Way back in 1966, New York State established the Housing Development Finance Corporation (HDFC) as part of its efforts to provide affordable housing to residents of the state. The program has been very successful, providing over 100,000 aff…
Your common areas - including the lobby, hallways, mail room, and other shared spaces - are the first impression visitors and residents alike get upon entering the property. If those areas are shabby, poorly maintained, or just plain dated,…
What rights do individual owners have to inspect their association’s books? What rights do boards have to limit owner review? When can a board restrict what an owner discloses to other owners, or what board members disclose to owners? This …
Complying with Local Law 97 (LL97) has many New York multifamily boards and managers stressed - the expense of reducing carbon emissions to acceptable levels (and avoiding steep fines for noncompliance) is daunting, and in many cases prohib…
A predictable, consistent inflow of cash is crucial for all multifamily communities to function - so unpaid maintenance and common charges pose a big problem for boards and residents alike. Arrears can lead to unpaid bills, neglected mainte…
Solar power is gaining traction in multifamily communities nationwide - but concerns about funding, installation, and ROI still have some boards hesitant. This informative discussion will explain how solar works, break down its costs, explo…
As the lending landscape remains challenging for individuals, associations, and co-ops alike, things like funding major projects or refinancing an underlying mortgage can be even trickier than usual. This presentation will map out the curre…
Multifamily buildings—both new and existing—face barriers to decarbonization amid competing demands and growing pressure from legislation, residents, and tenants. But there are opportunities to build value today, namely energy efficiency an…
There’s an old joke about business partners on the outs. The punchline is something like, “my lawyer is bigger than your lawyer!” Punchlines aside, though, who can you sue, when, and for what? In our litigious society, the short answer is n…
When someone buys a private single-family home, it’s clear who the king or queen of the castle is: the homeowner. When it comes to condominiums and co-op apartments, however, the relationship between resident and property is a little more c…