The Buffalo Chronicle
Real Estate
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A state broadband grant for Buffalo’s affordable housing has grown 67% while its promised reach shrank by a third
[PREMIUM] Empire State Development wants to raise a ConnectALL grant for low-cost fiber in Greater Buffalo affordable housing to $4.75 million, even as the number of homes it would reach has fallen…
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Rich Products cuts 60 Buffalo jobs in a global overhaul while it keeps building on Niagara Street
Rich Products is eliminating about 60 Buffalo jobs in a global restructuring that will see roughly 380 people leave, even as it keeps investing in its Niagara Street campus and the historic…
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New York’s $225 million water-for-housing fund is open only to Pro-Housing towns. Many WNY suburbs aren’t certified yet
The state’s new Clean Water for Housing grants pay up to 75% of water and sewer work tied to new homes, first come, first served. HCR’s dashboard lists 12 certified municipalities in…
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Trump order aims to trim mortgage insurance and refinance costs as Buffalo-area prices climb
President Trump signed an executive order directing federal housing agencies to cancel mortgage insurance sooner, make cheaper refinancing permanent and speed up factory-built housing. Here’s what it could mean in Buffalo, where…
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Treasury proposes rules for the new federal limit on big investors buying single-family homes
Treasury’s proposed rule spells out how large institutional investors can still build, renovate and sell houses under the ROAD to Housing Act’s ban, and what they would pay for violations. New York…
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Fox Valley Country Club’s owners say they have put $4 million into reviving the Lancaster course
The Bansal family says it has invested $4 million in Fox Valley Country Club on Genesee Street, five years after the 130-acre Lancaster club sold for $750,000, and membership has doubled to…
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Western New York won a third of MOVE-IN NY’s starter-home money. Here is where its 96 homes stand
[PREMIUM] Buffalo, Niagara Falls, Lackawanna and the Town of Tonawanda won about $29 million to place 96 factory-built starter homes. Records show lots identified and approvals under way in some communities, and…
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Fashion Outlets of Niagara Falls loan goes back to a special servicer after reaching maturity
The roughly $74 million mortgage on the Town of Niagara outlet mall matured this month and moved to Midland Loan Services, months after the Niagara County IDA approved a 10-year tax deal…
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Upstate Niagara’s West Seneca dairy expansion grows to $325 million, with $35 million for on-site power
The cooperative’s third revision adds linear generators because of a lack of available electricity and seeks about $12.7 million in sales-tax breaks. The ECIDA holds a public hearing Tuesday at 3 p.m.
