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.
Luxury Condo Unit-Owners Benefitting from 421-a Tax Break
March 31, 2022
Tax break designed to spur affordable housing is a boon to developers and the rich.
Lawmakers Want to Punt on the Fate of the 421-a Tax Break
March 30, 2022
State legislators want to delay decision on updating tax break set to expire in June.
Bill inspired by deadly Bronx fire is called “a solution in search of a problem.”
Third-Party Employees Fall Under the Prevailing-Wage Requirement
Written by Bill Morris on March 24, 2022
Co-op and condo tax abatement available only if all workers get prevailing wage.
Unknowns of Litigation Could Outweigh the Possible Rewards
Written by William D. McCracken on March 22, 2022
Boards need to ask — and answer — these questions before filing suit.
Chelsea Condo Loses Commercial Tenant to Russia Sanctions
March 21, 2022
Grocery delivery app Buyk loses funding and is forced to shut down.
Comptroller Says 421-a Tax Break is a $1.8 Billion Waste
March 18, 2022
Lander urges a new approach to generating affordable housing.
Queens Co-op Supers to Get $130,000 in Unpaid Wages
Written by Bill Morris on March 17, 2022
Attorney General cracks down on co-op that gave supers a free apartment but no pay.
Bill Would Make the Rich Ineligible for Co-op and Condo Tax Abatement
Written by Bill Morris on March 10, 2022
Legislation would divert funds to the city’s struggling public housing.
After Carveout, Co-op Boards Can Once Again Collect Legal Fees
Written by Bill Morris on March 03, 2022
Governor expected to sign bill ending need for a court order to recoup fees.