HABITAT
NYC co-ops and condos face legal and financial challenges that have to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant or lawyer, co-op and condo board directors have to make decisions. The collection of articles here will help your co-op or condo board navigate these waters.
Comptroller Says 421-a Tax Break is a $1.8 Billion Waste
March 18, 2022
Lander urges a new approach to generating affordable housing.
Queens Co-op Supers to Get $130,000 in Unpaid Wages
Written by Bill Morris on March 17, 2022
Attorney General cracks down on co-op that gave supers a free apartment but no pay.
Bill Would Make the Rich Ineligible for Co-op and Condo Tax Abatement
Written by Bill Morris on March 10, 2022
Legislation would divert funds to the city’s struggling public housing.
After Carveout, Co-op Boards Can Once Again Collect Legal Fees
Written by Bill Morris on March 03, 2022
Governor expected to sign bill ending need for a court order to recoup fees.
Inwood Tower Will Remain a Mitchell-Lama Co-op for 30 Years
Written by Bill Morris on February 28, 2022
New cash infusion from the state will keep co-op affordable until 2052.
Condo Boards Have New Weapon to Correct Construction Defects
Written by Bill Morris on February 24, 2022
Court orders $1.1 million set aside to cover sponsor’s missteps.
Co-op and Condo Boards to Weigh Staff Pay Against Tax Abatement
Written by Bill Morris on February 10, 2022
Nearly 4,000 boards are facing a decision that will put them in a “pickle.”
Prevailing Wage Affidavit Deadline Pushed to April 15
Written by Bill Morris on February 07, 2022
Boards must pay prevailing wages to qualify for a cherished property tax abatement.
How to Calculate Property Taxes After an Abatement Expires
February 04, 2022
When abatements end, taxes are sure to go up — but how much and how fast?
East Village Co-op Board Fails to Evict “Neighbor From Hell”
Written by Bill Morris on February 03, 2022
A chink appears in the sturdy armor of the business judgment rule.
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