One of the elements of buying into a co-op community that makes the process very different from purchasing a condo unit or single-family home is what’s commonly referred to as the “board package”—the dossier of letters, statements, disclosu…
This year, New York City passed the first landmarks in the long road to compliance with Local Law 97, the city’s roadmap to carbon neutrality by 2050. Many have questioned the approach and ultimate possibility of success for this program, n…
In shared interest communities like co-ops, condos, and HOAs, the promise of order and beauty is part of what residents in those communities buy when they purchase their units, even if it isn’t explicitly spelled out in the closing document…
In a decision handed down earlier this fall, a ground-floor commercial tenant in a condo building on Manhattan’s Upper East Side lost its bid to compel the condo association to pay a monthly fee for the alleged damages and disruptions cause…
According to a recent press release from the National Housing Coalition (NHC) the Trump administration added another set of tariffs expected to increase the cost of housing, this time targeting both lumber and timber imports, as well as…
The stability and value of a shared interest community hinges on a lot of things; financial solvency, good governance, and proactive physical maintenance, to name a few. But another key component, and one that may be less obvious to the eye…
Residential co-op, condo, and HOA board members volunteer to help manage day-to-day life in their building or community, allocating their time to actively participate in decisions that affect the place they call home. They oversee crucial a…
It’s a constant refrain in multifamily governance and management: open, transparent communication between boards, managers, and residents is vital to running a building or HOA effectively and equitably. Unresponsive, disconnected leadership…
According to a recent news item from the National Housing Conference (NHC), the Conference is leading a coalition of 28 affordable housing organizations and industry groups currently urging Senate leadership to bring the bipartisan Re…
While co-op and condo living may seem like the most basic example of true democratic government, the reality of how boards are chosen more closely resembles that of ruling party-controlled elections in totalitarian states, with candidates g…