Says Mortgage Tax Collections up 8.9% Over Same Period Last Year

Erie County, NY- Erie County Clerk Chris Jacobs announced local governments will soon receive their share of the Erie County Mortgage Tax collections based off of real estate transactions recorded in the Clerk’s Office.  The total to be distributed on November 15th is $8,623,740.49 and covers the six month period April 1, 2013-September 30, 2013.  This amount is 8.9% higher than the same period last year.

“Record low interest rates earlier this year fueled both refinancing and home purchases throughout Western New York.  This is a positive development for Erie County’s municipal governments since mortgage tax distributions are a major source of revenue for many of the County’s cities, towns and villages,” stated County Clerk Jacobs.

Lawmakers announce $175,000 in state funds from NYS Affordable Housing Corporation to help rehab five more homes for ownership opportunities in 19th Street neighborhood.

New homeowner Gary Damon Jr. accepts the keys to his 19th Street home, which Homefront Inc. recently rehabilitated, in a ceremonial key presentation.

Kennedy: Homeownership has always been at the heart of the American Dream, and this state funding will help local families live the American Dream right here on Buffalo’s West Side.

BUFFALO, N.Y. – Senator Tim Kennedy and Assemblyman Sean Ryan today announced a major state grant award to substantially rehabilitate several vacant houses on Buffalo’s West Side. The New York State Affordable Housing Corporation (AHC) will invest $175,000 to renovate five vacant homes in the 19th Street neighborhood – which will, in turn, open up five new affordable opportunities for local families to purchase their own homes.