Friday, August 29, 2025

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Rep. Israel Renews Push to Make Condos, Co-ops, and Certain Common Interest Communities Eligible...

Three years after Superstorm Sandy hit New York, Congressman Steve Israel (D –NY) renewed his push and announced legislation that would make co-ops, condo associations, and certain common interest communities eligible for the same vital assistance from the Federal Emergency Management Agency (FEMA) available to other homeowners. Currently, co-ops, condo associations, and common interest communities are only eligible to receive loans and not grants. Following Superstorm Sandy, Rep. Israel wrote a letter and urged FEMA to make co-op and condo associations eligible for storm recovery grants.

Business Real Estate Press Releases

Rebecca Jensen, President and CEO of MRED

MRED Becomes First MLS to Lead National Relaunch of Broker Public...

Broker Public Portal (BPP), the industry-led initiative formed by brokerages and multiple listing services (MLSs) to deliver a transparent, accurate, and consumer-first home search experience,

Recent Gov & Nonprofit Real Estate Press Releases

Heinrich, Luján, Whitehouse, Colleagues Reintroduce Bicameral Bill to Make Homeownership More...

U.S. Senators Martin Heinrich (D-N.M.), Ben Ray Luján (D-N.M.), and Sheldon Whitehouse (D-R.I.) led 12 Democratic senators in reintroducing the First-Time Homebuyer Tax Credit Act, legislation that aims to support middle-class Americans purchasing their first home. The bill would establish a refundable tax credit worth up to 10 percent of a home’s purchase price – up to a maximum of $15,000 – for first-time homebuyers.