The issues surrounding reverse mortgages are many and they are debatable. For a certain segment of our population they may provide needed cash. Home owners are eligible to apply them, but currently co-op owners may not. We do not wish to argue the merits or shortcomings, but rather simply endorse the availability of reverse mortgages,…
Read moreDuring the 2015-2016 legislative session an important piece of legislation was introduced, but there was no final action on it. Senate Bill s-893 would “amend the real property tax law, the administrative code of the city of New York and the real property law, in relation to classifying properties held in condominium and cooperative form…
Read moreDuring the 2015-2016 session of the New York State Legislature a number of bills were sponsored, but not enacted. One of them is of special concern to all co-operators and condominium owners throughout the state. Operating from its stated premises that during the review of applications, a Board of Directors may “illegally discriminate against a…
Read moreA plan to markedly alter the appearance of several parts of Riverdale has been sponsored by a bloc of local individuals and businesses. The proposition is still in its early stages and may be followed by a revision before any serious action will be forthcoming. However, some if not all of the recommendations may be forthcoming with or without the input of the residents of our community.
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