My Brooklyn Report

Did it make sense to you when you heard the news? That New York City Housing Authority could revoke rental assistance vouchers from more than 10,000 families within a few months notice, especially after learning the reason why? Didn’t these families qualify for the rental assistance?  Didn’t NYCHA staff review their documents and verify their [...]

The Home Buyer Tax Credit is about to expire.

Anyone interested in buying a home must have a signed contract of sale dated on or before April 30th 2010 and close on their purchase by no later than June 30th 2010.

If you have the above in order, then your close to being eligible to receive $8,000 as a First Time Home Buyer or $6,500 if you’ve been a homeowner 5 out of the last 8 years.

While a buyer’s income and other factors will also determine eligibility, those eager to become homeowners are rushing to make offers and contract their purchase before the deadline.

But are there enough people buying in Brooklyn to purchase the enormous number of homes for sale?

NYC Department of Housing, Preservation and Development has begun implementing it’s plan to use the $24 million dollars received from the U.S. Department of Housing and Urban Development as part of the the Housing and Economic Recovery Act of 2008. As indicated in the video, the city purchased 7 properties in neighborhoods hard hit by [...]

According to an article in the New York Times, Mayor Bloomberg and outgoing Housing and Urban Development Secretary Preston announced at a press conference held at City Hall on January 14th 2009, an initiative to save neighborhoods from the threat of urban blight from foreclosure. New York City will buy 115 homes with a $24 [...]