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Way back in 1966, New York State established the Housing Development Finance Corporation (HDFC) as part of its efforts to provide affordable housing to residents of the state. The program has been very successful, providing over 100,000 aff…
There’s an old joke about business partners on the outs. The punchline is something like, “my lawyer is bigger than your lawyer!” Punchlines aside, though, who can you sue, when, and for what? In our litigious society, the short answer is n…
According to the Foundation for Community Association Research’s Community Association Fact Book 2023, 30% of the U.S. population currently resides in a condominium community, housing cooperative, or homeowners association, with numbers of …
One of the most widely felt effects of New York City’s multiple efforts to fight climate change is the shift away from oil- and gas-fired heating plants to electric. These efforts have been, and continue to be, largely successful. One of th…
Over the years, multifamily co-op and condominium buildings have been notorious for the plethora of restrictions many impose upon residents, from smoking bans to strict quiet hours to forbidding holiday displays. While many of these restric…
Several new environmental rules are in the pipeline for multifamily co-op and condo communities in New York City. One, Local Law 157 relates to natural gas detectors, and the other, Local Law 88, as amended by Local Laws 132 and 134, requir…
Back in 2021, Congress passed the Corporate Transparency Act (CTA), a federal law requiring most corporations, LLCs, and other such entities to register with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The …
New York City already had the largest, most extensive, most specific list of protected groups in the nation when it comes to housing discrimination. With the New York State Legislature’s passage of the Fair Chance Housing Act earlier this y…
It appears that a federal program aimed at assisting low- and moderate income shareholders in Mitchell-Lama and other subsidized co-op properties through a New York State agency is coming back to complicate, rather than simplify, residents’…
The National Housing Conference (NHC) recently launched its latest venture in the organization’s ongoing effort to address the persistent affordable housing crisis in America: “Beyond Four Walls: Conversations on Affordable Housing,” a bimo…