As 2024 draws to a close, boards and managers should be aware of new legislation which profoundly impacts admissions practices in community associations in New York City. The legislation, popularly known as the Fair Chance for Housing Act,…
As property values continue to outpace inflation, property taxes are taking a bigger bite out of homeowners’ wallets. A new analysis from consulting firm Construction Coverage breaks down property tax rates by state, county, and city to…
Local Law 157 was passed to prevent tragedies like the 2014 East Harlem and 2015 East Village gas explosions. By requiring the installation of natural gas detectors in all residential units with gas appliances by May 1, 2025, the law intend…
Construction Coverage just released the newest edition of its U.S. Cities With the Most Mortgage Refinances report, with data specific to the New York-Newark-Jersey City, NY-NJ metro. While mortgage refinances declined nationally by ne…
In its never-ending battle against rats and other vermin, New York City continues to refine its rules and approach to handling the mountains of garbage produced by more than 8 million people on a daily basis. The latest skirmishes concern s…
Watch On Demand! Compliance is a key part of a board's duty in order to maintain building safety, improve energy efficiency, and avoid costly fines and legal penalties. While some larger management firms now have in-house compliance depart…
One of the lingering effects of the pandemic is the availability of new - often less expensive - condominium units for sale in buildings that experienced major construction delays and foreclosures during the crisis. While these otherwise we…
On Tuesday, November 19 from 10 a.m. to 4:30 p.m., the CooperatorEvents New York Expo returns to the Javits Convention Center in Manhattan, bringing with it all the educational, professional, and practical resources for New York’s multi…
Having a commercial space on the ground floor of your co-op building can be both a blessing and a curse. On the blessing side, the income generated by such a space can provide much-needed income for a residential cooperative, reducing sha…
According to a newly released report from construction industry research firm Construction Coverage, the New York metro area currently leads the nation in multifamily home construction. The U.S. housing market remains a critical economic…