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City Triples Staff to Enforce Local Law 97 as First Deadline Looms

. The Adams administration has kicked in $4 million in this year’s budget toward the enforcement effort ... Green Ideas How NYC co-ops/condos save energy Energy is one budget item that NYC co-ops and condos ... $4 million budget and $20 million grant allocated to beef up enforcement efforts.

Three utility rate hikes to increase New Yorkers' monthly bills by $53

New York City

— the biggest jump since 2011 — while noting that the board was forced to impose the hike due to a budget ... Water rates increased by 8.5% due to a budget maneuver by Mayor Eric Adams.

What Lies Beneath UNABRIDGED

Magazine Article by Drew Posner, Senior Vice President and Director of Client Services, Maxwell-Kates on August 24, 2023

the Schedule B, which shows the original operating budget of the condo. When a sponsor puts together a Schedule ... . Schedule B budgeting shortfalls can lead to complex challenges and increased costs. Communication is key.

A Tale of Two Buildings UNABRIDGED

Magazine Article by Michael Gwertzman on October 01, 2004

, with proper planning and foresight, capital improvements can come tailor-designed to fit its budget ... being done in a concentrated time frame, the building has budgeted the project so that the work

When Shareholders Fail to Pay, Small Co-ops Have Big Problems. What to Do?

A small or mid-sized co-op with a tight budget, limited cash reserves and pending capital

2010 September

by subscribing >> ▶ CFO Board veterans give "newbie" treasurers advice. ▶ The Budget Blueprint

Decentralized Heating and Cooling Solution Saves Millions for New York City Condo UNABRIDGED

Magazine Article by Carol Ott on May 08, 2024

the line item for heating and cooling from the building’s budget. Third, budgeting a couple hundred ... , and budgeting for leak repairs. (Print: When The Fix Is A Pivot, And The Pivot Saves Energy)

Insurance Premiums Skyrocket: How to Navigate the Financial Impact UNABRIDGED

Magazine Article by Jason Schiciano President, Levitt-Fuirst Associates on November 06, 2024

be negative, to give them the time to digest it and to adjust their budgets accordingly.” Two months before ... to adjust their budgets accordingly. (Print: INSURANCE STICKER SHOCK)

Toby Johnson's Journey: From Math Professor to Co-Op Treasurer in Brooklyn UNABRIDGED

Magazine Article by Paula Chin on May 02, 2024

of Staten Island, he serves as board treasurer. Johnson spoke with Habitat about the challenges of budgeting ... budgeted for repairs and switched to electrification, saving the building money and reducing its carbon

management bonus

You are not obligated to give them bonuses. They have their own budget from where they bonus

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Coop serious problem - staff work without permits, etc

DM Dec 15, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

learn more

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

Source Guide

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