Attorneys and community association managers can be a godsend for the board of a co-op, condominium or HOA. Most boards consist of volunteers who usually have quite busy external lives themselves, so having an experienced professional on th…
If you live in a condominium, cooperative or HOA, you’re effectively acting as part of a participatory democracy run by an elected group of volunteers. And as with any democracy, those affected by the board’s decisions are encouraged to get…
The board of a condominium, cooperative or homeowners’ association has a fiduciary duty to make decisions in the best interest of the community as a whole. But individual board members may have different ideas as to what those decisions mig…
Most co-op, condo, and HOA board members are not legal professionals - they're volunteers who participate in the governance of their community out of a sense of duty and the desire to have a say in maintaining the value of their and their n…
Housing Development Fund Corporation (HDFC) cooperatives were set up some 40 years ago as a means of establishing home ownership opportunities for low-income residents in New York City. The program also served to help the city stabilize nei…
Last April, The Cooperator published an update on the conversion-to-condo project currently underway at Manhattan's famed Waldorf Astoria hotel. The precarious financial situation of Anbang Insurance Group , the Chinese company tha…
A condo community in Wayne, New Jersey is experiencing a case of sticker shock after its residents learned they would have pay for foundation repair work. NorthJersey.com reported that the owners of condo-townhouse complex Brittany Chase…
A conscientious, forward-thinking co-op, condo, or HOA board should always be looking for ways to improve their community's energy efficiency - but at the same time, board members must keep the cost of new, greener equipment and upgrades fi…
The seemingly perpetually under-construction Hudson Yards redevelopment – spanning the area from 29 th to 43rd streets between 7 th Avenue and the West Side Highway in Manhattan – is often the target of critique for everything from co…
It appears that the owners of a condo building in Manhattan’s Soho neighborhood are relieved that one of their own has finally moved out. The New York Post reported that celebrity photographer Ken Nahoum, who once owned a penthouse at 95…