HABITAT

February 2018 Issue Preview

Preview

Many co-ops and condos are starting to think about their upcoming annual meeting, but there's a group of buildings out in Queens who are probably dreading the event – and that's because they are mired in a hunt for missing funds. And actively suing each other for the return of them! It's a bizarre story about a management company who moved money from one building to the next, and probably siphoned off some of it along the way.

New laws are in effect: elevator safety concerns mean that your building will have to update controls, and a tougher focus on indoor allergens means annual inspections are required. Plus, most co-ops pay for expensive projects by refinancing their underlying mortgages, but condos don't. This month we report on the CIRA loan, a niche product that condos will want to keep in their financing arsenal.

Check out these stories and more in our February issue!

ask the experts

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments.

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise. Get advice directly from the experts with short videos on topics such as law, finance, boilers, fuel, lobby design, laundry room management and storage.