New York providing grants to boost zombie property law compliance

Existing-home sales fall to three-year low, miss estimates Existing-home sales slide to a 3-year low as housing market stumbles. scared from the market during the period of rising rates in the fall could see it as an opportunity to jump back in.

LISC joined New York Attorney General Eric Schneiderman this week to announce the New York housing stabilization fund, a $13 million grant program for municipalities dealing with high concentrations of zombie and vacant properties. Grants will be funded by bank settlement dollars negotiated by the AG’s office and will focus on both mitigation and prevention in the 100 cities, towns and.

“Scientific research depends on the free flow of ideas,” says Frank Wu, president of the Committee of 100, a group of influential Chinese Americans that is based in New York. compliance.” Calvert.

The Local Initiatives Support Corporation (LISC) is making $13 million in grants to municipalities across New York to help them address housing vacancy and blight, with an emphasis on "zombie" property prevention and enforcement. Zombies are homes abandoned by owners under the threat of foreclosure but for which the process has yet to be completed.

These grants are a continuation of the 2016 Zombie Remediation and Prevention Initiative created by the Office of the New York Attorney General, which provided nearly $13 million in grants to 76 New York municipalities. This year’s grant will allow previous recipients to continue their previous work, or will give first-time grantees the opportunity to secure funding to support their zombie and vacant property efforts.

In the wake of the State’s zombie properties law, the Town Board of the Town of Hempstead recently adopted Local Law No. 46-2016 – modeled after similar laws adopted in several upstate New York communities – that will ensure that banks and other lenders will fulfill their maintenance obligations under the new State law.

HUDSON VALLEY, NY – Mount Vernon, Newburgh and White Plains are among 10 cities in New York state getting new grants to help them clear out zombie properties. This second round of funding was.

In July, William Sorin became the first corporate legal chief to be criminally charged for suspicious option grants. New York, but Baker would not comment further on his work. The outside GC.

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New Zombie Home Foreclosure Law In New York On June 23, 2016, Governor Andrew Cumo signed a ground breaking bill into law requiring banks to take responsibility for "zombie" properties. The law is an amendment to Section 1307 of the real property actions and Proceedings Law.

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