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According to a recent press release, at 11 a.m. on Friday, January 17, dozens of residential industry leaders, builders, property owners, affordable housing advocates and policymakers will convene across the street from the Brooklyn federal…
Amid rising mortgage rates and increased financial pressure on American households, one subset of homeowners stands out: those who have fully paid off their homes. A new study from consulting firm Construction Coverage examines mortgage p…
Co-op boards once had near absolute power to reject applicants for purchase of shares for almost any reason. Over the years, the courts and New York City have narrowed that prerogative in an effort to curtail housing discrimination. Effecti…
On December 23rd, the Fifth Circuit Court of Appeals issued a decision staying the nationwide injunction issued by the U.S. District Court for the Eastern District of Texas earlier this month. This court order reinstates the deadline for f…
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…