New York providing grants to boost zombie property law compliance

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.

Municipalities have also reported better compliance from property owners following the passage of the New York State Abandoned Property Neighborhood Relief Act in 2016. The law requires banks and.

New regulation will hold lenders and mortgage servicers "accountable". In July, New York Attorney General Eric Schneiderman announced a new program that will help New York’s city governments track and address zombie homes in their respective cities. According to Schneiderman’s office, the Zombie Remediation and Prevention Initiative will provide $13 million in grants to local governments to fight zombie homes.

The New York State Home and Community Renewal Neighborhood. further decline of property values and neighborhoods due to blight, and providing. provide homeownership counseling and additional sources of gap funding.. passing the NY State Abandoned Property Neighborhood Relief Act and.

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Proposed Regulation Issued Under New York State’s "Zombie Properties" Law. [1] "Mortgage" means "a first lien upon residential real property as is commonly given to secure advances on, or the unpaid purchase price of, real property under the laws of this state, together with the credit instrument or instruments, if any,

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A.G. SCHNEIDERMAN ANNOUNCES NEW GRANT PROGRAM FOR COMMUNITIES TO COMBAT ZOMBIE HOMES. The Zombie Remediation And Prevention Initiative Will Reverse The Proliferation Of Vacant And Abandoned Properties And Help Families Avoid Foreclosure; Adds Momentum To Recently Passed "Abandoned Property Neighborhood Relief Act"

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.

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The “Zombies 2.0” grant initiative is a continuation of the 2016 Zombie. Office, which provided nearly $13 million in grants to 76 municipalities, Attorney. to secure funding to support their zombie and vacant property efforts.. Sean Kirst: Across the Canadian border, a cure for New York's reefer sadness.