Category: On The Board

Effective July 1, 2026, owners of “pied-à-terre”  co-op or condo units and/or one- to three-family houses located in New York City (referred to here as a “covered property”) are subject to an add-on property tax surcharge (aka the PAT tax) …

No board can prevent every accident, lawsuit, water or property damage event. However, there are practical steps that boards and managers can take to put themselves in the best possible position before such a claim occurs. The goal isn't pe…

In Albany, a recently introduced bill could reshape key aspects of co-op governance. Assembly Bill A10283, dubbed the ‘Increase Transparency in Cooperative Housing Corporations’ bill, proposes broad changes aimed at expanding shareholder ov…

Two major legislative proposals currently active in the New York State Legislature are causing some debate between housing advocates, buyers, and co-op/condo organizations thanks to their potential impact on buildings’ operational freedom a…

The National Housing Conference (NHC) will host its annual Solutions for Affordable Housing conven tion on Tuesday,  December 8 at the National Press Club in Washington, D.C.. According to the NHC's annoucement of the conference, " Thi…

Enacted in January of this year, Local Law 58 marks a significant change in the way co-op transfer applications must be handled in New York City. Prior to the enactment, the approval process was largely dictated by each individual co-ops’ g…

The deadly collapse of Champlain Towers in Surfside, Florida on June 24, 2021, represents a watershed moment for shared-interest communities in Florida and nationwide. It exposed a fatal fault in the administration of condominium communitie…

CooperatorNews recently published an interview with Rebecca Poole, Director of Membership and Communication at the Council of New York Cooperatives & Condominiums (CNYC) about the quandary facing many co-op and condo communities around ac…

New York City’s expanding roster of Local Laws has come with an expanding list of compliance requirements for co-op and condo communities. The cost of compliance is becoming onerous, particularly for multifamily residential buildings, inclu…

In a historic turn for national real estate policy, the 21st Century ROAD to Housing Act officially became federal law on July 11, 2026. The landmark legislation took an unusual constitutional path to enactment. After clearing the U.S. Sen…