Co-op / Condo News: Billionaires' Abatements, Board Oversight, and Bacon
Oct. 15, 2012 — Recent news affecting co-op / condo buyers, sellers, boards and residents. More on price floors keeping people locked in their apartments, and billionaire buyers at one midtown condo may reap 421-A tax abatements meant for lower-income housing. There's one degree of Kevin Bacon at an Upper West Side co-op trying to tone down a big honking new penthouse next door. And for co-op boards, a candidate for the New York State Assembly wants to revive the issue of board oversight and accountability.
Read all the latest co-op /condo news for buyers, sellers and board members in Habitat's weekly Monday News Roundup. Also included: Permanent archival links: If a link ever goes dead, you'll still be able to read the backup at WebCitation.org.
Co-op / Condo Buying, Selling, Living...
- "[Co-op] Board to Buyer: Nah. Not at That Price," on price floors, by Michelle Higgins (The New York Times)
- "Billionaires Get 'Low-Income' Tax Breaks in Condo Tower," on a 421-A tax-abatement loophole, by Robert Frank (CNBC)
- "West 82nd St. Penthouse Addition Pisses Off Kevin Bacon" by Jeremiah Budin (NY.Curbed.com)
- "Ask an Expert: Co-op consequences for a teen's wild party" by Teri Karush Rogers (BrickUnderground.com)
- "[AFL-CIO Housing Investment Trust] Wins Award for Support of Co-op Housing from National Association of Housing Cooperatives" (press release)
Co-op / Condo Board Issues...
- "Assembly Candidate Pledges to Reform Co-op Oversight" by Ned Berke (SheepsheadBites.com, Brooklyn)
- "Happy with Basic Cable," on whether co-op board can raise a shareholder's monthly fee after building obtains a bulk cable subscription, by Jay Romano (The New York Times)
WebCitation archives:
Nah...Price • Billionaires • Kevin Bacon • Wild Party • AFL-CIO • Oversight • Cable