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New Hampshire House condo board successfully convinces owners to take a $3 million loan for facade repairs mandated by FISP.

420 Beekman Hill co-op pioneers large-scale heat pump tech to meet Local Law 97 emission goals, using Con Ed and NYSERDA incentives.

Williamsburg HDFC co-op at 151 Grand St. tackles boiler issues by leasing electric water heaters and heat pumps, financed by BlocPower.

The board of a small Brooklyn co-op obtained a Multifamily Express Green Loan from the New York City Energy Efficiency Corp to finance energy-efficient upgrades, including the installation of all-electric heat pumps and decommissioning the gas boiler. The co-op board increased maintenance and dipped into its reserve fund to cover the $150,350 project.

It's essential for buildings to review certificates of insurance (COIs) carefully to avoid potential liability. Fake COIs are a serious concern, and insurance brokers should be involved in verifying coverage details.

New Local Law 97 rules aim to address carbon-emission fines for buildings. "Good Faith Efforts" are detailed for the 10% facing fines in 2024. For the 75% expected to face fines in 2030, there's a carbon-emission credit for electrification measures.

The NYC Bar Association has updated the co-op apartment sales contract to address various issues and provide more clarity for buyers, sellers, and boards. It includes provisions for seller disclosures, buyer requirements, and facilitates the closing process, benefiting all parties involved.

NYC co-op and condo boards must hire a Qualified Parking Structure Inspector by Nov. 1 to inspect parking garages for a Dec. 31 deadline. These inspections result in Safe, Safe with Repairs and/or Engineering Monitoring, or Unsafe ratings, with associated repair costs. Moisture and de-icing agents can cause concrete damage, and waterproofing is recommended as a preventive measure.