REVERSE MORTGAGE UPDATE

Our heartfelt thanks to all of you who responded to our call for messages to your state Assembly representatives to ask for their support of Jeff Dinowitz’s bill that would have brought us a significant step closer to reverse mortgage availability for seniors in housing cooperatives. The legislative session ended without passage...

read more

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...

read more

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...

read more

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...

read more

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...

read more