New York City’s Fair Chance for Housing Act went into effect Jan. 1, 2025. It is intended to address discrimination against individuals with a criminal history in the housing application process. The Act requires all...more
On January 1, 2025, two important laws will become effective, and co-op and condo boards must be aware of what is required. A New York City law, the Fair Chance for Housing Act, impacts the use of criminal background checks...more
11/25/2024
/ Anti-Discrimination Policies ,
Beneficial Owner ,
City of New York ,
Civil Monetary Penalty ,
Co-Op ,
Condominiums ,
Corporate Transparency Act ,
Criminal Background Checks ,
Criminal Convictions ,
Fair Housing Act (FHA) ,
Financial Crimes ,
Reporting Requirements ,
Terrorism Funding
As the year-end deadline for compliance with the Corporate Transparency Act approaches, boards of cooperatives, condominiums and Homeowners Associations should be aware of the requirements that may affect them. The CTA...more