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it another way: “I’ve never seen so many young people with the amount of money buyers have these days
had to use the flip tax for capital improvements so the money was there already,” says board member
and the amount of money being saved. “Some buildings have a green committee, and you absolutely have to have
at the front of the building, where shareholders had the most noise complaints. When the co-op has the money
reduce its operation so it can save money for the building and also reduce the amount of water being used
no money changes hands during automatic transfers upon the death of a shareholder, however, they may
to meet their winter electricity bills. “Clearly, we need to move beyond wasting energy and money like
, the building is now making money on the loan. “We are applying that to the projects,” Arnold says. The work
easier for the high-rise to participate and earn money. “The resident manager isn’t running around
that the city does not view this program as a potential money-maker; it's about combating climate change

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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