HABITAT
Check Out What's Coming in our July/August Issue!
In the Bronx, a Mitchell Lama co-op is in turmoil, with shareholders blasting the board for fiscal irresponsibility and poor communication. “We no longer trust the board,” they told the Bronx Times.
That’s a serious red flag, no matter where you live.
A mix of financial mismanagement, weak communication, and bad governance can spell disaster for any board. Even one of these issues can cause major damage, making this situation critical. Discover how real estate experts have turned struggling boards around and tackled common problems. By staying proactive, your board can remain resilient and avoid crashing down.
Plus, check out how 111 Fourth Ave in Manhattan and Seminole Owners co-op in Forest Hills upgraded their energy efficiency, and see the smart solutions implemented at the 726-unit Queensview in Astoria and a small 8-unit co-op in Manhattan that fixed its noisy radiators.
