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.
J-51 Tax Abatement for Co-ops and Condos Is Stuck in Limbo
Written by Bill Morris on November 18, 2021
City Council must act to revive means of paying for capital improvements.
Compromise Required When Disabilities Clash With City Codes
November 15, 2021
Co-op and condo boards must grant reasonable accommodations – without violating the fire code.
Democrats Reach Deal to Raise Cap on SALT Deduction to $80,000
November 08, 2021
Build Back Better bill still faces stern test in the U.S. Senate.
New Law Would Block Co-ops From Recouping Legal Fees
Written by Bill Morris on October 28, 2021
In echo of earlier snafu, co-op boards could be treated like rental landlords.
Shareholders Wrest Power From an Entrenched Harlem Co-op Board
Written by Andrew P. Brucker on October 22, 2021
Shareholders followed the bylaws to oust an entrenched, self-dealing board.
Co-op and Condo Flood Insurance Premiums Could Jump by 10% or More
Written by Justin Kraus on October 14, 2021
New system is designed to bring federally backed premiums in line with risk.
Advocates Urge Governor to Sign Bill Carving Co-ops Out of Tenant Act
September 28, 2021
Co-op advocates keep flexing their newfound political muscle.
Condo Board Sues 432 Park Ave. Sponsors for $125 Million Over Defects
September 27, 2021
Construction defects include noise, explosions, floods and faulty elevators.
There Are Limits on Employee Vaccination Mandates
Written by Andrew I. Bart on September 21, 2021
Union agreement allows co-op and condo boards to use a carrot, not a stick.
Court Says Frivolous Lawsuits Qualify as “Objectionable Conduct”
Written by Ira Brad Matetsky on September 09, 2021
Board succeeds in terminating the lease of a litigious shareholder.
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