How would a possible rent moratorium, considered by Mayor DeBlasio, affect coops? We're a 40-unit, self-managed Brooklyn coop. Would Boards be asked to stop collecting maintenance and assessment as NYC institutes economic relief efforts in the COVID-19 crisis? What does Habitat advise coop boards around best practices with share holders facing financial hardship as more and more New Yorkers are out of work due to social distancing? Should we stop charging late fees now for late maintenance payments, in light of Gov Cuomo's moratorium on evictions? Does his NYS grace period for loan modification apply also to our coop's underlying mortgage (which we're due to refinance end 2020)?Join the Conversation Comments (2)
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