Willow
Willow, NY · Real Estate
mpamag.com
Court says borrowers can't void mortgage after acquiring proper title
Borrowers who promise they own a property cannot back out of their mortgage just because their original title was defective, a New York court ruled. The Appellate Division, Second Department delivered the decision on February 18, reinforcing what many in the mortgage industry have long hoped: warranties in mortgage documents actually mean something.
News 12
Mott Haven affordable housing project to be first under new fast-track review
6sqft
125 affordable apartments to replace long-vacant Clinton Hill building
Gov. Kathy Hochul last week unveiled plans to raze and replace an abandoned building in Clinton Hill with a new mixed-use tower with 125 affordable apartments. Following a request for proposals issued last year, the state has tapped a partnership of nonprofit groups, Fifth Avenue Committee, Bedford Stuyvesant Restoration Corporation, and One Brooklyn Health, to redevelop 1024 Fulton Street. Officials have tried several times to revamp the site between Grand and Classon Avenues since the 1990s.
brownstoner.com
Plans Unveiled for Affordable Housing in Place of Long-Empty Clinton Hill Building
A long-empty state-owned property in Clinton Hill is finally set to be turned into a mixed-use affordable housing development. The state has selected a coalition of three nonprofit organizations — the Fifth Avenue Committee, the Bedford Stuyvesant Restoration Corporation, and One Brooklyn Health – to spearhead the transformation of 1024 Fulton Street.