For Pamela Litzsey-Thomas, going into foreclosure on her Niagara Falls home was just another in a series of financial setbacks that included losing her job and getting inundated with medical bills after she was struck by a bus. “I just kept feeling like I was being slapped in the face,” she said. But Litzsey-Thomas refused […]
Thousands of “zombie homes” continue to blight communities across New York, but housing advocates are praising the Assembly’s recent passage of legislation that would go a long way toward attacking the problem. But some policy experts also say the legislation, which now faces a battle in the Senate, provides only some solutions to the problem. […]
For many homeowners working to get a loan modification, just staying on top of deadlines and paperwork can be tedious, complicated, and overwhelming — even when they are working with a professional housing counselor. That’s why the Center for NYC Neighborhoods is partnering with Neighborhood Housing Services of Bedford-Stuyvesant on an innovative one-year pilot program […]
In a previous blog post, we showed how nearly a decade after the Great Recession many black homeowners in the city owe more on their mortgages than their property is worth. Homeowners in these “underwater mortgages” are unable to begin to build wealth and are more likely to end up in foreclosure. This time, we’ve taken […]
The Federal government is seeking to crack down on money laundering by unmasking individuals behind large all-cash purchases of Manhattan real estate by shell companies. For the next six months, through a new pilot program, the U.S. Treasury Department will require companies to disclose the names of individuals behind all-cash purchases of more than $3 million […]
With the city squeezed for space for affordable housing, policymakers are looking at every possible available square inch of land to construct homes, from church parking lots to NYCHA property. In a report released last week, Comptroller Scott Stringer advocates for the creation of a land bank to exploit vacant land remaining in New York […]
Morgan Stanley has agreed to a multi-billion dollar settlement to end a federal investigation into its role in the collapse of the housing market. But what does that mean for homeowners still struggling to cope with the weight of unaffordable mortgages and abandoned properties in their communities? A lot, actually. Thursday’s announcement by Attorney General […]
DSNews: Forces Join to Protect Borrowers from Foreclosure Relief Scams Press Release: AG Schneiderman Announces Innovative Partnership with Leading Statewide Media Associations to Protect New Yorkers from Foreclosure Rescue Scams Crain’s New York: Advocates’ $4 Billion Plan Urges Cuomo to Fund More Supportive and Senior Housing Rooflines: Some Forms of Displacement Are Beyond Criminal The Brooklyn Reader: Don’t […]
Affordable housing is under threat across New York State with increasing rent costs, a record homeless population, a growing senior population, and a continued foreclosure crisis. Fortunately, there are solutions and we’re excited to be a part of a coalition of 10 affordable housing groups that released a five year, $4 billion capital recommended plan […]
We’ve all heard advertisements geared towards homeowners at risk of foreclosure on television and radio. Unfortunately, these ads, which offer to save homes from foreclosure, are often placed by scammers, who make false promises and mislead homeowners out of their money, or worse, their home. Fortunately, thanks to New York Attorney General Eric Schneiderman, these […]
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