HABITAT
For board members and property managers of co-ops and condos in New York City, there are legal and financial questions regarding new and old laws, accounting rules, auditing, and so much more. Here’s what you need to know to manage your finances and speak knowledgeably with your accountant and attorney.
Brooklyn Botanic Garden Fights Sunlight-Blocking Towers
March 20, 2019
Petition drive seeks to kill zoning change favored by developers.
Discrimination Against Black Hairstyles Is Now Illegal
Written by Andrew I. Bart on March 19, 2019
Co-op and condo boards face stiff fines and unlimited damages.
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.
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