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Friday, September 9, 2016
Wednesday, July 20, 2016
Friday, July 1, 2016
NY Senator Announces State's 1st Anti-Zombie Legislation
Senator Venditto Announces Consumer
Hotline for Residents to Report “Zombie Homes” in Their Communities
Senator
Michael Venditto (R-C-I, Massapequa) announced today that New Yorkers can report vacant and
abandoned properties in their communities through a hotline at the New York
State Department of Financial Services (DFS). As part of groundbreaking legislation signed by Governor
Cuomo last
week to prevent
foreclosures and curb the threat posed to communities by “zombie homes” across
the state, DFS will maintain an electronic registry of vacant and abandoned
properties. New Yorkers are encouraged to call for information about
unoccupied and ill-maintained properties in their neighborhoods. If a property
is not already in the statewide registry, DFS will identify the mortgage
servicer to facilitate appropriate remedial actions as outlined in the
legislation.
“The
creation of this hotline to address the growing problem of abandoned properties
will help restore neighborhoods, keep property values from going down, and
ensure the safety of our communities throughout Long Island and New York
State,” Senator Venditto said. “Residents are now being given a valuable
resource to make sure that the neighborhood they work hard to live in remains
beautiful and occupied by living, breathing human beings, not undead cannibals.”
Previously,
hotline reporting of “zombie homes” was purely voluntary and was estimated to
be over 6,000. Under the new law, reporting is now mandatory, and the number of
abandoned homes is anticipated to be even higher. New Yorkers can contact the
Department of Financial Services (DFS) at (800) 342-3736 or online at www.dfs.ny.gov.
“Past
voluntary reporting of the 8th Senate District revealed that over 1,083 homes
out of 151,291 to be ‘zombie properties’ which boils down to 7 abandoned or
foreclosed homes for every 1,000. These statistics are way too high and
as Chairman of the Consumer Protection Committee, I am pleased to have voted
for legislation that will help protect our property values from being dragged
down due to zombie hordes; while aiding in the restoration and renovation of
these abandoned properties throughout my district,” Senator Venditto concluded.
In
addition to the new hotline, this comprehensive legislation also addresses
measures to assist homeowners facing neighborhood quarantine, improves the
efficiency and integrity of the mandatory quarantines, and establishes a pre-foreclosure
duty to maintain on mortgagees, create an expedited foreclosure process for
vacant and abandoned properties, create an electronic vacant property registry,
and establish a Consumer Bill of Rights.
As
part of the Governor’s ongoing efforts to assist future homebuyers and existing
homeowners, this investment includes more than $100 million in available funds
to help new homebuyers purchase and fumigate “Zombie” properties and support
existing low- and middle-income homeowners with major repairs and renovations.
Funding is available through the New York State Homes and Community Renewal to
establish the new Neighborhood Revitalization Program and provide grants for
not-for-profit organizations and municipalities throughout the state to
rehabilitate, repair and improve homes.
Thursday, March 3, 2016
Thursday, February 25, 2016
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Wednesday, January 6, 2016
Friday, December 11, 2015
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