32 BJ Contract Agreement Reached a Week Early

Agreement was reached on Friday afternoon, April 13, 2018 on a four year contract between Local 32BJ SEIU and the owners of residential buildings – including cooperatives and condominiums in Manhattan, Queens, Brooklyn and Staten Island where the 32BJ members work. Agreement came after many hours and weeks of intense, but always...

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Con Ed incentive program for oil to gas conversions

Con Ed is beginning another incentive program for oil to gas conversions on March 1. It will operate on a first-come, first-served basis and is available to residential and commercial buildings. This program is separate from the Area Growth Zone program and is expected to enable participants to begin gas heating service by Fall...

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Free Financial Education Tool for Housing Co-Ops, Condos & HOAs

All National Cooperative Bank (NCB) customers, co-op employees and co-op members now have access to a free online financial education program to help provide a solid understanding of key financial concepts, such as savings, investing, mortgages, credit cards, credit scores, financing higher education and more. Participants can...

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Local Law 153 of 2016 In Effect June 4th

Local Law 153 of 2016 will go into effect on June 4th. Property owners are now required to provide tenants with a notice regarding procedures that should be followed when a gas leak is suspected. In order to comply with this new law, owners must: provide such notice to each tenant and prospective tenant with the lease or lease...

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MCI Abatement Changes Affecting Co-ops and Condos

When the NYS legislature renewed rent regulations effective July 2015, there were some significant changes that affect co-ops and condos. If a co-op/condo has an unsold share holding with one or more rent controlled and/or rent stabilized apartments, and the Holder of Unsold Shares obtains an MCI rent increase order, now there is a...

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