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.
Written by Bill Morris on February 28, 2022
New cash infusion from the state will keep co-op affordable until 2052.
Written by Bill Morris on February 24, 2022
Court orders $1.1 million set aside to cover sponsor’s missteps.
Written by Bill Morris on February 10, 2022
Nearly 4,000 boards are facing a decision that will put them in a “pickle.”
Written by Bill Morris on February 07, 2022
Boards must pay prevailing wages to qualify for a cherished property tax abatement.
February 04, 2022
When abatements end, taxes are sure to go up — but how much and how fast?
Written by Bill Morris on February 03, 2022
A chink appears in the sturdy armor of the business judgment rule.
February 01, 2022
Archaic assessment formulas and annual caps have led to massive disparities in tax burdens.
Written by Bill Morris on January 13, 2022
Boards must weigh payroll cost increase against tax benefits for residents.
Written by Bill Morris on January 10, 2022
Public hearing yields a promise from sponsors that co-ops will be exempt.
Written by Bill Morris on January 07, 2022
Gov. Kathy Hochul signs bill designed to preserve affordable housing.
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Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.