In 2016, the New York City Council passed a citywide ordinance requiring the installation of natural gas detectors, 180 days after “an industry standard concerning the use of natural gas detecting devices in residential buildings has been p…
At the heart of co-op and condo living is the association or corporation board, that unique self-governing body that directs the community and carries out its mission to uphold quality of life and preserve the investment of its members. Boa…
A CooperatorEvents Webinar: How to Navigate and Respond to the New Fannie Mae/Freddie Mac Temporary Guidelines for Condominiums. Presented by Becker & Poliakoff WATCH ON DEMAND This course is approved by Community Association Managers Int…
Americans are a particularly litigious lot, believing as many of us do that we are endowed with the inalienable right to life, liberty…and the pursuit of recompense for any slight or wrong done to us, real or perceived. This tendency is unf…
Even though 2022 started off with a backlog of court proceedings and legislative sessions after months of COVID closures and related scheduling issues, a number of cases and bills of interest to the multifamily housing community have gone t…
Last week, the New York State Senate did not take up renewal or replacement of the 421a tax abatement that is set to expire on June 15, 2022, leaving the fate of the program—and new residential building in the city—in limbo. Currently kno…
With costs rising—and accidents and property damage a perpetual worry for boards and owners alike—it’s vital that both you and your co-op or condo association be properly insured against liability and loss. Boards and residents also need to…
The financing landscape for co-ops has never been more diverse than it is today, or more customizable for a community's unique needs. The array of options for structuring a mortgage to help your co-op accomplish its long-term objectives is …
Commercial umbrella coverage is an essential protection from big liability claims against your building—but insurance markets have grown increasingly volatile in the last two years, and there are fewer programs offering adequate protection …
Many co-op and condo boards are exploring solar as a potential source of energy for their buildings. This enlightening conversation will explain how solar works, break down the costs involved—as well as incentive and subsidy programs and fi…