Issues: Housing

STATE APPROVES $300,000 GRANT FOR HOME HEADQUARTERS TO RENOVATE 30 HOMES IN SYRACUSE

Senator John A. DeFrancisco (R-I-C, Syracuse) today announced that the New York State Affordable Housing Corporation (AHC) today approved a $300,000 grant to Home HeadQuarters (HHQ) to help finance home improvements for 30 homes in the City of Syracuse.

“This funding will help to improve the aging housing stock in Syracuse, and help make the city a better place to live,” said Senator DeFrancisco.  “In addition, it will improve the safety and value of thirty homes in the City of Syracuse, and most importantly, it will benefit thirty local families.”

June 4, 2009
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Senate Measure Opens Eligibility for Senior Citizen Rent Increase Exemption

Law excludes certain medical expenses from income

June 3, 2009
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Senate Ups Property Tax Breaks For Cold War Veterans

Measure equalizes vet tax break & extends it to co-op apartments

Cold War veterans will be eligible for the same property tax breaks as veterans of foreign wars under legislation the state Senate approved Monday.

The measure, sponsored by Senator Joseph Addabbo (D-Queens), lets towns and cities offer higher property tax exemptions to Cold War veterans, bringing them in line with the tax breaks offered to other vets.  It also covers veterans in owner-occupied co-op apartments as well.    

June 3, 2009
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New York's State Senate approves Historic Rehabilitation Tax Credit

Published in the Syracuse-Post Standard

Thursday, May 28, 2009

 By Greg MunnoA long-anticipated program that would help make it viable to restore historic buildings took a big step toward becoming reality on Wednesday.

The state Senate passed the Historic Rehabilitation Tax Credit, a bill that Upstate leaders have been pushing for years.

"This is a game changer," said Robert Simpson, president of the Metropolitan Development Association, which has advocated for the credit for five years.

June 2, 2009
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Senate Passes Property Tax Breaks For Cold War Veterans

Measure puts Cold War vets on par with others & also extends to co-ops (Albany, NY) The New York State Senate today recognized the service and sacrifice of Cold War veterans by voting to allow for local municipalities to increase the level of property tax breaks available to these veterans. Under the current law, Cold War vets are not offered the same breaks as other “combat” veterans. 

June 1, 2009
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Senator Valesky talks about the Historic Rehabilitation Tax Credit

The New York State Senate passed landmark economic development legislation sponsored by Senator David J. Valesky which would stimulate the Upstate economy and revitalize its communities through rehabilitation of historic properties.

The bill, S2960, would provide tax credits for redevelopment of qualified residential and commercial properties with the intention of creating an economic stimulus in distressed communities.

May 28, 2009
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Historic Rehabilitation Tax Credit is Critical Component of Upstate Revitalization

It is not hard to describe the economic trend for Upstate New York over the last few decades.  We have all watched as our main streets emptied out, our factories left town and our children moved away.   These losses only increased the strains on our communities, pushing property taxes up on the businesses and families who have stayed.  

May 27, 2009
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Landmark Economic Development Legislation Sponsored By Senator Valesky Passes State Senate; Historic Rehabilitation Tax Credit is unprecedented redevelopment incentive for Upstate New York

SYRACUSE, N.Y.—The New York State Senate today passed landmark economic development legislation sponsored by Senator David J. Valesky (D-Oneida) which would stimulate the Upstate economy and revitalize its communities through rehabilitation of historic properties.

May 27, 2009
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Sen. Foley Discusses Historic Rehabilitation Tax Credit

The New York State Senate unanimously passed a vitally important economic stimulus and community revitalization program: the Historic Rehabilitation Tax Credit (HRTC).

For more information, please contact us at sd3info@gmail.com or by phone at 631-360-3365 (3356).

May 27, 2009
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Historic Rehabilitation Tax Credit Passes Senate Finance Committee

Program will bring unprecedented redevelopment to distressed areas; expected to pass the Senate next week.

The Historic Rehabilitation Tax Credit (HRTC) (2960-A/Valesky) has passed in the Finance Committee and will be sent to the full Senate next week where it is expected to pass.

The current program introduced in 2006 offers tax credits for expenses associated with the rehabilitation of historic homes and depreciable properties.  The current program offers:

May 22, 2009
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Historic Rehabilitation Tax Credit, Sponsored By Senator Valesky, Passes Finance Committee; Program will bring unprecedented redevelopment to distressed areas

ALBANY, N.Y.--The New York State Senate Finance Committee today passed the Historic Rehabilitation Tax Credit (HRTC) (S2960-A), sponsored by State Senator David J. Valesky (D-Oneida), sending this important economic stimulus and community revitalization legislation to the full Senate.

May 21, 2009
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New York Senate Passes Legislation, Sponsored by Senator David J. Valesky, that Requires Greater Transparency for Public Authority

 SYRACUSE, N.Y.-- The New York State Senate passed legislation on April 21, sponsored by State Senator David J. Valesky (D-Oneida), which would require the Canal Corporation to better inform the public about parcels it puts up for sale.

May 21, 2009
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Upstate Democratic Senators Call For Immediate Release of $120 Million for Upstate Economic Development, $40 Million for Upstate Agribusiness and $30 Million in City by City Funds

SYRACUSE, N.Y. – Senator David J. Valesky (D-Oneida) called on Governor Paterson to immediately release $120 million to spur development in upstate New York. A letter, co-authored by Senate Majority Leader Malcolm Smith and the Upstate Democratic Caucus, was sent to Governor Paterson urging the immediate release of the $120 million for Upstate New York.

May 21, 2009
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Cypress Hills/East New York Homeowner Fair

In these rough economic times, I am committed to helping all my constituents preserve their homes, cut costs and save money. Please join me on Saturday, June 6, 2009 at 10am at the Cypress Hills/East New York Homeowner Fair at I.S. 302, 350 Linwood Street, between Atlantic and Liberty Avenues. The Homeowner Fair will provide you with information, applications, workshops and “hands on” assistance for tapping into:

June 6, 10:00 AM - 10:00 AM
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May 18, 12:00 PM - 12:15 PM
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Espada Surprises Tenants: Unexpected Drop-In, Unexpected Announcement on Vacancy Decontrol

State Sen. Pedro Espada, Jr. (D-Bronx), today won favor, and a standing ovation, with the Working Families Party, ACORN and several other tenant advocacy groups when he unexpectedly dropped in on their Albany press conference-rally and announced that major legislative initiatives that protect Mitchell Lama, New York City Housing Authority and rent regulated tenants -- including proposed legislation that would repeal vacancy decontrol -- will be acted on before the current legislative session is over.

May 12, 2009
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