News

Hudson United Mortgage Announces Partnership with NAMMBA

December 15, 2021

NANUET—The National Association of Minority Mortgage Bankers of America (NAMMBA) recently announced a partnership with locally-based Hudson United Mortgage in NAMMBA’s effort to affect positive change with the housing needs of underserved communities and with the development of a more diverse mortgage workforce. “We’re extremely excited to partner with Hudson United Mortgage,” said NAMMBA Founder/CEO…

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NAHREP Holds Annual Sales Awards Gala

December 15, 2021

NEW ROCHELLE—The National Association of Hispanic Real Estate Professionals (NAHREP) Westchester Chapter held its Annual Sales Award Gala at the Glen Island Harbour Club in New Rochelle on Nov. 10. The organization handed out its major awards and also announced that Jose "Joe" Maymi, Howard Hanna | Rand Realty will be serving as NAHREP 2022…

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Fordham, OneKey, HGAR Event Explored Overcoming Barriers to Development

December 14, 2021

NEW YORK—Commercial development plays an imperative role in the success and longevity of a community. However, the road to its execution can be riddled with legal, ethical and environmental hinderances. Real estate experts joined leading development and public policy professionals to discuss commercial development complexities and their resolutions in a virtual panel Nov. 18 hosted…

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Governor Signs New Loft Protection Law

December 8, 2021

ALBANY—New York State Gov. Kathy Hochul announced on Dec. 7 the recent enactment of legislation (S.6950/A.7667) that makes it unlawful to disrupt or fail to provide essential services and habitability for interim multiple dwelling units and allows tenants to pursue a claim in New York City Housing Court. The bill, which was signed into law…

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New York State to Launch $539 Million Homeowners Assistance Fund

December 7, 2021

ALBANY—New York Gov. Kathy Hochul announced on Dec. 6 that New York State is the first state in the nation to receive U.S. Department of the Treasury's approval to launch its Homeowner Assistance Fund, a program that will provide up to $539 million to help eligible homeowners avert mortgage delinquency, default, foreclosure, and displacement. Applications…

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Rep. Maloney Says SALT Cap Reform is on the One-Yard Line

December 6, 2021

BEDFORD HILLS—At a press conference earlier today (Dec. 6), U.S. Rep. Sean Patrick Maloney (D-18) expressed confidence that the reform of the unpopular SALT Cap is at hand. There have been reports that Senate Democrats are at odds over the particulars of how to reform the SALT Cap, which is to be part of President…

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HGRF Donates on ‘Giving Tuesday’ To Castle Hill YMCA in the Bronx

December 3, 2021

NEW YORK—On Giving Tuesday (Nov. 23) Hudson Gateway Realtor Foundation, Inc. presented a check for more than $1,500 to the Castle Hill YMCA in the Bronx who has served the local community for more than a decade. Funds were raised during the Annual Golf and Tennis Outing held earlier this year by the Bronx Chapter…

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FHFA Raises Conforming Loan Limits for 2022

December 1, 2021

WASHINGTON—The Federal Housing Finance Agency (FHFA) today announced the conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2022. In most of the U.S., the 2022 CLL for one-unit properties will be $647,200, an increase of $98,950 from $548,250 in 2021. The market area of the Hudson…

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In Memoriam: James “Jim” W. Rood Jr.

December 1, 2021

The Hudson Gateway Association of Realtors regrets to inform its membership of the passing of longtime Realtor and Affiliate James “Jim” W. Rood Jr. on Nov. 28, 2021. Rood passed away after a valiant battle with colon cancer at the age of 64. Rood was an Environmental Engineer and he ran his own company, Lighthouse…

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Westchester, WCC Launch Advanced Manufacturing Career Training Program

November 29, 2021

WHITE PLAINS—In its continuing efforts to provide employment opportunities and workforce training in support of the Westchester County economy, the Westchester County Office of Economic Development reported that Westchester Community College will be  launching a new career training program for advanced manufacturing. The program, which will launch in January 2022, puts individuals with little or…

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Danskammer Energy Appeals State’s Air Permit Denial

November 29, 2021

NEWBURGH—While environmental groups and state politicians, including Gov. Kathy Hochul praised the decision in late October by the New York State Department of Environmental Conservation to deny a key air permit for the Danskammer Energy project here, key business, trade and economic development organizations have lined up in support of Danskammer’s recently filed appeal of…

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Oklahoma Firm Acquires Storied Hotel on Broadway for Nearly $56 Million

November 23, 2021

NEW YORK—Burnett Equities of Oklahoma City, OK has acquired the 531-room landmark Martinique New York on Broadway for $55.5 million. The deal was reported by brokerage firm Marcus & Millichap, which represented the seller, Herald Square Associates. Marcus & Millichap said that the total development cost for the revitalization of the asset, located on the…

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U.S. Existing-Home Sales Inch Up 0.8% in October; Northeast Sales Declined by 2.6%

November 23, 2021

WASHINGTON—Existing-home sales increased in October, marking two straight months of growth, according to the National Association of Realtors. Two of the four major U.S. regions saw month-over-month sales climb, one region reported a drop and the fourth area held steady in October. On a year-over-year basis, each region witnessed sales decrease. Existing-home sales in the…

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City, County and State Officials Celebrate Completion of $53.5M Project in Yonkers

November 22, 2021

YONKERS—City of Yonkers, Westchester County and New York State officials joined with the Municipal Housing Authority for the City of Yonkers and The Community Builders recently to celebrate the completion of 172 Warburton at The Ridgeway, a new $53.5-million mixed-income residential community in Southwest Yonkers. 172 Warburton at The Ridgeway continues the strong partnership between…

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