HOW MULTI-FAMILY BUILDING OWNERS, COOP AND CONDO BOARDS, AND MANAGING AGENTS SHOULD DEAL WITH COVID-19

Prepared by the firm of Gallet Dreyer & Berkey, LLP  Owners of multi-family buildings, boards of condominiums and cooperatives and their managing agents should be aware of their legal obligations that arise from the novel coronavirus (COVID-19).  In general, owners, board members and managing agents must...

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GOVERNOR’S VETO DASHES CURRENT HOPES FOR REVERSE MORTGAGES FOR SENIORS IN CO-OPS

On Friday the 13th, Governor Cuomo issued his Veto #213, disappointing hundreds of seniors who supported this important legislation as they aged in place in New York  housing cooperatives. Many of these seniors call CNYC on a regular basis for progress reports on the legislation that would have enabled them to live out...

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Congressman Jerrold Nadler (NY-10) has issued the following press release following the introduction of the Disaster Assistance Equity Act for common interest communities...

Washington, D.C. – Today, Congressman Jerrold Nadler (NY-10) introduced H.R. 5337, the Disaster Assistance Equity Act, along with Representatives David Rouzer (NC-7), Joe Cunningham (SC-1), Lee Zeldin (NY-1), Eliot Engel (NY-16), and Peter King (NY-2). This bipartisan legislation will ensure that common interest communities,...

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NYARM, THE NEW YORK ASSOCIATION OF REALTY MANAGERS INVITES CNYC BUILDING BOARD MEMBERS AS NO COST $0 GUESTS ON:

Wednesday Sept 25th 6:30 to 8pm at the law offices of Gallet Dreyer & Berkey, LLP 845 3rd Avenue, 5th Floor “The Effect of Rent Law Amendments and Other Issues on Building Valuations in the World of Finance” How your multifamily mortgage loan applications and other refinancing opportunities are affected: Loan...

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LEAD IN DUST STANDARDS – NEW REQUIREMENTS

The New York City Department of Health and Mental Hygiene (“DOHMH” or “the Department”) is writing to inform you that effective June 11th, NYC will have new lower lead in dust standards.  Local Law 66 of 2019 outlines new lead reference/action levels and standards relating to lead-based paint hazards. The new standards for...

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