YOUR HELP URGENTLY NEEDED: ASK YOUR ASSEMBLY MEMBER TO SUPPORT REVERSE MORTGAGES IN CO-OPS

Legislation that would allow Reverse Mortgages for seniors 70 and over who make their homes in cooperatives has passed the New York State Senate and has been introduced in the Assembly. If passed this would open the door for lenders not interested in FHA to begin to make reverse mortgage loans in NY State (despite 16 years of...

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REGISTER AND INSPECT COOLING TOWERS

The NYC Department of Buildings has asked CNYC to make its members aware that building owners and operators now have the opportunity to voluntarily register their cooling towers and evaporative condensers with the Department of Buildings.  Online access to the registration form and additional information can be found...

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DOH Order on Bronx Legionnaire’s Disease Outbreak

On August 6, 2015 the Commissioner of the New York City Department of Health issued an Order with respect to the outbreak of Legionnaire’s Disease in the Bronx. The Order will be mailed to each property that the City of New York has identified as having a cooling tower. The Order requires that all persons who own, manage or...

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ABATEMENT EXTENDED FOR FOUR YEARS

On Thursday, June 25, 2015, the State Senate and Assembly and Governor Cuomo came to agreements on rent regulation and the 421a incentive program for developers. With these issues finally settled, a four year extension of the property tax abatement program for home owners in New York City cooperatives and condominiums was included...

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ALL NYC BUILDINGS MUST FILE ANNUAL PROPERTY REGISTRATION WITH HPD

Every NYC Building must file an online  Property Registration form with HPD as required by the NYC Housing Maintenance Code by August 31, 2015.  Management firms typically  do this  filing for their client buildings, but self-managed buildings will want to be sure not to miss the deadline.  Here are the instructions : Access...

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