New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

LEGAL/FINANCIAL


HOW LEGAL/FINANCIAL PROBLEMS ARE SOLVED BY NYC CO-OPS AND CONDOS

NYC co-ops and condos face legal and financial challenges that have to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant or lawyer, co-op and condo board directors have to make decisions. The collection of articles here will help your co-op or condo board navigate these waters.

Co-op Seniors Can Now Get Reverse Mortgages

Written by Bill Morris on December 02, 2021

New York State

Long fight ends in victory as governor signs bill into law.

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City Council Set to Consider Extending J-51 Tax Breaks

Written by Bill Morris on November 26, 2021

New York City

Middle-class co-ops and condos anxiously await fate of prized tax abatements.

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City Council must act to revive means of paying for capital improvements.

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Co-op and condo boards must grant reasonable accommodations – without violating the fire code.

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Build Back Better bill still faces stern test in the U.S. Senate.

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New Law Would Block Co-ops From Recouping Legal Fees

Written by Bill Morris on October 28, 2021

New York City

In echo of earlier snafu, co-op boards could be treated like rental landlords.

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Shareholders Wrest Power From an Entrenched Harlem Co-op Board

Written by Andrew P. Brucker on October 22, 2021

Harlem, Manhattan

Shareholders followed the bylaws to oust an entrenched, self-dealing board.

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New system is designed to bring federally backed premiums in line with risk.

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Co-op advocates keep flexing their newfound political muscle.

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Construction defects include noise, explosions, floods and faulty elevators. 

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Ask the Experts

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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

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