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Positive cash flow is vital for every co-op and condo community for paying bills and covering operating expenses—which is why boards must take it seriously when a shareholder or unit owner falls into arrears on their maintenance or common c…
Last month, CooperatorNews looked at the report issued by Florida’s Office of Program Policy Analysis and Government Accountability (OPPAGA) over the summer analyzing the implementation of laws passed after the deadly Champlain Towers c…
With Labor Day in the rear view mirror and the Holiday season just around the corner, it’s time to start thinking about weatherizing our lobbies for the upcoming winter snow, slush, and ice. It’s tempting to put off the task of preparing fo…
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…
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 Atlantic hurricane season runs from June through November, with storm activity intensifying in late summer, peaking around mid-September. And while the National Oceanic and Atmospheric Administration (NOAA) has predicted a calmer-than-u…
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…
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…