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The stability and value of a shared interest community hinges on a lot of things; financial solvency, good governance, and proactive physical maintenance, to name a few. But another key component, and one that may be less obvious to the eye…
Residential co-op, condo, and HOA board members volunteer to help manage day-to-day life in their building or community, allocating their time to actively participate in decisions that affect the place they call home. They oversee crucial a…
It’s a constant refrain in multifamily governance and management: open, transparent communication between boards, managers, and residents is vital to running a building or HOA effectively and equitably. Unresponsive, disconnected leadership…
According to a recent news item from the National Housing Conference (NHC), the Conference is leading a coalition of 28 affordable housing organizations and industry groups currently urging Senate leadership to bring the bipartisan Re…
While co-op and condo living may seem like the most basic example of true democratic government, the reality of how boards are chosen more closely resembles that of ruling party-controlled elections in totalitarian states, with candidates g…
Given all the big expenses condo, co-op, and HOA boards have to keep track of, smaller things, like boxes of cleaning supplies and other everyday maintenance items might seem secondary. But the truth is, neglecting those ‘little’ expenses c…
Efficient condo and co-op boards make a building run smoothly—but the most effective ones don’t work alone; they understand how to work together with other industry professionals, including property managers, attorneys, accountants, and oth…
According to a recent bulletin from the Council of New York Cooperatives and Condominiums (CNYC), all NYC co-ops and condos with more than three residential units are subject to Local Law 31, which requires XRF testing for lead-based paint …
The introduction of New York State Senate Bill S7541 has raised the specter that shared-interest communities, including co-ops and condominiums, may have to release the results of engineering reports, inspections, and permits to residents, …
On July 4th, the “Big Beautiful Bill” was signed into law, making significant changes to the nation’s tax and benefits systems and expanding certain housing and economic development policies. According to a statement from the National Housi…