According to a June 17 press release from the National Housing Conference (NHC), a new report from the Conference outlines conditions for administrative release from the long-standing conservatorship of Fannie Mae and Freddie Mac (the Enter…
New Yorkers are not big fans of sidewalk sheds—the hulking, sunlight-and-storefront-blocking, trash-accumulating, rat-sheltering metal-and-plywood structures that protect passers-by from falling debris during facade repair and restoration w…
In New York City, certain cooperative apartment buildings can receive substantial revenue by selling unused air rights. While potentially very lucrative, capitalizing on these opportunities requires navigating unique challenges, from antiqu…
Self-managed communities large and small can save a considerable amount of money by eschewing third-party management and handling their day-to-day business in-house. This means the board must assume the tasks and responsibilities that commu…
Within any community, there will be disagreements. In shared interest communities, unfortunately those disagreements can sometimes lead to litigation. That litigation can take many forms: shareholder or owner vs. co-op or condominium, or v…
The NYC City Council recently passed changes to Local Law 11 (LL11), which Mayor Adams recently signed into law. LL11 requires that all exterior walls of buildings taller than six stories—not just those facing the street—be professionally i…
The Department of Buildings announced that it is extending to June 30th the 2025 Benchmarking (LL84) deadline for all property owners required to submit energy and water use data for the calendar year 2024. The deadline was previously set f…
May 1 marks the deadline for an array of compliance reports NYC co-op and condos must submit to the city; Local Laws 97, 84, and 88 reports are all due on May Day. But according to tech-driven property management firm Daisy , the Departm…
A recent court case involving a dispute between the board of The Parc Vendome—a 587-unit prewar condo building on Manhattan’s West Side—a commercial tenant in the building, and the building’s own residents has thrown new light on the questi…
In a recent essay published in the National Housing Conference (NHC)’s newsletter, NHC President and CEO David M. Dworkin breaks down ‘What we know about Fannie and Freddie as we begin the 10th week of revolutionary change’ for readers. …