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on bad actors that profit by taking permanent housing units off the market.” Most co-ops and many condos
The allocation of shares in a housing cooperative is more art than science – even though
House condominium in the West Village has filed a lawsuit on behalf of unit-owner Michael Pavlakos
, representing 31 percent of all benchmarked properties. Since multifamily housing accounts for the majority
wave of delinquencies in May. “The impact of COVID-19 on the housing and mortgage markets has already
% of the deemed “Area Median Income” and must be at least 30 days delinquent on monthly housing payments
year's Housing Stability and Tenant Protection Act, which stung rental landlords and had unintended
and mortgage payments, proposing in a letter to Senate and House leadership that such a provision be tucked
of the state’s Housing Stability and Tenant Protections Act of 2019, which curtailed the way landlords can
bill into law on Dec. 27, 2020, which specifically included housing cooperatives among the entities

Ask the Experts

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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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