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Wednesday, 07 January 2009 20:47 |
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The developers of a large scale riverfront project cleared a major hurdle when their final environmental impact study was approved by the Kingston City Planning Board. The project is called Hudson Landing and the proposal is for 1,682 housing units. The next step in the approvals is the site plan review process. The property covers 535 acres--of which approximately 350 acres would remain open space. The plan is to develop 16 single-family homes, 1,125 townhouses, 541 apartment units and businesses. Interest in waterfront development in Kingston and throughout the Hudson Valley has subsided some with the dip in the market, but Hudson River views and Hudson Riverfront properties are still the envy of many. |
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Friday, 02 January 2009 19:12 |
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Ulster County has distributed mortgage tax revenue to the various municipalities and the City of Kingston and surrounding municipalities all had a decline in revenue received compared to the September-April 2007. This data is another clear indication that the real estate market has suffered during the recent economic downturn. Here are the mortgage tax revenue stats for the municipalities around Kingston: City of Kingston at $243,942.96 for a 27.10 percent decrease of $90,683.73.
Town of Kingston at $12,597.52 for a 42.74 percent decrease of $9,401.86. Esopus at $104,631.47 for a 28.37 percent decrease of $41,443.46 Town of Saugerties at $215,514.83 for a 30.97 percent decrease of $96,699.41.
Village of Saugerties at $42,320.82 for a 32.34 percent decrease of $20,229.22. Ulster at $271,536.85 for a 13.18 increase of $31,625.73. |
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Thursday, 27 November 2008 17:38 |
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The Town of Ulster board has approved an increase in the income benchmark for senior citizens to receive a property tax break. Those senior citizen households with an income of less than $32,400 annually receive a reduction on their property assessment. The maximum reduction of 50% is awarded to senior citizens with an income less than $24,000 per yer. Senior Citizens who would like to receive the exemption must apply with the Ulster Assessor's office. |
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Saturday, 15 November 2008 14:47 |
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RUPCO (Rural Ulster Preservation Company) has completed construction on a new condo complex which has provided new owners a sparkling new place to live for a fraction of the cost they would normally pay. The Petit House Complex on Clinton Avenue was a vacant former boarding home when RUPCO bought it from the City of Kingston. Owners were able to purchase a unit for $95,000 to $105,000 after special grants were obtained. |
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Friday, 14 November 2008 22:31 |
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A new bill was signed into law in New York which adds some new measures directed towards foreclosure prevention. Lenders must now give homeowners 90 days notice before initiating foreclosure proceedings and also provide a list of approved foreclosure counseling providers. Lenders also have the obligation to make reasonable efforts to counsel homebuyers who are in jeopardy of defaulting. |
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