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Category: COVID-19

COVID-19
Using Reserves to Cover a Cash Shortage

Reserve funds are a normal - and crucial - component of the budget for any co-op and condominium community. Lenders of all types, whether it be the banking institution that holds the underlying permanent mortgage on an entire co-op building…

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COVID-19
Touchless Technology vs. COVID-19

During the COVID-19 pandemic, many condos, co-ops and rental buildings in NYC restricted the entry of nannies, dog walkers, housekeepers, outside contractors, etc. to their properties, limiting access to residents and essential building sta…

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COVID-19
DOB Announces FISP Amnesty Program

The New York City Department of Buildings (DOB) has announced an Amnesty Program for owners of buildings who failed to file a Facade Inspection Safety Program (FISP) report in the 8th Cycle, which ended on February 21, 2020. While most …

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COVID-19
As Brokerage Re-Opens, Will Sales Follow?

As New York continues its efforts to re-open its economy safely amid the continuing (and in many states, intensifying) COVID-19 crisis, there is concern about what the residential housing market - which had experienced a decline even before…

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