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Having a commercial space on the ground floor of your co-op building can be both a blessing and a curse. On the blessing side, the income generated by such a space can provide much-needed income for a residential cooperative, reducing sha…
According to a newly released report from construction industry research firm Construction Coverage, the New York metro area currently leads the nation in multifamily home construction. The U.S. housing market remains a critical economic…
As the leaves change and the weather cools, it’s time to make like the squirrels and start preparing for winter. For shared interest communities, that often means dusting off the winter snow-removal supplies and equipment, from shovels and …
According to a recent item published by the National Housing Conference (NHC), Representative Mike Lawler (R-N.Y.) has “announced a new sweeping legislative housing plan that looks to incentivize construction to produce more affordable…
Collecting food scraps for curbside composting pickup is now mandatory in NYC, with the Department of Sanitation (DSNY) rolling out compost bins to multifamily buildings across the city. But how to get the word out and encourage condo, co-o…
In addition to death and taxes, fluctuating interest rates are pretty much a guaranteed fact of life. That reality raises a question for many co-ops with low interest underlying permanent mortgages coming due for refinancing: how to recast …
The Background In a recent case, the Community Associations Institute (CAI) and several community associations sought a preliminary injunction against the enforcement of the Corporate Transparency Act (CTA). The CAI argued that requiring t…
AARP is conducting a survey about vital housing options like accessory dwelling units (ADUs) in your community. An ADU is an independent, permanent residential unit, containing a living area, kitchen, and bathroom, built on the same lot…
New research from the National Alliance to End Homelessness (NAEH) shows that chronic homelessness is outpacing other subgroups, driving overall increases in homelessness data. The data shows that since 2016, chronic homelessness has…
Boards and managers in the tristate area and beyond know what a tall order it is to run a co-op, condo, or HOA; from structural maintenance to interpersonal communication and conflict resolution, the skills and strengths that make for effec…