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April 2008

Read selected, Web-exclusive adaptations of this month's articles — a new one online every Monday, Wednesday and Friday, featured on our front page! Here are the April print articles still to come online, followed by links to those already adapted for the Web. Can't wait? Then visit the pay-per-article Archive for full, plain-text versions, or simply Subscribe Now! >>

  • "Case Notes" Can sponsors collect license fees for storage bins?
Web-Exclusive Adaptations
Hot Topics at This Year's Annual Meetings: A Survey Report
By Alan Saly

Robert Geils, the treasurer of 350 Bleecker Street, a 122-unit cooperative in the West Village, says Read More >>

How to Turn Around a Troubled Building: A Case Study
By Bill Morris

Lido Hall Condominium looks innocent enough. It rises nine majestic stories above the Read More >>

Building Violations: What Happens when There's No Quick Fix?
By Frank Lovece

What happens when you need to address a building violation but can't do so immediately Read More >>

Replacing a Cornice is No Easy Task
By Stephen Varone and Peter Varsalona

Although cornices serve a waterproofing function by shielding the top of the building's Read More >>

$35 Million Makeover: Saving a Sinking Ship
By Alan Saly

The French phrase "le havre" means "the port," but, for years, Read More >>

The Old 80/20 Ends, New Income Begins
By Bill Morris

Ellen Covas is treasurer of a seven-unit Brooklyn co-op with a DVD-rental shop on the ground floor. Read More >>

Construction, Condemnation and the Second Avenue Subway
By Tom Soter

The new Second Avenue subway is coming. On the Upper East Side of Manhattan, co-ops and condos in its Read More >>

Learn from your peers by posing questions in the Habitat Board Talk Forums.

Re: Investors in a coop CDT, Tue Oct 7, 2008 10:08AM

PROS: If the investor is "designated by the Sponsor" (in the language of the Offering Plan), this usually means that a guarantor is backing up the deal in case of default. We actually had four such apartments in our building -- all rent-controlled -- that were sold by the sponsor to various investors under such an arrangement. In the dark co-op days of the early 1990s, *all* of the investors defaulted. Luckily, the guarantor (Fannie Mae) continued to…more

investors rsu, Wed Oct 8, 2008 6:36AM

Especially now that we are going back into a time of very tight credit -- banks want to see a high percentage of owner-occupants, which investors…more

Submit your questions and comments here!

We embarked on a project to replace all the old corroded plumbing risers. NYC regulations require abatement of asbestos if more than a certain amount Read More »

It gives me great pleasure to use this forum within which to share my experience as Board President of a 75 unit Brooklyn-based converted co-op. I hope Read More »

 

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2008 Source Guide

Be sure to check out our 2008 Source Guide – chock-full of great resources for your board. It is available online, and you can also get your organization listed as a provider.

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