bought In High Foreclosure Regions Nearly 600 'Distressed Mortgages' Bought In High Foreclosure Regions
Nearly 600 'Distressed Mortgages' Bought In High Foreclosure Regions Gov. Andrew Cuomo announced that the state's Community Restoration Fund has purchased 172 mortgages in an effort to bring owners in targeted communities out of foreclosure and keep the homes from abandonment.  According to this article in Daily Voice, foreclosures are at an 11-year high in New York state, while nationwide they are at an 11-year low.  The Community Restoration Fund has helped strengthen the financial position of homeowners, bringing stability back to the housing market in neighborhoods across the state, and preventing so-called "zombie properties," Cuomo said. Thi…

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by Jon Craig