New York's Cooperative and Condominium Community

Habitat Magazine June 2020 free digital issue

HABITAT

NORTH BABYLON

Long-Range Planning, the Gift That Keeps Giving

Written by Bendix Anderson on September 04, 2019

North Babylon, Long Island

Long Island co-op completes capital projects without assessing shareholders.

New York City and State legislators have introduced bills that would institute timelines for when co-op boards have to reach an admissions decision, with one bill that would mandate boards either give a reason why they rejected a potential buyer or swear that the reasons for rejection were not based on discrimination. 

Are these reasonable? For a real-world example, we can look to Suffolk County, Long Island, which in 2009 enacted a co-op admissions law with both time clocks and required reasons for rejection.

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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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