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Capital Corporation to fund the remaining $2 million. About 6,100 lighting fixtures were swapped out. Most
for condominium capital improvements, the role of debt can trigger highly individualistic emotional and cultural
a tremendous impact on our shareholders. We are constantly juggling the need to raise capital to do all
their mortgage every decade or so, to take advantage of changing interest rates, to raise money for major capital
Preparing the annual capital budget in a self-managed building can be a terrifying task
? It was mainly financial. They had some structural issues, capital improvements, but unless they fixed
's correct. The ultimate goal was to be able to address some major capital improvements, including Local Law
's reserve fund in order to avoid using special assessments to address capital improvements — a distasteful
before major capital projects. The treasurer’s job is to know if there are adequate funds for capital
hardship due to the cost of necessary capital improvements. To qualify for any of these modifications

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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