memoranda 2005

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EXECUTIVE DIRECTORS ONLY

6/27/2005 12:00:00 AM

NEW RESIDENTIAL APPRAISAL THRESHOLDS FOR VOLUNTARY PROVIDERS. (E-mail sent regarding increased "second appraisal" thresholds effective July 1, 2005.)

                 UPDATE

 For further information, contact: Susan Constantino, Executive Director

FYI, the attached memorandum was sent out by Jim Moran on June 23rd, regarding increased "second appraisal" thresholds effective July 1, 2005.

Thank you.

----- Original Message -----

From: "Henry Hamelin" <[email protected]>

Sent: Friday, June 24, 2005 5:54 PM

Subject: New Residential Appraisal Thresholds for Voluntary Providers

MEMORANDUM

TO:               Kathleen M. Broderick, Associate Commissioner, NYCRO

                        DDSO Directors

                        Deputy Directors for Community Services

FROM:           James F. Moran

                        Deputy Commissioner

Administration and Revenue Support        

DATE:            June 23, 2005

SUBJECT:     Residential Appraisal Thresholds for Voluntary Providers

This memorandum updates my memo of June 10, 2004 and transmits revised thresholds for required second appraisals.   Consistent with increases in real estate values, the thresholds for “Group 1” and “Group 2” counties are increased by $100,000 each, effective July 1, 2005.

Please disseminate this memorandum to voluntary agencies in your districts.  Questions may be addressed to Henry Hamelin at (518) 486-4286 or via e-mail to [email protected]

Thank you.

Attachment

cc:        Ms. DeSanto

            Mr. Pezzolla

            Mr. Brady

            Mr. Hamelin

            Real Property Staff

            Provider Associations

State of New York

Office of Mental Retardation and Developmental Disabilities

PSAS/Real Property Services

Thresholds for Required Second Appraisals

Changes Effective July 1, 2005 Underscored

A second appraisal is required, based on asking price, at the following thresholds by county grouping:

Group 1 – Asking price of $650,000 and above

New York (Manhattan) and Westchester Counties

Group 2 – Asking price of $550,000 and above

            Bronx, Kings (Brooklyn), Queens, Richmond (Staten Island), Orange, Putnam, Rockland, Nassau and Suffolk Counties

Group 3 – Asking price of $300,000 and above

   Rest of state 

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