The Business Corporation Law, or BCL, is one of the primary statutes regulating operation of cooperative housing corporations. The BCL was implemented over a century ago, and remained more or less unchanged until it was overhauled in 19…
After what seemed like years, the wrangling over the proposed West Side Stadium in Manhattan and the city’s bid for the 2012 Olympics is over. A new stadium will now be built in Queens, not Manhattan; New York wasn’t chosen for the Olymp…
Historically, co-op buildings have had the market cornered on board-mandated restrictions, strict bylaws, and procedural red tape, while condos have been more black-and-white: co-op shareholders own shares, and condo owners own real estate.…
On May 5, 2005, Mayor Michael R. Bloomberg proposed a $49.7 billion budget plan for Fiscal Year 2006 that closes a once $4 billion budget gap and continues to invest in education, housing, human services, public safety and economic developm…
February 21, 2005 signaled the commencement of the sixth cycle of New York City's façade inspection laws: Local Laws 10 (1980) and 11 (1998), now referred to collectively as Local Law 11. It has been a full quarter-century since New …
The past year has seen a lot of changes in the codes governing New York City's buildings, both inside and out. Rules covering lead paint, carbon monoxide detection, and construction permits have been introduced or revised, and it's up to bo…
When you're on the board of a co-op or condo building, sometimes it can feel like you need a law degree to understand all of the paperwork that gets thrown at you. Depending on where you live, there are bylaws and proprietary leases and hou…
As the legislative session in Albany winds down, with the Legislature passing the budget on time for the first time in two decades and the City Council continuing with its business, now is a good time to take a look at some of the housing-r…
A03813 -- Automatic Application Approval --Requires applications to purchase condominiums or cooperatives to be acted upon within sixty days. Failure to do so would result in an automatic approval. 02/04/2005 referred to Housing 04/0…