In a joint press conference on April 22, the Federal Housing Finance Agency (FHFA) and the U.S. Department of Housing and Urban Development (HUD) announced that their respective underwriting software will begin allowing VantageScore 4.0…
The National Electric Code (NEC) is published by the National Fire Prevention Association (NFPA) and is the main U.S. standard for safe electrical installations. The code covers everything from wiring methods and circuit protection to equip…
Each and every multifamily community is different, with unique needs, expectations, and challenges. If you’re a regular reader of this publication, you’ve heard that refrain many times, across a broad range of contexts—including board gover…
Litigation has long been a fact of life for shared-interest communities. The nature of what’s being litigated changes over time with various issues moving to the forefront while others recede. Today we are pleased to have Devin Kosar, mem…
According to a March 26 press release from the Service Employees International Union 32BJ SEIU, the union has set April 15, 2026 as the date for a strike vote amidst contract negotiations with NYC’s Realty Advisory Board on Labor Relations …
The NYC Department of Buildings (DOB) published a service notice at the end of February reminding boards, managers, and building owners of the 2026 filing deadlines for the City’s local sustainability laws, including: Benchmarking Energy …
After several years of work, a new alteration agreement form for condo units has been approved by both the New York City and New York State Bar Associations. Alteration agreements are used by boards to regulate and oversee any renovations…
For many people, the defining characteristic of a co‑op building is the board’s power to approve or reject prospective buyers at will. That approval power—unique among housing models in the U.S.—has often been the subject of critique, and d…
The rules governing co-op housing in New York City are constantly changing and evolving. One new regulation with major implications for co-op boards is the City Council’s Intro 1120-B, which went into effect in January after bouncing around…
For decades, New York State’s laws governing cooperatives and condominiums have largely remained the same: co‑op boards make decisions about sales and finances behind closed doors, condos run on their own governance, and residents’ rights b…