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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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Fannie Mae Interest Rate Break on Green Building

Green Building Law Update

The exciting news in residential green building is that the Federal National Mortgage Association, commonly known as Fannie Mae, is providing incentives, including lower interest rates for multifamily properties with a green building certification. s multifamily housing stock.” think green bonds).

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

They also will be eligible to give property tax abatements for new development, allowing cities like Camden to spur development and compete with Philadelphia for private-sector jobs and residential growth. Aggregate tax credits available to qualified residential projects under ERG are limited to $600 million.

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LOCATION FOCUS: United It Stands

Buisness Facilities Contributed Content

New York State’s 54,556 square mile geography is divided into 10 economic regions (according to Empire State Development)—Western New York, Finger Lakes, Southern Tier, Central New York, North Country, Mohawk Valley, Mid-Hudson, Capital District, New York City and Long Island.

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SPECIAL REPORT: Steadfast And Strong In The Wake Of Superstorm Sandy

Buisness Facilities Contributed Content

Houses and businesses cleared away, leaving swatches of sand or burned-out ruins in their wake. Not just in some small, low-lying areas, but huge tracks of land from Atlantic City, NJ to Breezy Point, NY. In NJ, 346,000 housing units were destroyed or damaged, and 190,000 businesses affected. billion allocated to New York.

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U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

As a result, the report anticipates that 2014 may be the year that many investors who have traditionally focused mainly on large established markets such as Boston, Chicago, Los Angeles, New York City, San Francisco and Washington, will be expanding their focus to other cities in order to protect capital.

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FEATURE STORY: 2014 Economic Development Awards

Buisness Facilities Contributed Content

In New York City, Long Island and Westchester County, businesses must be start-ups or high-tech companies. The Business Council and PRECorp seek to make available WyoRECs™ as part of the Business Council’s business recruiting toolkit and to assist businesses in PRECorp’s service area which are seeking Business Council financing.

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