Most of the multifamily, residential buildings found in large cities are either co-ops or condos, and most are run the way co-ops and condos across the country are run. But if you dig a little deeper in here in New York City, you’ll fin…
Q My mother recently passed away and I inherited her shares in a Mitchell-Lama co-op building. It's taken quite some time to run down the paperwork, and make preparations to empty the unit, and the building management has not been at al…
As the legislature in Albany and the New York City Council are in full swing, legislation of every type is being proposed, debated, and considered. As one might expect, the budget is front and center in these recessionary times, but ho…
Q I live in a Mitchell Lama co-op which is starting the process of privatization. We have a very large mortgage that has many years to go until it is paid off. We also have a large reserve fund for various contingencies. At a meeting r…
Emma Lazarus perhaps said it best in her immortal poem in which she spoke about the wave of immigrants that were welcomed to American’s golden shores. Generation upon generation of newcomers have chosen to settle in New York City and its…
Legislatures are in session, both in the city and in Albany, and, as always, housing is a hot issue. What bills should co-op and condo board members, managers and owners be looking at that may impact their residences? While there ar…
In 1974, a group of New York City residents banded together to preserve affordable housing in the city and the push resulted in the creation of the advocacy group, Tenants & Neighbors. Since that time the nonprofit group has been working…
Back in 1955, when the flight to the suburbs was going full blast and many city neighborhoods were deteriorating from lack of money and municipal attention, the Mitchell-Lama bill, named after State Sen. McNeil Mitchell and New York Assembl…
As the legislative session in Albany winds down, with the Legislature passing the budget on time for the first time in two decades and the City Council continuing with its business, now is a good time to take a look at some of the housing-r…