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According to a recent item published by the National Housing Conference (NHC), the Executive Council for Housing Affordability (ECHA) at the J. Ronald Terwilliger Center for Housing Policy sent a letter to Congressional leaders on Novem…
Almost as if by coincidence, given last week’s historic rains and flooding, New York State has recently passed two laws that provide some answers for homeowners and renters affected by the intense weather event. The first, Section 231-B of …
The New York State Department of Taxation and Finance recently took the position that a revocable license granted for a parking and storage spaces in a condominium building constituted a conveyance of real property under Article 31 of the s…
Yet another new law has recently passed that affects co-ops, condo and HOA boards, as well as residents who lease their units. The law addresses the potential for flooding of leased residential premises due to historic rainfall and natural …
Like dental work and filing income taxes, estate planning is not something most people typically enjoy - and is often put off till it’s too late. This reporter’s own father - who sold life insurance for a living - did not purchase cemetery …
While co-op boards have an enormous amount of influence over who is - and is not - allowed to purchase shares and call their building home, condo boards have far less power in that regard. While co-op boards can (and usually do) reject bu…
The NYC Department of Finance Office of the NYC Comptroller recently released a report detailing options for the city to secure new sources of funding for services. Among these are two that seek to achieve more equitable taxation of real pr…
While occasional annoyances and interpersonal friction are simply part of the cost of communal living, some behaviors cross the line from minor nuisance into legitimate harassment. Knowing the difference is important—but it can be tricky to…
A current bill working its way through Congress would correct a gap in the way the Federal Emergency Management Agency (FEMA) delivers recovery assistance in the wake of natural disasters. Sponsored by Reps. David Rouzer (R-N.C.), Jerrold N…
Like the physical neighborhoods around them, the legislative and legal landscape surrounding New York’s co-op and condo communities is constantly evolving. While some changes are hailed as wins for boards and the residents they govern, othe…