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Finance Reversing the Trend
Reversing the Trend

There has been a recent push by federal, state and local legislators to get reverse mortgages or Home Equity Conversion Mortgages (HECM) approved for New York cooperatives. The federal Department of Housing and Urban Development (…

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Management Relations Finding the Right Match
Finding the Right Match

As in any healthy marriage, an association board and its manager must be compatible or else the relationship will oftentimes end in a messy divorce, experts at a Community Associations Institute (CAI) Big Apple panel told an audience of …

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Board Operations Banning Hoverboards
Banning Hoverboards

On the heels of a nationwide recall of a half-million hoverboards by the U.S. Consumer Product Safety Commission (CPSC) due to a fire risk, co-ops, condos and HOAs are warily looking at ways in which to ban the usage of these two-whe…

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Management The Pokémon Go Craze
The Pokémon Go Craze

Pokémon Go has taken America by storm. But if you're perhaps one of the few people who haven't heard yet about the popular video game app that has been in the news recently, here's a refresher: Pokémon Go lets smartphone users explore…

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Design Green Design
2016 July Green Design

Everyone who plays a role in designing and building or maintaining and operating cooperatives and condominiums, from architects and construction contractors to developers and owners, property managers and board members, is well familiar wit…

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Q&A Q&A: Our water tastes funny - what should we do?
2016 July Q&A: Our water tastes funny - what should we do?

Q. I live in an Upper East Side co-op whose water tank was recently replaced. Since the water was turned back on, I’ve noticed that there has been a distinctive odor and taste to the water. It could best be described as a mild cleanser bu…

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Q&A Q&A: Can a board charge arbitrary fees?
2016 July Q&A: Can a board charge arbitrary fees?

Q. I’m concerned about my board charging for arbitrary fees. My co-op recently charged a shareholder for a letter written to her by the co-op’s attorney.  Other shareholders have received similar letters but haven’t been charged for them.…

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