NYC co-ops and condos face legal and financial challenges that have to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant or lawyer, co-op and condo board directors have to make decisions. The collection of articles here will help your co-op or condo board navigate these waters.
Inwood Tower Will Remain a Mitchell-Lama Co-op for 30 Years
Written by Bill Morris on February 28, 2022
New cash infusion from the state will keep co-op affordable until 2052.
Condo Boards Have New Weapon to Correct Construction Defects
Written by Bill Morris on February 24, 2022
Court orders $1.1 million set aside to cover sponsor’s missteps.
Co-op and Condo Boards to Weigh Staff Pay Against Tax Abatement
Written by Bill Morris on February 10, 2022
Nearly 4,000 boards are facing a decision that will put them in a “pickle.”
Prevailing Wage Affidavit Deadline Pushed to April 15
Written by Bill Morris on February 07, 2022
Boards must pay prevailing wages to qualify for a cherished property tax abatement.
How to Calculate Property Taxes After an Abatement Expires
February 04, 2022
When abatements end, taxes are sure to go up — but how much and how fast?
East Village Co-op Board Fails to Evict “Neighbor From Hell”
Written by Bill Morris on February 03, 2022
A chink appears in the sturdy armor of the business judgment rule.
New Report Says Property Taxes Are "Crushing" New York Homeowners
February 01, 2022
Archaic assessment formulas and annual caps have led to massive disparities in tax burdens.
Prevailing-Wage Affidavits Due for Co-op and Condo Tax Abatements
Written by Bill Morris on January 13, 2022
Boards must weigh payroll cost increase against tax benefits for residents.
Co-ops Will Be Untouched by the “Good Cause Eviction” Bill
Written by Bill Morris on January 10, 2022
Public hearing yields a promise from sponsors that co-ops will be exempt.
New Law Raises Bar for Opting Out of Mitchell-Lama Program
Written by Bill Morris on January 07, 2022
Gov. Kathy Hochul signs bill designed to preserve affordable housing.