HABITAT
NYC co-ops and condos face legal and financial challenges that have to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant or lawyer, co-op and condo board directors have to make decisions. The collection of articles here will help your co-op or condo board navigate these waters.
Pushback to Tax on Rich Absentee Co-op and Condo Owners
March 15, 2019
Group favors citywide tax equity over a pied-a-terre tax.
A New Way to Pay For Energy-Efficient Improvements
Written by Frank Lovece on March 08, 2019
PACE loans are repaid through energy savings.
Fannie and Freddie Litigation Guidelines a Minefield for Condo Boards
Written by Leni Morrison Cummins on March 07, 2019
Boards need to watch their step to avoid getting blacklisted by lenders.
Ultra-Rich Getting Big Breaks on Property Taxes
March 04, 2019
Ken Griffin’s $238 million condo valued at just $9.4 million.
Under GOP Tax “Cuts,” 11 Million Get Pockets Picked
February 28, 2019
New York and New Jersey taxpayers “hammered” by new deduction cap.
When a Foreclosure Sale Fizzles, Expect Fireworks
Written by Dale J. Degenshein on February 25, 2019
Boards need to know the rights of shareholders, lenders, and purchasers.
The Best Defense Against a Charge of Defamation
Written by Victor M. Metsch on February 21, 2019
Truth and opinion have a place in board elections, malice does not.
Some Trusts Are Welcome, Others Less So
Written by Ann Farmer on February 18, 2019
Fractional ownership of an apartment is still frowned on by boards.
Mediation Is One Way to Avoid Litigation
Written by Paula Chin on February 15, 2019
Co-op and condo boards can resolve disputes without going to court.
Amazon Pull-out Stuns – and Splits – New York
February 15, 2019
Company walks away from $3 billion in incentives to build in Queens.
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