Many board members have recognized the transformative impact that the Climate Mobilization Act (CMA) will have on how their buildings will operate, and they’re either energized or horrified by the prospect. Many board members and property managers still have only a vague sense of what the CMA means for their buildings.
Read moreThere isn’t a good correlation between the letter grade and the fines buildings may be facing under the provisions of LL97. Buildings with good letter grades can still get hit with penalties. You have to look at the measures you can take to avoid penalties.
Read moreAfter an extensive lobbying effort by residential coops and their trade associations, cooperative apartment owners are now able to get reverse “mortgage” loans in New York. This [article] provides information to borrowers who may consider whether to obtain a reverse mortgage loan and answers questions that coop Board members may have as they consider whether to allow such loans.
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