Board Operations Board Compensation
2017 September Board Compensation

The amount of time and energy invested by board members in the many decisions and projects surrounding the successful functioning of a building community can demand the kind of commitment and dedication required by a demanding part-time job…

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Design The Challenge of Small Spaces
2017 September The Challenge of Small Spaces

Unless you call a sprawling Wyoming cattle ranch home, chances are that in your life, space comes at a premium. And while living in close quarters in places like New York City is often fodder for jokes, the problem of not enough space (or t…

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Finance Appropriate Use of Common Funds
2017 September Appropriate Use of Common Funds

For the board members and managers handling the successful operation of a co-op or condo community, one of their biggest responsibilities revolves around their fiduciary duties. They are, after all, dealing with people’s biggest assets: the…

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Real Estate Trends A Look at HDFCs
2017 September A Look at HDFCs

Incorporated under Article XI of the Private Housing Finance Law, Housing Development Fund Corporation (HDFC) cooperatives are partnerships between public and private interests that help the tenants of city-owned residential co-ops – often …

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Energy Conservation Cleanliness Is... Greenliness?
2017 September Cleanliness Is... Greenliness?

Cleaning products should, ideally, have one primary function: to make things less dirty. But once one delves deeper into the overall goal, things get more complicated. For instance, what makes something really clean? Does it mean to look sh…

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Energy Conservation A Look at Cogeneration
2017 September A Look at Cogeneration

The majority of residential buildings in New York City obtain power from Con Edison or secondary energy suppliers. But in recent years, boards and managing agents have investigated, and in some cases, installed “cogeneration” systems that a…

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Energy Conservation Improving Indoor Air Quality
2017 September Improving Indoor Air Quality

In multifamily buildings that hundreds —maybe even thousands—of people call home, it comes as no surprise that unpleasant smells can become an absolute nuisance. The airways that run through the building, the chutes and areas that house the…

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